How does Magic Johonson have a networth of 500 million. wants to own 2 LA franchises

[kennethgriffin]

where did all that money come from?

even with investors helping. i dont know how he can afford it

in his entire NBA career he only made maybe 25 million

1985-86 Los Angeles Lakers NBA $2,500,000
1987-88 Los Angeles Lakers NBA $2,500,000
1988-89 Los Angeles Lakers NBA $3,142,860
1990-91 Los Angeles Lakers NBA $2,400,000
1991-92 Los Angeles Lakers NBA $2,500,000
1992-93 Los Angeles Lakers NBA $2,500,000
1993-94 Los Angeles Lakers NBA $2,500,000
Career (may be incomplete) $18,042,860

missing 80-84 and 95 so probly added another 6 mill



i never see him in commercials.. not since this

http://www.youtube.com/watch?v=wYo-cszbFc8


so him working for espn the last 5 years and owning 4.5% of the lakers has made him 475 million dollars?

thats the only explination. where'd his money come from?

at most the inflation of his salary from the 80's might have been bumped up to 80 million

and in the time since then he should have spent every dime


are we to believe this man is a half billion dollar investment profiteer ?

[TheReal Kendall]

Trap money?

[KirbyPls]

At one point he owned a very successful chain of movie theaters and made a killing with it.

[RR#9]

Johnson runs Magic Johnson Enterprises, a company that has a net worth of $700 million;[7] its subsidiaries include Magic Johnson Productions, a promotional company; Magic Johnson Theaters, a nationwide chain of movie theaters; and Magic Johnson Entertainment, a movie studio.[130] 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.[131] In 2006 Johnson created a contract food service with Sodexo USA called Sodexo-Magic.[132][133]

+ some other business ventures

[moe94]

You're asking the tough questions, kenneth. You're through the looking glass.

[Akrazotile]

When he got AIDS he bet a bunch of people at 1000:1 odds hed be cured, and now hes collectin.

[BigBoss]

Magic Johnson Enterprises

[Artillery]

Donations from gay rights interest groups

[russwest0]

does he have a foundation for finding an aids cure?

if so, then probably that.

[SilkkTheShocker]

does he have a foundation for finding an aids cure?

if so, then probably that.

Their is no cure to AIDS. The government isn't in a rush to cure it no matter what anyone believes.

[russwest0]

Their is no cure to AIDS. The government isn't in a rush to cure it no matter what anyone believes.

won't stop sheep from donating an assload of money to help the "cause"

[Smook A.]

He has business friends who work with him. If he buys the LA Clippers it won't only be from his money but also his friends. They would all budge in to buy the team.

[SilkkTheShocker]

won't stop sheep from donating an assload of money to help the "cause"

I agree with you here. AIDS donations are an absolute joke. What is the rush to cure an extremely preventable disease if you have even an ounce of responsibility. Lets cure HIV/AIDS so prostitution, drug use (needles), etc can all skyrocket

[TheReal Kendall]

Their is no cure to AIDS. The government isn't in a rush to cure it no matter what anyone believes.

So how do you explain Magic being so healthy?

[kamil]

Their is no cure to AIDS. The government isn't in a rush to cure it no matter what anyone believes.

I didn't know politicians spent their time in research facilities wearing lab coats.