Magic Johnson Net Worth

Magic Johnson Net Worth $500 Million

Earvin "Magic" Johnson Jr. is a retired NBA basketball player and entrepreneur born on August 14th, 1959 in Lansing, Michigan. Magic fell in love with basketball at an early age. While studying in Everett High School, he joined the basketball team as soon as he could. A local sportswriter nicknamed him "Magic" when he scored a triple double with 36 points, 18 rebounds and 16 assists at age 15. 

He played point guard for NBA’s LA Lakers for 13 seasons, won a championship and an NBA Finals MVP Award while being a rookie. He later won four more championships in the 1980s with the Lakers. Johnson retired in 1991 after confessing he was HIV positive, but returned to play in 1992 winning the All-Star MVP Award. He retired again for four years (after facing protests from his NBA teammates), but returned in 1996 and played 32 more games for the Lakers before retiring at age 36. Johnson was recognized as one of the 50 Greatest Players in NBA History in 1996, and became part of the Basketball Hall of Fame in 2002. Soon after his retirement, he became an entrepreneur and now has a net worth of $500 million.

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)