Magic Johnson net worth

Magic Johnson net worth

Net Worth: $500 Million

About Magic Johnson

Magic Johnson net worth is 500 million of dollars. He was born in Lasning, Michigan on August 14th in 1959; he used to be a basketball player but is retired now. He was born is a normal family, not wealthy, his father worked on General Motors assembly line and his mother was a janitor in one school. He fell in love with basketball since early childhood when he watches his favorite stars on television.
He got his nickname Magic after a successful game when he was fifteen; he scored 36 points, made 18 rebounds and 16 assists. The name suited him perfectly, because he led his team to state championship during his senior year.
Due to the fact that he was so good in basketball Magic Johnson net worth increased when he led his university team to NCAA finals. He had offers from different university’s to attend them and gain scholarship but his choice was to stay near home and attend Michigan State University. His team won the finals and Magic Johnson was called Most Outstanding Player of the Final Four.
During his carrier Magic Johnson net worth increased a lot because he was good in basketball and had the abilities needed to be one of the best. He played for Los Angeles Lakers since 1979. He won four championships with the Lakers and increased that increased Magic Johnson net worth with big money.
However in 1991 Magic got infected with the HIV virus and that was crucial for his carrier as a basketball player. He appeared in some games but in 1996 was officially retired from basketball. But even in his retirement Magic knows how to make money.
Magic Johnson net worth was only 18 million of dollars when he was successful in basketball. Thus, he also earned money from endorsements. He was smart enough and showed his abilities when he used this money in order to establish a company named Magic Johnson Enterprises which is worth over a billion of dollars. A lot of different show business attractions belong to this company including movie theatres and a movie studio. Magic Johnson net worth increased mostly because of his abilities to establish business and not because of basketball. Basketball just made a start for him.
Magic Johnson net worth also allows him to live a luxurious life and although he is infected with an incurable virus Magic Johnson enjoys life the way it is.

Now you have an idea why Magic Johnson net worth is this huge



magic johnson net worth

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