Magic Johnson is an American ex-professional basketball player, Magical Johnson Net Worth in excess of $630 million. This money came from where and how? I’ll tell you. But first, let me tell you about Magic Johnson. Did you know that he was award the 1992 Olympic Games gold medal? He was also a member of the All-Star Team in 1993 and won the title Most Valuable Player.
In 2002, he was induct into Basketball Hall of Fame. You may be a Starbucks customer. Magic Johnson owns 125 Starbucks. He also owns a chain that includes 40-50 movie theaters. As we have said, he was once part of a basketball team. Now let’s hear that he is also a member of the Dodgers. For a long time, he has been a broadcaster at NBC TNT or ESPN.
He was once a coach for the Los Angeles Lakers. His relationship with the Los Angeles Lakers is so strong that he was a 10% shareholder from 1994 to 2010. He also holds a prepaid MasterCard. Very few people would be surprise to learn that.
Magical Johnson Net Worth
Sixty-three million dollars is the estimated net worth of Magic Johnson, America’s former best professional basketball player. According to multiple online sources (Wikipedia Forbes, IMDB), Magic Johnson, the most well-known American ex-professional basketball player, has a net worth of approximately $630 million.
We have already mentioned that his net worth is approximately six hundred million dollars. He earned only $100 million from basketball. The rest he earned from his business. He retired from basketball and opened Magic Johnson Enterprise. Its valuation is approximately $ 1.2 Billion in 2021.
This company also includes movie theaters, coffee chains and movie studios. They also have promotional marketing companies. This is Magic Johnson’s life story. We will continue to follow him.
NBA career
Magic Johnson is consider one of the greatest players in the history of the National Basketball Association. He is the all-time leader in assists and steals, has the NBA’s highest all-time scoring average, and is the league’s all-time leader in rebounds.
A popular sports celebrity, Magic Johnson’s career has made him a household name around the world. From high school to the NBA, he has been a dynamo. In his 13-year career, he won five championships, was select to the All-NBA First Team nine times, and was the first rookie to receive MVP awards in the NBA Finals.
At a young age, Magic Johnson developed a passion for basketball. When he was 15, he played for the Everett High School team. He then attended Michigan State University, where he was a star. After a four-year collegiate career, he was draft by the Los Angeles Lakers.
During his college career, Johnson won two collegiate basketball titles. His teammates included future NBA star Kareem Abdul-Jabbar. The two players went on to start the most famous rivalry in collegiate basketball.
After graduating from Michigan State, Johnson was select with the first overall pick of the 1979 NBA draft by the Los Angeles Lakers. He played for the Lakers during the 1980 season.
In his rookie season, Magic Johnson led the Lakers to the NBA Finals. They lost to the Houston Rockets. But the following year, he helped the Lakers win their fourth NBA championship in the franchise’s history.
During his time with the Lakers, Magic Johnson also served as the head coach. During his tenure with the Lakers, he won a total of five championships. One of these was in 1994, when he bought a large share of the Lakers.
While playing for the Lakers, Magic Johnson was criticize by fans. He booed during his introductions and jeer whenever he touch the ball.
As a member of the Lakers, Magic Johnson known for his passing skills. However, he had problems with knee injuries. Eventually, he had to sit out 45 games with torn cartilage in his left knee.
In 1995, he returned to the Lakers. His performance in the final 32 games of his career helped the Lakers finish with a 22-10 record.
Business ventures
During his 10 seasons as the point guard for the Los Angeles Lakers, Magic Johnson was the first overall pick in the NBA draft. In the process of building a basketball empire, he also earned a few accolades. One was a gold medal at the Olympics in Barcelona, as part of the “Dream Team” that he led. He married Earlitha “Cookie” Kelly in 1991 and adopted daughter Elisa in 1995. The couple is now based in Beverly Hills, California.
One of the more recent moves of the former two-time MVP was to tinker around with his business empire. Since retiring in the spring of 2009, Johnson has expanded his horizons, acquiring a few companies, and securing a few celebrity endorsements along the way.
He made the cut as the new president of basketball operations for the Lakers in 2017, where he replaced Jim Buss. Among his many endeavors is the purchase of the Los Angeles Football Club, an expansion team in Major League Soccer.
