How Magic Johnson spent a staggering $1.2M per week on 42-day holiday with friends including MJ: report

Abu Mubarik January 11, 2024

Magic Johnson recently embarked on a luxurious 42-day holiday with his friends, including Michael Jordan, Samuel L. Jackson and Judge Greg Mathis. They went on a luxury yacht cruise, with Johnson spending around $1.25 million weekly for six weeks, according to Essentially Sports.

The former Charlotte Hornets owner and NBA Hall of Famer and his friends started their holiday in France and visited Italy, Greece, and Montenegro before ending the journey in Croatia.

Jordan spent $7.5 million on the six-week vacation with his friends and their spouses and even shared how the holidays went on Instagram. The group is said to have participated in day excursions and stayed in San Dominico Palace in Taormina and the Four Seasons Hotel in Sicily.

What is more, the yacht came with jacuzzis, a fitness room and wellness center, movie theaters, three swimming pools, a hair salon and a bar. It also had a 29-member crew.

“Tonight we enjoyed an incredible dinner at the world-famous Da Paolino Ristorante aka the lemon tree restaurant in Capri, Italy!” Johnson wrote. “AND I got to hang out with my great friend and the greatest basketball player to ever live, Michael Jordan, and his wife Yvette, Sam and LaTanya Jackson, Judge Greg and Linda Mathis, and John and Vicki Palmer.”

In October 2023, Johnson joined an elite club of billionaire athletes, according to a Forbes report. His new economic status followed a lucrative post-basketball career as an investor in professional sports teams, movie theaters, Starbucks cafes, and a health insurance provider, the magazine wrote. Forbes estimates Johnson’s net worth to be $1.2 billion.

It said his net worth is a result of his stakes in the WNBA’s Los Angeles Sparks, MLB’s Los Angeles Dodgers and the MLS’ LAFC. It is also due to his significant investments in a slate of industries, including a 60% stake in Iowa-based life insurance company EquiTrust, which he purchased in 2015.

Born Earvin Johnson Jr., Johnson is an NBA Hall of Famer who was first inducted in 2002 for his individual career, and again in 2010 as a member of the Dream Team. His illustrious career in the NBA spanned seventeen years, from 1979 to 1996.

First drafted in 1979, Johnson entered the league and played point guard for the Lakers for 13 seasons. His career achievements include three NBA MVP Awards, nine NBA Finals appearances, 12 All-Star games, and 10 All-NBA First and Second Team nominations.

While enjoying his career as an NBA player, Johnson had an eye for business. His desire to become a businessman when his basketball career ended made him build a connection with legendary super-agent Michael Ovitz to teach him how to be a successful businessman.

Since retiring from the NBA, he has made one business move after the other.

Last Edited by:Mildred Europa Taylor Updated: January 11, 2024


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