Introducing Earvin ‘Magic’ Johnson Sport’s Greatest Businessman

Magic Johnson

Magic Johnson

Introducing Earvin ‘Magic’ Johnson Sport’s Greatest Businessman(Interview Above)

EarvinMagicJohnson Jr. was born on August 14, 1959 (Leo Fire Sign) is an American retired professional basketball player and current president of basketball operations of the Los Angeles Lakers of the National Basketball Association (NBA). He played point guard for the Lakers for 13 seasons. After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA draft by the Lakers.

He won a championship and an NBA Finals Most Valuable Player Award in his rookie season, and won four more championships with the Lakers during the 1980s. Johnson retired abruptly in 1991 after announcing that he had contracted HIV, but returned to play in the 1992 All-Star Game, winning the All-Star MVP Award. After protests from his fellow players, he retired again for four years, but returned in 1996, at age 36, to play 32 games for the Lakers before retiring for the third and final time.

Humble Begginings

Earvin Johnson Jr. was born in Lansing, Michigan, to Earvin Sr., a General Motors assembly worker, and Christine, a school custodian. Johnson, who had six siblings, was influenced by his parents’ strong work ethic. Johnson’s mother spent many hours after work each night cleaning their home and preparing the next day’s meals, while his father did janitorial work at a used car lot and collected garbage, all while never missing a day at General Motors. Earvin Jr. would often help his father on the garbage route, and he was teased by neighborhood children who called him “Garbage Man.”

Johnson grew up in Lansing, and came to love basketball as a youngster. His favorite basketball player was Bill Russell, whom he admired more for his many championships than his athletic ability. He also idolized players such as Earl Monroe and Marques Haynes, and practiced “all day.” Magic Johnson came from an athletic family. His father played high school basketball in his home state of Mississippi, and Johnson learned the finer points about the game from him. Johnson’s mother, originally from North Carolina, had also played basketball as a child, and she grew up watching her brothers play the game.

Powerful NBA Career

Johnson was drafted first overall in 1979 by the Los Angeles Lakers. Johnson said that what was “most amazing” about joining the Lakers was the chance to play alongside Kareem Abdul-Jabbar, the team’s 7 ft 2 in (2.18 m) center who became the leading scorer in NBA history. Despite Abdul-Jabbar’s dominance, he had failed to win a championship with the Lakers, and Johnson was expected to help them achieve that goal. Johnson averaged 18.0 points, 7.7 rebounds, and 7.3 assists per game for the season, was selected to the NBA All-Rookie Team, and was named an NBA All-Star Game starter. He went on to play for the Lakers his whole career until he finally retired in 1997.

Post NBA Career & Business Ventures

In 1998, Johnson hosted a late night talk show on the Fox network called The Magic Hour, but the show was canceled after two months because of low ratings. Shortly after the cancellation of his talk show, Magic Johnson started a record label. The label, initially called Magic 32 Records, was renamed Magic Johnson Music when Johnson signed a joint venture with MCA in 2000.

Magic Johnson Music signed R&B artist Avant as its first act. Johnson also co-promoted Janet Jackson’s Velvet Rope Tour through his company Magicworks. He has also worked as a motivational speaker and was an NBA commentator for Turner Network Television for seven years, before becoming a studio analyst for ESPN’s NBA Countdown in 2008.

Johnson runs Magic Johnson Enterprises, a conglomerate company that has a net worth of $700 million; its subsidiaries include Magic Johnson Productions, a promotional company; Magic Johnson Theaters, a nationwide chain of movie theaters; and Magic Johnson Entertainment, a film studio. In addition to these business ventures, Johnson has also created the Magic Card, a pre-paid MasterCard aimed at helping low-income people save money and participate in electronic commerce.

In 2006, Johnson created a contract food service with Sodexo USA called Sodexo-Magic. In 2004, Johnson and his partner Ken Lombard, sold Magic Johnson Theaters to Loews Cineplex Entertainment in 2004. The first Magic Johnson Theater located in the Baldwin Hills Crenshaw Plaza, closed in 2010 and re-opened in 2011 as Rave Cinema 1. He also partnered up with Starbucks to help expand their franchises.

Los Angeles Dodgers

In January 2012, Johnson joined with Guggenheim Partners and Stan Kasten in a bid for ownership of the Los Angeles Dodgers baseball team. In March 2012, Johnson’s ownership group was announced as the winner of the proceedings to buy the Dodgers. The Johnson-led group, which also includes movie executive Peter Guber, paid $2 billion for the Dodgers, the largest amount paid for a professional sports team.

While Magic Johnson is considered the leader of the ownership group, the controlling owner is Mark Walter, chief executive officer for Guggenheim Partners. Peter Guber, who is co-owner of the Golden State Warriors, owns a small stake in the Dodgers along with Johnson. Johnson and Guber were also partners in the Dayton Dragons, a minor league baseball team that has sold out 844 consecutive games, a record for professional sports. Johnson and Guber sold their stake in the team in 2014.

Magic’s Personal life

Johnson first fathered a son in 1981, when Andre Johnson was born to Melissa Mitchell. Although Andre was raised by his mother, he visited Johnson each summer, and as of October 2005 was working for Magic Johnson Enterprises as a marketing director. In 1991, Johnson married Earlitha “Cookie” Kelly in a small wedding in Lansing which included guests Thomas, Aguirre, and Herb Williams. Johnson and Cookie have one son, Earvin III (EJ), who is openly gay and a star on the reality show Rich Kids of Beverly Hills. The couple adopted a daughter, Elisa, in 1995. Johnson resides in Dana Point, California.

Johnson is a Christian and has said his faith is “the most important thing” in his life.

In conclusion Magic Johnson is a true legend on and off the courts. He created a strong foundation for the lebron’s, Shaq’s and countless others to follow his lead. As of 2017 his net worth is around 700 Million USD

Official Website: magicjohnson.com

Original Bio Source: Magic_Johnson

Bonus “Bloomberg” Documentary

 

 

Keith J. Leigh

Keith J. Leigh is a spiritual advisor, philosopher, business owner, family man, author, and primal leader who contributes to greatness by sharing years of powerful experience and advance knowledge with the world. He's been in the E-Commerce, Entertainment, Technology, Real Estate and Mortgage Industries for over 15 years who specializes in business and family dynasty building. This author would like to remain mostly mysterious as power last longer behind the scenes. Magnate Lifestyle isn't your average website. Magnate: A person of rank, power, influence, or distinction often in a specified area. A “Business Magnate” (formally industrialist) refers to an entrepreneur of great influence, importance, or standing in a particular enterprise or field of business.

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