Magic Johnson Net Worth
How Much Does Magic Johnson Make?
Magic Johnson is a retired American professional basketball player who played point guard for the Los Angeles Lakers of the National Basketball Association (NBA). After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA Draft by the Lakers. He 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.
His Estimated Net Worth is US $ 500 Million.
He was given the name “Magic” at the age of 15 because of his skills on the court. His skills paid off beautifully by the end of Magic’s senior year when he led his team to the state championships. And yes, they did win.
Johnson went in for his physical before the 1991-1992 season and found out that he tested positive for H.I.V. He held a press conference on November 7th announcing his condition and his retirement. Johnson chose to devote to life to fighting the disease. The news of Johnson’s condition spread wide with many people considering him a hero for talking about it so openly. Despite his retirement he still continued to play. He even played in the 1992 Summer Olympic men’s basketball team. Though he saw very little play time because of an knee injury he still received standing ovations from the crowd. Johnson felt that moments like these would inspire HIV patients to continue fighting the good fight. Johnson staged two comebacks during the years many of which were met with backlash and failure. He even tried to coach the Lakers towards the end of the 1993-1994 season but quit after five losing games. He finally decided the best way to remain a part of the franchise was to purchase 5% of the team’s shares.
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