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Magic Johnson Net Worth: What Is Magic Johnson’s Net Worth, Salary, and Career Earnings?

Magic Johnson Jr. is a retired American basketball player and the former president of the NBA’s Los Angeles Lakers. He played point guard for the Los Angeles Lakers for 13 seasons.

After winning multiple championships in high school and college, the Lakers selected Johnson first overall in the 1979 NBA draught.

Early Life

On the 14th of August in 1959, Magic Johnson spent his first day of life in the city of Lansing, which is located in the state of Michigan. While his father, Earvin Sr., worked on an assembly line at General Motors, his mother, Christine, worked as a janitor in a primary school. Earl Monroe and other players like him served as role models for Magic when he was a child, and they encouraged him to pursue a career in basketball.

After completing his studies at Everett Middle School, Johnson continued his education at Everett High School, where he instantly became a member of the varsity basketball team. The young player was only 15 years old when he achieved a triple-double consisting of 36 points, 18 rebounds, and 16 assists. As a result, a neighbourhood sportswriter bestowed the nickname “Magic” onto him. His role as captain of the team that went on to win the state championship during his senior year helped solidify his image as a capable leader.

Magic Johnson Net Worth

Even though Johnson was accepted to every renowned college in the country, he ultimately decided to attend Michigan State University because of its close proximity to his hometown. In 1979, Magic led his team all the way to the championship game of the NCAA tournament, where they met Indiana State University and its superstar player, Larry Bird. In that game, Magic’s team lost to Indiana State University and Larry Bird.

The first game between them was the college basketball contest that had the largest viewing in the annals of the history of the broadcast competition. This encounter was the spark that ignited one of the most heated rivalries in the annals of sports competition. At the end of the contest, Michigan State emerged victorious over Indiana, and Johnson was named the tournament’s Most Outstanding Player.

Personal Life

In 1991, Johnson wed Earlitha “Cookie” Kelly in a low-key ceremony that took place in Lansing, Michigan. The location of the wedding was in Michigan. The couple has a son who they named Earvin III (also known as EJ) and who was born in 1992. Earvin III is openly gay and takes great pride in his sexual orientation. EJ appeared in an episode of the reality television show “Rich Kids of Beverly Hills.” Through the process of adopting a child in 1995, Magic and Cookie were able to fulfil their role as parents to Elisa. The Johnsons have homes in the Beverly Hills and Dana Point regions of California. Johnson also owns a business in Dana Point.

In addition to this, Johnson is a parent to a boy who is the result of a prior relationship that he was in. In 1981, Andre Johnson was born to his mother, Melissa Mitchell. 1981 was the year in question. Andre was brought up by his mother, but he spent time with Johnson every summer. Eventually, Andre worked as the marketing director for Magic Johnson Enterprises after spending time with Johnson throughout his childhood. Even though Andre’s mother was responsible for his upbringing, he still spent time with Johnson during the summers.

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NBA Career

Magic was the first player selected in the 1979 NBA Round, as he was selected by the Los Angeles Lakers with the first pick in that draught. This made him the overall number one pick. During Magic’s debut year with the Los Angeles Lakers, the team won the National Basketball Association championship with the help of his teammate Kareem Abdul-Jabbar. Magic was named the Most Valuable Player of the NBA Finals. Magic led the Los Angeles Lakers to the NBA championship in 1980, 1982, 1985, 1987, and 1988, all of which they won. During those years, the Lakers won a total of five titles.

Magic Johnson Net Worth

In 1980, 1982, and 1987, consecutively, he was named Most Valuable Player of the NBA Finals. He also earned the award in 1987. Three times throughout his career in the National Basketball Association (NBA), he was named the league’s Most Valuable Player. These years were 1987, 1989, and 1990. He was chosen for the All-Star game a total of twelve times and was honoured with the Most Valuable Player award during the tournament on two separate occasions. It is commonly held that he was the best point guard in the annals of basketball’s long and illustrious history.

Magic Johnson rejoined the National Basketball Association (NBA) as the head coach of the Los Angeles Lakers toward the end of the 1993–1994 NBA season. At the time, the Lakers were in the midst of competing for the championship. He volunteered to play in place of Randy Pfund and Bill Bertka at the behest of the owner of the team, Jerry Buss. Under Johnson’s direction, the Los Angeles Lakers got off to a strong start, winning five of their first six contests.

However, after losing their next five games in a row, Johnson stated that he would be resigning from his position as coach at the conclusion of the current season. Johnson’s first six games as head coach of the Lakers resulted in five victories for the team. Johnson’s tenure with the Lakers came to an end with a record of 5–11, and the team closed the year on a losing streak of ten games that spanned the season’s final month. According to him, being a coach was never something he aspired to do for a living; as a result, in June of 1994, he made the decision to buy a five percent stake in the team instead.

During the 1995–1996 NBA season, Magic Johnson, who was 36 years old at the time, attempted to make a comeback as a player and re-joined the Los Angeles Lakers for that season. His comeback attempt was unsuccessful. Johnson’s final return was considered to be “a success” by Johnson since the Lakers concluded the games in which he participated with a record of 22–10, and Johnson felt that this was evidence of the success of his comeback. After the Houston Rockets eliminated the Los Angeles Lakers from the playoffs in the first round, Johnson made the decision to retire from basketball for good and hang up his sneakers for good.

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Real Estate

Johnson and his wife have a home in the Beverly Hills enclave of Beverly Park, which is a gated community. Johnson and his wife jointly own the home. Additionally, the couple is the owner of a beach property at Dana Point, which is located in Orange County, California, and features architecture in the Tuscan style.

The couple had previously owned a home in Napili, Hawaii; however, because it was challenging for them to get there while their children were still young, they decided to trade it in for a beach property that is situated approximately 75 miles south of Beverly Hills. The location of the new property is approximately 75 miles south of Beverly Hills.

What Is Magic Johnson’s Net Worth, Salary, and Career Earnings?

Earvin “Magic” Johnson Jr. is a 620 million dollar net worth entrepreneur and former professional basketball player in the United States. Following his prowess in high school and college basketball, the Los Angeles Lakers selected him first overall in the 1979 NBA Draft.

Magic Johnson Net Worth

He went on to win more trophies at various levels. He was a point guard with the Los Angeles Lakers for 13 seasons. During his rookie season in the NBA, he was voted the NBA Finals Most Valuable Player and won the NBA Championship. Johnson formerly served as the Los Angeles Lakers president of basketball operations.

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