NBA legend Magic Johnson built a business empire following his Hall of Fame career with the Los Angeles Lakers. … Johnson earned nearly $40 million in salary during his NBA career, including a 25-year, $25 million contract with the Lakers in 1981 that ranked as the richest deal in sports history at the time.
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What does Magic Johnson own?
Still a commanding presence in the sports world, he made history in 2012 when he became co-owner of the Los Angeles Dodgers. He also co-owns the Los Angeles Sparks of the WNBA and Major League Soccer’s Los Angeles Football Club. Johnson continues to expand his influence through a number of other investments.
Is Magic Johnson a billionaire?
After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA draft by the Lakers. As of 2020, Magic Johnson’s net worth is approximately $600 million, and he’s one of the richest athletes in the world.
How much does Magic Johnson make?
During his NBA career, Johnson made around $24 million in salary – an amount which has not been adjusted for inflation. While there was no confirmation, Johnson was apparently paid $10 million by the Lakers from 2017 to 2019 when he was their President of Basketball Operations.
How does Magic Johnson have so much money?
In 1995, Johnson started Magic Johnson Enterprises after he bought a stake in a movie theatre in Baldwin Hills. Now, his company has grown to invest in more theatres, real estate, health clubs and even a promotional marketing company. He also bought 125 Starbucks locations, which he sold in 2010.
What is Magic Johnson best known for?
Johnson accomplished virtually everything a player could dream of during his 13-year NBA career, all of which was spent with the Los Angeles Lakers. He was a member of five championship teams. He won the Most Valuable Player Award and the Finals MVP Award three times each.
Where does Magic Johnson work?
Over the years, Magic Johnson Enterprises has continually invested ownership in many lucrative businesses such as the Los Angeles Lakers, movie theaters and restaurants in the United States, including T.G.I. Friday’s, Sodexo, and Burger King locations.
How much money is Magic Johnson worth?
Magic Johnson net worth: As per reports, LA Lakers legend Magic Johnson – who is one of the richest former athletes in the world – is worth $600 million.
How tall is Magic Johnson’s son?
EJ Johnson height He stands at 6 feet 2 inches. Despite his stature, he is always in heels.
What is Magic Johnson’s son’s net worth?
After a few years of working to establish himself outside of his famous family, EJ has built himself a net worth of about $2 million, according to Celebrity Net Worth.
Does Magic Johnson own Starbucks?
While Magic Johnson owned Starbucks stores, he sold his 105 Starbucks franchises back to the company in 2010. Before he sold the Starbucks stores, he had also sold his 4.5 percent ownership stake in the Los Angeles Lakers to Dr Patrick Soon-Shiong. …
Is Magic Johnson son adopted?
While EJ was Cookie’s first child, Magic had previously fathered a son, Andre Johnson, in 1981. Andre was raised by his mother Melissa Mitchell, but Magic made it a point for his oldest son to visit him each summer. Magic and Cookie adopted a daughter, Elisa, in 1995.
How much does Magic Johnson own?
Magic Johnson net worth: As per reports, LA Lakers legend Magic Johnson – who is one of the richest former athletes in the world – is worth $600 million.
Who started Starbucks Magic Johnson?
From 1998 to 2010, Johnson’s company owned more than 100 Starbucks stores. The deal he struck with the former Starbucks CEO Howard Schultz “is what really stamped me as serious businessman,” Johnson tells Maverick Carter in an episode of “Kneading Dough,” presented by Uninterrupted.
Who does Magic Johnson’s son date?
Milan Christopher and EJ Johnson Allegedly Dating 09/01/2017.
How much is Charles Barkley worth?
Barkley’s net worth: $40 million All in all, Barkley has a net worth of about $40 million, according to Celebrity Net Worth. He’s had gambling problems and admits to losing some $10 million in total over the years. Barkley even said he lost about 25% of that amount in less than six hours while playing blackjack.
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