With a name like Magic Johnson, it’s no surprise that his Magic Johnson Net Worth has reached stratosphere levels. The man possesses an impressive trophy case and private jet, but it’s the money that he’s willing to spend that’s the real deal. That’s all the more reason for the man to be on his best behavior.
As one of the most recognizable athletes in modern sports, it’s easy to see why the mercenaries would seek out this guy as a partner in crime. Whether he’s in the dugout or on the court, Magic Johnson is sure to be a force to be reckone with for years to come. Luckily, he still has time to enjoy the fruits of his labor.
Philanthropy
Magic Johnson’s philanthropy has made a huge impact on American lives. He has created a foundation to promote HIV/AIDS awareness and to support minority youth. The organization also works to raise funds for charities and community organizations. In addition, it has helped establish treatment centers in economically challenged communities.
It provides scholarships to students from low-income and minority neighborhoods. Additionally, it provides free HIV testing events throughout the year. This program has touched more than 38,000 Americans in 16 major cities.
The Magic Johnson Foundation is one of the most recognized philanthropic organizations in the world. Over the years, it has raised more than $20 million for charity and has distributed more than $3 million in grants. Since 1998, the program has enabled 386 students to attend college.
Besides the Taylor Michaels Scholarship Program, the Magic Johnson Foundation has developed several other programs to help urban youth. These include Community Empowerment Centers, technology boot camps, and online learning scholarships. Various companies have supported the organization, including Walgreens.
Magic Johnson Net Worth One of the biggest campaigns MJF has run is the “I Stand With Magic” campaign. Through this effort, they have provided over $14 million in grants to help educate the public on HIV/AIDS. They have also partnered with Walgreens and other organizations to create treatment centers in communities with high HIV rates.
To honor and commemorate the work of the Magic Johnson Foundation, Walgreens recently launched a national campaign. For every commemorative charity bracelet sold, Walgreens will donate $2 to the charity. Currently, they sell these bracelets at their 7,800 stores.
The foundation is also dedicate to fighting HIV/AIDS, as well as other diseases. Throughout the years, it has teamed up with celebrities such as Dwayne Wade, Kobe Bryant, and Arsenio Hall.
Moreover, the foundation has developed a community grants program. In this program, it gives grants to non-profit organizations that are focuse on raising awareness and providing HIV/AIDS prevention and treatment resources.
The Magic Johnson Foundation continues to make a positive impact on America, and will continue to do so in the future.
Yacht holiday
Magic Johnson, the NBA legend, recently spent a month in Europe on a luxury yacht. He is said to have spent approximately $3 million on the trip.
He travelled on a 241-foot Nobiskrug super-yacht called Siren. The yacht was renovate in 2019. It has eight staterooms that can accommodate up to 12 guests. There are two massage rooms, a salon, a gym, and a movie theater.
During his time on the Siren, Magic and his wife Cookie invited their friends and celebrities to join them. One of these guests was rapper LL Cool J. During their time on the boat, they visited Greece and toured the ancient citadel in Athens.
Along the way, Johnson’s yacht cruised around several Greek islands. He also visited Santorini and the Three Bells of Fira. In addition, he dined with Miami Heat owner Micky Arison.
According to media reports, Magic Johnson and his wife spent over $1 million on his European vacation. This was more than he had spent in all previous years. He had hoped to spend five weeks on the cruise. However, he delayed the trip until August because of the Lakers Summer League.
On July 4, he and his wife enjoyed a fireworks display along the Mediterranean. They were also spotted shopping in Saint Tropez, France. EJ has posted some of his fun holiday pictures to his Instagram account.
Despite his wealth, Magic Johnson still hasn’t missed a year of cruising on his yacht. His latest voyage will cost $700,000 a week.
If you’re considering a cruise like this, you’ll probably want to find out more about the luxury yachts available. You may be able to get a similar deal to Magic Johnson’s.
One of the best ways to enjoy the Mediterranean in the summer is on a super-yacht. These large vessels are usually equippe with water activities, like wakeboarding and kayaking. They also have a gym, a movie theater, and a private terrace.
Several celebrities have taken trips on the mega-yachts owned by Magic Johnson. In the past, the NBA great has been accompanied by his best friend Samuel L. Jackson. Other notable guests have included Prince Albert of Monaco, Lewis Hamilton, and Lionel Richie.
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