Magic Johnson Net Worth 2023; Contract, Endorsements, Lifestyle & Biography
Magic Johnson is a former basketball player from the United States of America. He was born on 14th August 1959 in Lansing. In his early life, he was a student at Everett High School, and from that time he used to play in the basketball team of his own school.
|Net Worth:||$620 Million|
|Born:||August 14, 1959|
|Height:||2.06 m (6 ft 9 in)|
|Country of Origin:||United States of America|
|Source of Wealth:||Professional NBA Player|
He led the basketball team of his school to the state-level championship at that time. After passing out from High School he got admission into Michigan State University. From his University life, he started to play basketball professionally and won the NCAA final in 1979.
Basically, Johnson’s career started that year. After that winning, he was officially hired by the Los Angeles Lakers. Except for the first win Magic Johnson has become a total 5 times NBA champion.
Magic Johnson Net Worth 2023:
Magic Johnson is the owner of $620 million U.S. dollars in 2023. Magic Johnson bought 5% share of his own team the Lakers for $10 million dollars in 1994 and sold that share in 2010 for $60 million dollars.
Besides this, he has established his own business organization which is called the Magic Johnson enterprise and the total price value of this company is around $1 billion dollars.
Magic Johnson is the owner of the largest part of his company. Besides his business property, Magic Johnson also has real estate properties in Beverly Hills and California.
Magic Johnson earning salary/ income:
Magic Johnson has earned around $14.66 million dollars for his average salary from NBA. At that time hie used to earn more than $1 million dollars in a month. After retiring from NBA Magic Johnson has established his own business organization and he now he earns around $50 million dollars revenue from his business. According to that he makes more than $4.16 million dollars per month.
Magic Johnson NBA Salary
|1979-80||Los Angeles Lakers||NBA||$460,000|
|1980-81||Los Angeles Lakers||NBA||$460,000|
|1981-82||Los Angeles Lakers||NBA||$460,000|
|1982-83||Los Angeles Lakers||NBA||$460,000|
|1983-84||Los Angeles Lakers||NBA||$460,000|
|1984-85||Los Angeles Lakers||NBA||$1,000,000|
|1985-86||Los Angeles Lakers||NBA||$2,500,000|
|1986-87||Los Angeles Lakers||NBA||$1,000,000|
|1987-88||Los Angeles Lakers||NBA||$2,500,000|
|1988-89||Los Angeles Lakers||NBA||$3,142,860|
|1989-90||Los Angeles Lakers||NBA||$1,000,000|
|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|
|1994-95||Los Angeles Lakers||NBA||$1,000,000|
|1995-96||Los Angeles Lakers||NBA||$1,000,000|
|1996-97||Los Angeles Lakers||NBA||$1,000,000|
|1997-98||Los Angeles Lakers||NBA||$1,000,000|
|1998-99||Los Angeles Lakers||NBA||$1,000,000|
|1999-00||Los Angeles Lakers||NBA||$1,000,000|
|2000-01||Los Angeles Lakers||NBA||$1,000,000|
|2001-02||Los Angeles Lakers||NBA||$1,000,000|
|2002-03||Los Angeles Lakers||NBA||$1,000,000|
|2003-04||Los Angeles Lakers||NBA||$1,000,000|
|2004-05||Los Angeles Lakers||NBA||$1,000,000|
|2005-06||Los Angeles Lakers||NBA||$1,000,000|
|2006-07||Los Angeles Lakers||NBA||$1,000,000|
|2007-08||Los Angeles Lakers||NBA||$1,000,000|
|2008-09||Los Angeles Lakers||NBA||$1,000,000|
|2009-10||Los Angeles Lakers||NBA||$1,000,000|
|Career||(may be incomplete)||$39,342,860|
Johnson make during his basketball career?
Since Magic is worth somewhere in the neighborhood of $620 million, it’s only natural to assume he made most of his fortune on the court. But that’s not the case. Magic only earned $39,342,860 from NBA salaries.
