- MJ Enterprises is founded. Johnson is chairman and CEO.
1988 - Johnson's fifth NBA championship is the Lakers second championship win in two years, a 4-3 win over the Detroit Pistons.
November 7, 1991 - In a nationally televised press conference Johnson announces he is HIV positive and is retiring from the Lakers effective immediately.
November 1991 - Establishes the Magic Johnson Foundation which "works to develop programs and support community-based organizations that address the educational, health and social needs of ethnically diverse, urban communities."
February 9, 1992 - Voted to the NBA All-Star game for the Western Conference by fans even though he had not played in a game that season. Is named MVP, with 25 points, three three-pointers, nine assists and five rebounds; the West beats the East 153-113.
February 16, 1992 - The Lakers officially retire his number 32 jersey.
August 8, 1992 - The U.S. Olympic basketball "Dream Team," the first U.S. Olympic team to include NBA players, wins the gold medal, beating Croatia 117-85 in the final game.
September 29, 1992 - Announces he will come out of retirement and play in the 1992-1993 season for the Lakers.
November 2, 1992 - Announces he is again retiring from basketball, due to the many NBA players voicing concern over possible health risks associated with such a high contact sport and Magic's HIV status.
November 3, 1992 - He autobiography, "My Life" is published.
March 23, 1993-April 24, 1994 - Head coach of the Lakers.
June 27, 1994 - Becomes 5% owner and vice president of the Lakers.
January 30, 1996 - Returns to NBA regular-season games for the Lakers. In his first game, the Lakers defeat the Golden State Warriors 128-118. NBA rules prohibit players from owning a team. Prior to his return, Johnson sells his interest in the team.
May 14, 1996 - Third, and final, NBA retirement, "I am going out on my terms..."
September 27, 2002 - Is inducted into the Naismith Memorial Basketball Hall of Fame in Springfield, Massachusetts. Larry Bird introduces him.
November 4, 2009 - "When the Game Was Ours", a book co-authored by Johnson and Larry Bird, is released.
March 2012 - Along with the Guggenheim Partners, Johnson wins a bidding war to buy the Los Angeles Dodgers for $2.15 billion.
April 11-May 12, 2012 - The play "Magic/Bird," the story of the rivalry and friendship of Johnson and Bird, is performed on Broadway.
June 2012 - Launches a new cable television network, Aspire.