Magic Johnson net worth makes him one of the top five wealthiest Black Americans by Forbes. He is one of the most coveted names in the NBA and in American sports history. How much is Magic Johnson Net Worth?
Celebrity Net Worth claims Magic Johnson net worth is $500 million. Magic Johnson is a name that sounds big everytime you hear it. Why? His long record of successful career in the NBA made him one of the highly acclaimed sportsmen even until today.
Although Magic Johnson had retired in the NBA in 1991, he is much seen in the limelight, at the background of the sports arena or doing projects as an AIDS advocate.
If you are a sports fanatic, you may be aware why Magic Johnson dedicates his time as an AIDS advocate. In 1991, he revealed explosive news that destruct the realm of NBA. Magic Johnson admitted to the public that he contracted HIV virus.
In an interview on Sirius XM in February, the former NBA superstar Earvin "Magic" Johnson set out straight why he remained healthy and seemed not sick despite his health condition. Magic Johnson net worth is not the reason why he is still alive today. He explained that the virus attacks people in different ways.
So let's take a peek at Magic Johnson net worth of $500 million, and how the Hall of Famer acquired such fortune in his NBA career.
Magic Johnson was born in Lansing, Michigan. At an early age, he was inspired by his basketball idol Earl Monroe and made his entry to his basketball team in Everett high school. At 15, he was dubbed as "Magic" for scoring triple double with 36 points, 18 rebounds and 16 assists.
In college, Magic Johnson led his Michigan State University team in the NCAA finals, where he faced his greatest rival and friend Larry Bird, who belonged to Indiana State University.
At that time, Magic Johnson net worth has not yet taken leap although he was already tagged as "Most Outstanding Player of the Final Four."
Magic Johnson net worth started to grow significantly during his rookie season in the NBA in years 1979 to 1980. He became the only rookie to win the NBA Finals MVP award and he also became one of four players to win NBA and NCAA championships in consecutive years.
In 1981, the star player signed a $25 million contract with the Lakers for 25 years, the highest offer in the sports history at that time. Magic Johnson net worth substantially multiplied.
From 1979 to 1991, his career peak at its height where magic Johnson was awarded many times as NBA steals leader, NBA assists leader, NBA All-Rookie First Team, All- NBA first team, NBA champion, NBA Finals MVP and NBA most valuable player.
Magic Johnson net worth was magnified as he received recognitions for his performance. In 1996, Magic Johnson was honored as one of the 50 Greatest Players in NBA History.
Magic Johnson also landed in the Basketball Hall of Fame in 2002. In 2010, he was one of the star players of "Dream Team."
In 2007, ESPN rated him as the greatest NBA point guard of all time. After receiving so much awards and recognitions for his hard work, Magic Johnson net worth has been one of the greatest figures ever recorded in sports. He belongs to top ten richest athletes in the world.
Although at one point of his successful career, he resigned when he found out that he contracted the HIV-disease in 1991. Since then, the Hall of famer has been an active advocate for HIV/AIDS prevention and safe sex, he invested in businesses, becomes a philanthropist, broadcaster and motivational speaker.
Despite his honesty to claim he contracted HIV, Magic Johnson net worth had not been affected. He took the challenge to divert his potential to being an entrepreneur that grew Magic Johnson net worth a bit more.
Part of Magic Johnson net worth comes from his several businesses. He was also a part-owner of the Lakers for several years. Today, Magic Johnson is one of the Los Angeles Dodgers (2012) and the Los Angeles Sparks (2014) owners.
The 6'9″ L.A. Dodgers owner is also recognized as one of America's most influential black businessmen in 2009. After retirement, he invested on Magic Johnson Enterprises that has a value of more than $1 billion today.
Magic Johnson Enterprises made Magic Johnson net worth reach its peak while the enterprise successfully owns a movie studio, Magic Johnson Theaters, and promotional marketing company.
The L.A. Dodgers owner is also a previous owner of chain of Starbucks but he sold it for $75 million in 2010.
Magic Johnson net worth of $500 million could exceed in the coming years. Let's see what other ventures Magic Johnson will invest in.
