Magic Johnson Net Worth
Although he’s already retired, Magic Johnson still has massive wealth at his disposal. In the mid-nineties, hi earnings were $365,000 per game. His 2015 net worth is estimated to be $500 million. Through his career, Johnson made a lot of money through his basketball salary, endorsement deals, and even as a TV host. But his income is more diverse than tha.
Johnson is also an entrepreneur with pretty diverse portfolio. He runs Magic Johnson Enterprises. This company operates movie studio, chain of movie theaters, and other ventures. Johnson diligently prepared for his own business while still earning money as an athlete. He had consultations with various CEO’s and learned a lot from their advice. He’s also a co-owner of several sports clubs.
He bought a huge mansion in Los Angeles, California in 1989. While he was briefly trying to sell it for $6 million in 1992, he eventually changed his mind, kept the real estate property and even further expanded the home. The Mediterranean style house now has approximately 14,000 square feet.
In 1991, Magic married Earlitha “Cookie” Kelly. They have one son and also adopted a daughter. Johnson is a Christian, supports Democratic party, and is often involved in charities related to the fight with HIV. He publicly announced in 1991 that he’s infected and later promoted GlaxoSmithKline’s drugs that help prevent virus to progress to AIDS.