Magic Johnson Endorsements
Magic Johnson accepted endorsements from many top brands, including:
- Burger King
- 24 Hour Fitness
- AMC Theatres
How Magic Johnson has built his net worth:
The main source of Magic Johnson’s net worth is his basketball career which helped him to raise million dollars property. He used to earn over millions of dollar when he was a professional basketball player.
He has built a business organization with the money he made from his basketball career as a player. Now, in hisl $620 million dollars net worth, $600 million was made from his business. Except this he was paid for the contract he signed and this is another source of his net worth.
How many NBA records does Magic Johnson still hold?
Although retired, Magic still holds 36 NBA records, including these four career records:
- Average career assists-per-game: 11.2
- Most assists in Playoffs: 2,346
- Average assists-per-game in Playoffs: 12.4
- Most triple-doubles in Playoffs: 30
Johnson owns Magic Johnson Enterprises, a conglomerate of businesses with more than $700 million in estimated value.
Johnson owns Magic Johnson Enterprises and is a Multi-Millionaire. The company is involved in various sectors, it owns Los Angeles Dodgers and LAFC among its few acquirements in sports teams. Johnson’s company is breaking barriers in the sports world. The company owns stakes in many successful brands, including the LA Lakers, TGI Fridays, Sodexo, and Burger King.
What are some of the businesses and investments Magic Johnson has?
Under Magic Johnson Enterprises, the basketball star invests in many businesses. He has ownership in some well-known companies, including:
- Burger King
- LA Dodgers
- TGI Fridays
- LAFC of Major League Soccer
Magic Johnson Net Worth Growth
|Net Worth in 2023||$630 Million|
|Net Worth in 2022||$580 Million|
|Net Worth in 2021||$530 Million|
|Net Worth in 2020||$480 Million|
|Net Worth in 2019||$430 Million|
|Net Worth in 2018||$390 Million|
Magic Johnson: Cars
The most expensive car he owns is the Rolls-Royce Phantom Drophead Coupe. It is a rare one as only 237 of them has been sold worldwide. Similarly, Johnson drives a 2006 Lincoln Navigator worth $55,000, a Mercedes-Benz G63 for $147,500, and a Bentley Continental for $200,000.
Earvin has added Mercedes-Benz SL 500 Roadster for $113,500 and a Rolls-Royce WRAITH for $462,000 to his collections.
Magic Johnson profession:
Mainly Magic Johnson is known as a professional basketball player but as he is now retired from that profession so, he is called as a former basketball player.
Besides this he has other professional identities like he uses to host talk shows as a professional show host. He is also a professional basketball coach and a Television personality who is still active in his professional life.
Magic Johnson Biography Wiki:
|Real Name||Earvin “Magic” Johnson Jr.|
|Nick Name:||Magic Johnson|
|Birth Place:||Lansing, Michigan, United States|
|Date Of Birth/Birthday:||14 August 1959|
|Age/How Old:||63 years old|
|Height/How Tall:||In Centimetres – 206 cm
In Feet and Inches – 6′ 9″
|Weight:||In Kilograms – 100 kg
In Pounds – 220 lbs.
|School:||Everett (Lansing, Michigan)|
|College:||Michigan State (1977–1979)|
|Kids/Children Name:||EJ Johnson, Elisa Johnson, and Andre Johnson|
|Profession:||American former professional basketball player|
|Net Worth:||$630 Million|
Magic Johnson Relationship & More
|Spouse||Cookie Johnson (m. 1991)|
|Children||EJ Johnson, Elisa Johnson, and Andre Johnson|
|Father||Ervin Johnson Sr.|
|Siblings||Pearl, Quincy, Larry, Lois, Yvonne, Kim Evelyn, Mary, and Michael Johnson|
Magic Johnson Quotes
“All kids need is a little help, a little hope, and somebody who believes in them.”
“When you face a crisis, you know who your true friends are.”
“If you’re a competitive person, that stays with you. You don’t stop. You always look over your shoulder.”
Magic Johnson Social Media Accounts
|3.1M Followers||Click here|
|4.4M Followers||Click here|
|5.3M Followers||Click here|
|You tube||64 Subscribers||Click here|