All about Magic Johnson’s and his Net Worth
Magic Johnson has already established himself as one of the greatest basketball players of all time. He’s won championships and Olympic medals, amassed millions of dollars on the court, and transformed the world’s perception of HIV by publicizing his own positive diagnosis. Johnson has proven to be an excellent entrepreneur in the decades since he retired from professional basketball, and his net worth has grown by leaps and bounds since refocusing his energy as a businessman who wants to revitalise urban districts.
Magic Johnson’s net worth is estimated to be around $600 million as of 2022, making him one of the wealthiest athletes in the world.
Earvin “Magic” Johnson Jr. is a former NBA president and retired professional basketball player from the United States. For 13 seasons, he was the Lakers’ point guard. The Lakers selected Johnson first overall in the 1979 NBA draught after he won titles in high school and college.
Early Years of Magic Johnson
Earvin Johnson Jr. was born in Lansing, Michigan, on August 14, 1959. Earvin Sr. and Christine Johnson have a kid named Johnson.
His mother spent several hours after work cleaning and preparing the next day’s meals, while his father worked as a janitor at a used car lot and collected rubbish, all while working full-time at General Motors.
During the 1995–96 NBA season, he re-joined the Lakers and made a comeback as a player. In a victory over the Atlanta Hawks in February, he had 15 points, 10 rebounds, and 13 assists. In 32 games this season, he averaged 14.6 points, 6.9 assists, and 5.7 rebounds. Following the season, he announced his retirement for good.
Magic Johnson’s net worth is $600 million as of 2022.
In 1979, the Los Angeles Lakers selected Johnson first overall. He eventually agreed to a $25 million, 25-year contract with the Lakers. Johnson had an outstanding season in 1981–82, averaging 18.6 points, 9.6 rebounds, 9.5 assists, and a league-leading 2.7 steals per game.
During the 1984–85 regular season, he averaged 18.3 points, 12.6 assists, and 6.2 rebounds per game, leading the Lakers to the NBA Finals.
His excellent play continued over the next few years, and in the 1988–89 NBA season, he averaged 22.5 points, 12.8 assists, and 7.9 rebounds per game.
In 1991, an incident changed his life forever when he was diagnosed with HIV. He made his diagnosis public and declared his retirement. Despite his retirement, he was selected to play for the United States in the 1992 Summer Olympics.