Earvin “Magic” Johnson Jr., an American former professional basketball player, is widely considered the greatest point guard in basketball history. Johnson had a successful career spanning 13 seasons in the National Basketball Association (NBA), where he played a key role in leading the Los Angeles Lakers to five NBA championships during their Showtime era. He was drafted first overall in the 1979 NBA draft by the Lakers, shortly after winning a national championship with Michigan State in 1979.
In 1991, Johnson shocked the world by announcing his retirement from basketball, citing his contraction of HIV. However, he made a comeback in the 1992 All-Star Game, where he won the All-Star MVP Award. Despite protests from fellow players, he retired again for four years before returning to the Lakers in 1996 at the age of 36, playing 32 games before retiring for the third and final time.
People are curious to know about Magic Johnson’s net worth as well as his personal life. In this post, we’ll cover all the details you need to know about them.
Inside Magic Johnson’s Net Worth
According to Celebrity Net Worth, Magic Johnson has an estimated net worth of $620 million. Throughout his time as a professional basketball player, Magic Johnson received a total of approximately $18 million in salary, as well as several million dollars in endorsement deals.
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Since retiring from basketball, Magic Johnson has been far from idle. He has built a business empire, called Magic Johnson Enterprises, which is currently valued at over $1 billion and has contributed to his personal net worth of $600 million. The enterprise includes ownership of Magic Johnson Theaters, a movie studio, and a promotional marketing company.
In addition, he made a significant investment in the Los Angeles Lakers, purchasing a 5% stake for $10 million in 1994, which he later sold to Patrick Soon-Shiong for a reported $50-60 million in 2010. Johnson also sold his chain of Starbucks for $75 million in the same year. Notably, in 2012, Johnson and a group of partners acquired the Los Angeles Dodgers from Frank McCourt for a staggering $2 billion, marking another milestone in his impressive business career.
All About Magic Johnson’s Relationships
In 1991, Johnson tied the knot with Earlitha “Cookie” Kelly in a small ceremony held in Lansing, Michigan. The couple has a son named Earvin III (EJ), who was born in 1992 and is openly gay, having appeared on the reality TV show “Rich Kids of Beverly Hills.” Johnson and Cookie also adopted their daughter, Elisa, in 1995. The family currently resides in both Dana Point, California, and Beverly Hills.
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Additionally, Johnson has a son, Andre Johnson, who was born in 1981 to Melissa Mitchell during a previous relationship. While Andre was primarily raised by his mother, he spent summers with Johnson and later served as a marketing director for Magic Johnson Enterprises.