Magic Johnson Net Worth 2022: When people talk about Earvin “Magic” Johnson Jr., they are not only referring to one of the most famous basketball players in history but also to a successful businessman. In addition, the legendary player for the Los Angeles Lakers is one of the wealthiest athletes in the world and has a substantial net worth.
Magic Johnson Story Began
Magic Johnson’s life began on August 14, 1959, in Lansing, Michigan, where he played basketball at Everett High School. He showed an early interest in the sport and showed his aptitude for it.
Johnson made the decision to attend Michigan State University, despite the fact that he was courted by many of the nation’s most illustrious academic institutions. He led his team to the 1979 NCAA championship game, which was an iconic matchup in the annals of college basketball history. Magic Johnson’s squad emerged victorious, defeating Indiana State University with Larry Bird, and Earvin “Magic” Johnson was named the tournament’s Most Outstanding Player.
Magic Johnson Net Worth 2022
In the year 2022, Magic Johnson has a net worth of around $620 million. Johnson had a productive career on the hardwood, but he has also been quite successful in a wide variety of other ventures outside of basketball as well.
As of the year 2022, the business owner, who is 60 years old, has a net worth of something in the area of 620 million dollars.
In March of 2012, he purchased a stake in the Los Angeles Dodgers, making him a partial owner of the team.
In 2014, Johnson was a participant in the acquisition of the Los Angeles Sparks of the Women’s National Basketball Association (WNBA).
He has also established himself as a prominent personality in the media, making appearances on a broad array of talk shows and discussion programs.
During his time playing in the NBA, Johnson raked in close to $40 million in pay.
His investing company, Magic Johnson Enterprises, now has assets in a variety of businesses that are believed to be worth one billion dollars combined.
It is reasonable to anticipate that his worth will increase over the next few years due to the fact that he is recognized as a true icon and possesses considerable skills as a businessperson.
Does Magic Johnson Own Starbucks?
When he was the owner of Starbucks locations, Magic Johnson sold 105 of his franchises back to the firm in the year 2010.
Dr. Patrick Soon-Shiong purchased the 4.5 percent ownership position in the Los Angeles Lakers that he had previously held.
This transaction took place before the sale of the Starbucks shops.
Does Magic Johnson Own Pepsi?
In July of 1990, BLACK ENTERPRISE’s Earl G. Graves Sr. and Magic Johnson successfully closed a transaction to purchase a Pepsi franchise for $60 million. As a result of their accomplishment, growth through partnership and acquisition became the preferred method of business negotiation for a new generation.
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