Celebrity net worth

Magic Johnson’s Net Worth in 2022

Magic Johnson’s net worth in 2022 is estimated to be around $650 million. Despite his playing career, his net wealth has risen in many ways, from business investments to real estate. He bought 100 Starbucks franchises for $26 million and sold them for $32 million. In addition to owning a handful of NBA teams, Magic Johnson has also acted as a broadcaster for ESPN and NBC TNT.

Despite being a basketball legend, Magic Johnson has been involved in business for many years. His companies are valued at over $1 billion, and he has made several charitable contributions. For example, he was part owner of the Los Angeles Lakers and owned 105 Starbucks outlets before selling them for $100 million. He has also been involved in LA sports, having purchased a stake in the LA Dodgers baseball team and the LA Sparks WNBA team for a combined $150 million. In addition to these businesses, he owns two Beverly Hills homes, one in the gated Beverly Park neighborhood and one in Dana Point, California.

In 1991, Johnson announced his HIV status. The news shocked many, but it did not stop him from making money. Since then, he has been involved in numerous business ventures. He purchased a stake in the Los Angeles Lakers for $10 million and has invested in the Dodgers and Sparks. Despite his lack of sports experience, he has built a business empire that is expected to be worth hundreds of millions of dollars.