Unveiling the Magic: Magic Johnson's Net Worth in 2019
Alright, guys, let's dive into the fascinating world of Magic Johnson's net worth, specifically focusing on 2019. But first, let's rewind and get to know the man behind the magic. Guys, explore more in Net Worth and majic jonson net worth 2019.
Magic Johnson: From the Court to the Boardroom
Earvin "Magic" Johnson Jr., born on August 14, 1959, is a retired American professional basketball player and current president of basketball operations of the Los Angeles Lakers. He played point guard for the Lakers for 13 seasons. Magic is widely regarded as one of the greatest basketball players of all time. But today, we're not here to talk hoops; we're here to talk cash.
Magic Johnson's Net Worth: A Brief History
Before we jump into 2019, let's take a quick look at Magic's net worth over the years. As of 2021, Magic Johnson's net worth is estimated to be around $600 million. But how did he get there? Let's rewind.
- 1980s: Magic's professional basketball career kicked off. His salary was around $2.5 million per year, which wasn't bad for the '80s.
- 1990s: After retiring from basketball, Magic ventured into business. He opened several Starbucks, Burger King, and TGI Friday's franchises. His net worth started to grow.
- 2000s: Magic continued to expand his business empire. He bought a stake in the Los Angeles Lakers and became a part-owner of the Los Angeles Dodgers.
Magic Johnson's Net Worth in 2019
Now, let's get to the main event: Magic Johnson's net worth in 2019. According to Celebrity Net Worth, Magic's net worth in 2019 was approximately $620 million.
Business Ventures
Magic's primary source of income in 2019 was his various business ventures. He had stakes in several companies, including:
- Los Angeles Lakers: Magic was a part-owner of the Lakers. In 2019, the team was valued at around $4 billion, according to Forbes.
- Los Angeles Dodgers: Magic also had a stake in the Dodgers. In 2019, the team was worth around $3 billion.
- Magic Johnson Enterprises: Magic's own company, which invests in urban communities, was also bringing in cash.
Investments
Magic is also a savvy investor. In 2019, he invested in several companies, including:
- Ride-sharing app, Lyft: Magic invested in Lyft when it was still a startup. In 2019, Lyft's market value was around $20 billion.
- Sports tech company, Fanduel: Magic's investment in Fanduel paid off in 2019 when the company merged with DraftKings, creating a sports betting giant.
Magic Johnson's Net Worth in 2019: The Breakdown
So, where did all that money come from in 2019? Here's a rough breakdown:
- Business ventures: Around $400 million (Lakers, Dodgers, Magic Johnson Enterprises) - Investments: Around $150 million (Lyft, Fanduel, other investments) - Real estate: Around $50 million (Magic owns several properties in California) - Endorsements: Around $20 million (Magic has endorsement deals with various companies)
Magic Johnson's Impact
Magic's net worth isn't just about the numbers. It's about the impact he's had on the business world and his community. He's shown that success can be achieved through hard work, determination, and giving back.
Magic Johnson's Net Worth in 2021: What's Changed?
Since 2019, Magic's net worth has remained relatively stable. However, there have been a few changes:
- Lakers sale: In 2020, the Lakers were sold to a new ownership group. Magic's stake in the team was reportedly worth around $300 million.
- New investments: Magic has continued to invest in various companies, including Beverly Hills Rejuvenation Center and JPMorgan Chase.
So, there you have it, guys. That's Magic Johnson's net worth in 2019, and what's changed since then. Magic's success story is a testament to the power of hard work, smart investing, and giving back to the community. Until next time, stay magical!