It is a reality that is really hard to deny that the television industry has always had a large audience around the world that consumes its content on a regular basis, even more so when combined with sports. For this reason, professionals who are dedicated to it can reach high levels of popularity at an international level. One of the most prominent faces in this regard is Magic Johnson. Born in Lansing, Michigan, on August 14, 1959, he is a former American basketball player who has been considered one of the best in history worldwide.
Precisely because of the relevance of his sports and television career, over the years we have been receiving a lot of information about his professional life. Despite this, we know less about more personal and specific aspects of this sphere. That is why from Look At The Square we have prepared this article, which will be of great help to you to discover what are the businesses he currently has running that have made him boast of having a great heritage.
This is Magic Johnson
In order to go into more intimate aspects of his life and talk about them, first it is important to review his early years. He is the son of Christine and Earvin Sr. Thus, his parents’ marriage gave him his six siblings, as well as three other half-siblings who came from his father’s previous marriage.
The famous nickname ‘Magic‘, by which everyone has known him throughout his life, came about after a game in his high school days where he scored, no less, 36 points, grabbed 18 rebounds and dished out 16 assists. Quite a promise. As for his academic training, he entered Michigan State University and led his college team to win the National Collegiate Athletic Association championship.
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This is what Magic Johnson’s professional life has been like
However, in his second year of college he decided to leave to join the Los Angeles Lakers, the team where he ended up winning five NBA championships. He was also named the competition’s most valuable player on three occasions.
He also attended the 1992 Olympic Games in Barcelona with the United States basketball team. There he won the gold medal and, after announcing his return to professional basketball, he signed a new contract with the Lakers. Despite this, two months later he announced his retirement.
Magic Johnson’s current business dealings
After he retired as one of the best basketball players in history, Johnson did not want to stop increasing his fortune and, therefore, decided that it was time to continue growing professionally in other sectors. As a result, he can now boast several businesses that help him maintain the good standard of living to which he is accustomed.
In the mid-1990s, he decided to launch a business empire under the name ‘Magic Johnson Enterprises‘. Today it is valued at a total of one billion dollars. It owns ‘Magic Johnson Theatres‘, a movie studio, and a promotional marketing company. In addition, he also owned 105 Starbucks franchises which he sold in 2010 for 75 million dollars.
Taking all this into account and adding the income he generated throughout his career as a professional athlete, Johnson currently has a net worth that, according to sources, would be around 620 million dollars.