Magic Johnson Net Worth

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Magic Johnson Net Worth

Magic Johnson is a retired professional basketball player who played point guard for the Los Angeles Lakers of the NBA. Magic Johnson won a championship and an NBA Finals Most Valuable Player Award in his rookie season, and won four more championships with the Lakers during the 1980s.

Magic Johnson retired abruptly in 1991 after announcing that he had contracted HIV, but returned to play in the 1992 All-Star Game, winning the All-Star MVP Award. After protests from his fellow NBA players, Magic Johnson retired again for four years, but returned in 1996, at age 36, to play 32 games for the Lakers before retiring for the third and final time.

Magic Johnson’s career achievements include three NBA MVP Awards, nine NBA Finals appearances, twelve All-Star games, and ten All-NBA First and Second Team nominations. He led the league in regular-season assists four times, and is the NBA’s all-time leader in average assists per game, at 11.2. Magic Johnson was a member of the “Dream Team”, the U.S. basketball team that won the Olympic gold medal in 1992.

Magic Johnson was honored as one of the 50 Greatest Players in NBA History in 1996, and enshrined in the Basketball Hall of Fame in 2002. He was rated the greatest NBA point guard of all time by ESPN in 2007. Magic Johnson’s friendship and rivalry with Boston Celtics star Larry Bird, whom he faced in the 1979 NCAA finals and three NBA championship series, were well documented.

Since his retirement, Johnson has been an advocate for HIV/AIDS prevention and safe sex, as well as an entrepreneur, philanthropist, broadcaster and motivational speaker. Magic Johnson was a part-owner of the Lakers for several years, and was part of a group that purchased the Los Angeles Dodgers in 2012.

How Magic Johnson Made His Money – Basketball

Estimated Net Worth: $500 Million

Birthday: August 14, 1959

[image via Steve Lipofsky]

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