HIV announcement and Olympics (1991–1992) In a press conference held on November 7, 1991, Johnson made a public announcement that he would retire immediately. He stated that his wife, Cookie, and their unborn child did not have HIV, and that he would dedicate his life to "battle this deadly disease".

1991 On November 7, 1991, Johnson shocked the basketball world - and made headlines around the globe - when he announced that he was HIV-positive and was immediately retiring from the sport.

Magic Johnson's net worth in 2023: $620 million Johnson enjoyed a successful career on the court, but he has also flourished in many fruitful endeavors off the hardwood. As of 2023, the 61-year-old entrepreneur is worth somewhere in the neighborhood of $620 million, but how did the Lakers icon get to this point?

Jeanie Marie Buss Jeanie Marie Buss (born September 26, 1961) is an American sports executive who is the controlling owner and president of the Los Angeles Lakers of the National Basketball Association (NBA), and co-owner and promoter of the U.S. women's professional wrestling promotion Women of Wrestling.

On Jan. 30, 1996, Magic Johnson returned to NBA regular-season action with a classic display of his all-around skills, ending a four-year retirement following his positive HIV test.

On Nov. 7, 1991, Earvin “Magic” Johnson retired for the first time after announcing that he had contracted HIV. Johnson was still in his prime, coming off a season where he was an All-Star for the 11th time and led the Los Angeles Lakers to the finals where they lost to Michael Jordan and the Chicago Bulls.

Bill Russell Bill Russell holds the record for most NBA rings with 11. Here is a list of NBA players with six titles or more: Bill Russell (11 championships) Sam Jones (10)

Michael Jordan Is the Richest Basketball Player Ever With $3.5 Billion Fortune

• Michael Jordan watches during a Charlotte Hornets game. Photographer: Streeter Lecka/Getty Images.
• Kobe Bryant and Michael Jordan in 1997. Photographer: Vincent Laforet/AFP.
• Michael Jordan in 2007. Photographer: Scott Halleran/Getty Images.

Top 11 Richest NBA Players In The World: Net Worth, Career and...

1. Michael Jordan | $2.2 Billion.
2. LeBron James | $ 1 billion.
3. Magic Johnson | $620 Million.
4. Junior Bridgeman | $600 Million.
5. Vinnie Johnson | $420 Million.
6. Shaquille O'Neal | $400 Million.
7. Hakeem Olajuwon | $300 Million.
8. Grant Hill | $250 Million.

The Laker legend sold his stake in the team in 2010, and the franchise is now worth nearly $6 billion per Forbes. After selling his stake in the Lakers, Johnson invested $50 million in 2012 for a 2.3% ownership stake in the Dodgers.

($5.9 billion) The Knicks and Lakers are still doing well, however. The top five consist of New York ($6.1 billion), L.A. ($5.9 billion), the Chicago Bulls ($4.1 billion) and the Boston Celtics ($4 billion). The Knicks had finished No.

Magic Johnson, 1989 But early in the series, the heart and soul of the team, Magic Johnson, injured his hamstring and was forced out. The Pistons went on to sweep the Lakers in the first of back-to-back titles. Had Magic not gone down, would history have seen things differently?