Magic Johnson Age, Family, Career, Wikipedia & More

Earvin “Magic” Johnson Jr. has long been recognized as an icon in both basketball and business circles. Boasting an estimated net worth of $800 Million, Johnson has managed to transition from playing on Lansing, Michigan’s basketball courts into boardrooms of major corporations with incredible ease. This article explores Johnson’s illustrious career, entrepreneurial ventures and significant contributions both on and off the court. was born in Lansing, Michigan, on August 14, 1959. At an early age 64 , Johnson developed an obsession with basketball, looking up to players like Earl Monroe and Bill Russell.

Early Life and Basketball Beginnings

Magic Johnson was born August 14th 1959 in Lansing Michigan. As an early fan of Earl Monroe’s, Johnson showed early promise as he attended Everett High School – earning himself the moniker “Magic” due to a spectacular triple-double performance at 15 he gave then earning admission into Michigan State University (where he led them to victory against Indiana State and Larry Bird for an NCAA title win in 1979 in an incredible game that became one of the most-watched college basketball game ever). At Michigan State he led them all the way into winning an NCAA title game that made history, breaking all previous records since.

Dominance in the NBA

Magic Johnson began his NBA career after he was selected first overall by the Los Angeles Lakers in 1979, becoming an instantaneous success when winning both an NBA Championship and Finals MVP during his rookie year. Over 13 seasons with Los Angeles Lakers, Magic made 12 All-Star Games, won five NBA championships and three MVP awards; known for his unique blend of size and court vision; Johnson rivalry with Larry Bird greatly raised interest in basketball during 1980s era.

A Brief Coaching Stint

Since retiring in 1991 due to HIV diagnosis, Magic returned briefly to coaching during 1993-94 season with Lakers replacing Randy Pfund and Bill Bertka as head coaches, winning five of six first game under him as coach before subsequent losses saw him step aside but maintain involvement through purchasing 5% share in team.

Entrepreneurial Ventures

Entrepreneurial Ventures Magic’s entrepreneurial endeavors really took shape after his retirement from basketball. He established Magic Johnson Enterprises, now valued at over $1 billion today. One notable venture involved working with Starbucks CEO Howard Schultz to open stores in underserved urban areas – an act which proved both profitable and socially impactful.

Johnson and his partners acquired the Los Angeles Dodgers for $2 billion in 2012. Since then, he has also acquired controlling interest of the Los Angeles Sparks of the WNBA as well as co-owning an expansion team in Major League Soccer – Los Angeles Football Club (LOSFC). Furthermore, in 2023 his investment group purchased Washington Commanders for $6.05 billion!

Impact on HIV Awareness

Johnson’s public announcement of his HIV status in 1991 was a key moment in raising awareness. Through the Magic Johnson Foundation he helped dispel myths and reduce stigma around HIV/AIDS, providing greater knowledge, treatment advances, prevention initiatives and overall treatment improvements. His advocacy had lasting ramifications.

Personal Life and Real Estate

Magic married Cookie Johnson in 1991 and they share two children together – Earvin III (E.J.) and Elisa, who rose to fame thanks to reality show Rich Kids of Beverly Hills. Johnson also has another child from an earlier relationship named Andre. Currently they reside in both Beverly Hills and Dana Point in California as well as owning property in Napili in Hawaii.

Real Estate Portfolio

Magic’s real estate ventures are equally impressive. He and his wife own two stunning properties: one luxurious residence in Beverly Hills and a Tuscan-style beach house in Dana Point; previously they owned one in Napili, Hawaii but eventually swapped it out in exchange for closer proximity to their primary residence in California. His former Bel-Air estate (owned from 1981 -1990) was listed for $14.5 Million before being reduced down to just over $10 Million later on in 2023.

The Nike Legend

A popular urban legend states that Magic Johnson turned down an offer from Nike in the late 70s that could have made him a multi-billionaire. According to this version of events, Phil Knight offered Magic 100,000 shares worth an estimated current value of $5.2 billion; however by July 1979 Magic had signed with Converse instead, making this tale less plausible than before.

Legacy

Legacy Magic Johnson’s legacy extends far beyond basketball accomplishments. From entrepreneurial success and HIV/AIDS awareness advocacy, to community development through business ventures and his rise from being one of the poorest athletes ever known in Lansing to becoming one of the richest athletes ever, Magic Johnson is remembered for his triumph, resilience, and visionary leadership – an impressive legacy indeed!

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