Magic Johnson’s wealth rose past a Billion dollars. In 2023, Magic Johnson’s net worth is officially $ 1.2 billion as recorded by Forbes. Magic is just the 4th Billionaire athlete to cross a billion-dollar net worth. Johnson is now on the same net worth radar with Michael Jordan, LeBron James and Tiger Woods.
According to Forbes, Magic Johnson’s network is estimated at $1.2 billion. As fact would have it, Magic had one of the most memorable NBA careers after he [Johnson] became the first overall pick in the 1979 NBA draft.
Johnson’s wealth started trooping in when he stopped playing. In fact, according to Forbes, Magic Johnson’s net worth as an NBA player was a mere $40 million. He also accrued all his wealth from a chain of businesses he had invested in after he was done with the NBA.
According to Forbes, Magic Johnson’s net worth is estimated to worth $1.2 billion and named the fourth athlete to be worth a billion [in dollars] benchmark.
Magic Johnson Net Worth
Forbes estimated Magic Johnson’s net worth to be worth $1.2 billion dollars and only the fourth athlete to cross a billion dollar net worth after Michael Jordan, LeBron James and Tiger Woods.
Forbes reported that Johnson only made around $40 million from his NBA career in 13 season but made 99% of his money from different business he invested in.
His wealth could be traced to having an ownership take in three different Los Angeles-based sports teams, which include the WNBA’s Los Angeles Sparks, MLB’s Los Angeles Dodgers and MLS’ LAFC.
And earlier this year, Johnson invested in NFL’s Commanders. Outside sport where he started his career, he also invested in Starbucks, Burger King, 24 Hour Fitness and the life insurance company EquiTrust.
Johnson would have probably became the first billionaire athlete when the likes of Converse, Adidas and Nike approached him for an endorsement but his shallow knowledge about the stock market, shares, and bonds tarry his race to making the billionaire net worth list.
He turned down an offer to earn $1 per shoe that Nike sale during that time and 100,000 shares in stocks at $0.18 per share that Nike was allegedly offered while Nike was still a baby company. He insteaded opted in for Converse offer that worth $100,000 a year.
Since deny isn’t a denial, it took him all the time though but he finally became a billionaire after many years of ups and downs.
How Many Championships Did Magic Johnson Win
Magic Johnson played for 13 seasons in the NBA and won 5 NBA championships and 3 MVP awards. During his career, Johnson was a 12-time All-Star and a nine-time member of the All-NBA First Team. Johnson surpassed Robertson’s career assists record and after a couple of years, he relinquished to John Stockton who played for 19 seasons.
Magic Johnson Son
Johnson had three sons, Andre Johnson, who he had with his ex-girlfriend Melissa Mitchell in 1981. In 1992, he had his second son, EJ Johnson, who had with his wife, Cookie and had a daughter, Elisa Johnson [adopted] in 1994.
Johnson had two sons, Andre and El Johnson who he had 11 years apart with his ex-girl friend and his wife.
Magic Johnson Daughter
In 1994, Magic Johnson and his wife, Cookie adopted a daughter, Elisa Johnson who is their second child after they had EJ in 1992. Elisa is a new business owner and a public figure even though she despise be called an influencer.
Magic Johnson Wife
Magic Johnson had a wife, Cookie. He, however, had had a son before he met Cookie with his ex-girl friend in 1981. John remain married to Cookie as we speak and their marriage have lasted over 23 years since having his second son, EJ
Magic Johnson Kids
Magic Johnson had three kids; two sons and a daughter who he adopted with his wife, Cookie in 1994 after the birth of his second son, EJ. All Johnson kid were from different mother. He had his first son, Andre Johnson in 1981 with his ex-girl friend, had his second son, EJ Johnson with his wife, Cookie, and they both adapted their only daughter, Elisa.
How Many Rings Does Magic Johnson Have
Magic Johnson had 5 rings during his NBA career. He spent 13 seasons NBA career, he led the Lakers to five NBA championships (1980, ‘1982, ‘1985, ‘1987 and ‘1988). He also made a remarkable 9 appearances in the NBA finals for Lakers with an average of 59 wins per season during his career.
How Much is Magic Johnson Worth
Magic Johnson is worth $1.2 billion according to Forbes. Before he made is wealth, he was estimated to worth around $40 million from his NBA career in his 13 years of playing for the Lakers.
How Many Championships Did Magic Johnson Win
Magic Johnson won 5 championship with the Lakers in 13 seasons. All his championship wins were in the 1980″s.
When was Magic Johnson Drafted
Magic Johnson was drafted in 1979 after he won the national championship with Michigan State in 1979. He was chosen by the Lakers in 1979 as the overall NBA draft and led the team to a remarkable 13 seasons with five NBA championships during his career wit the Los Angeles Lakers.