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
Age: 63
Born: August 14, 1959
Gender: Male
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

Season Team Lg 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
Season Team Lg Salary
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:

  • Starbucks
  • Burger King
  • Converse
  • 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:

  1. Average career assists-per-game: 11.2
  2. Most assists in Playoffs: 2,346
  3. Average assists-per-game in Playoffs: 12.4
  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:

  • Topgolf
  • Burger King
  • Starbucks
  • 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.
Eye Colour: Black
Hair Colour: Clean-Shaven
School: Everett (Lansing, Michigan)
College: Michigan State (1977–1979)
Religion: N/A
Nationality: American
Zodiac Sign: Leo
Gender: Male
Sexual Orientation: Straight
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.
Mother Christine Johnson
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

Instagram 3.1M Followers Click here
Facebook 4.4M Followers Click here
Twitter 5.3M Followers Click here
You tube 64 Subscribers Click here

Elena Eremina

Hi there! I am Elena, the curator of all the biography, Net worth content that you will be reading on this blog. What makes me relatable and credible is my experience and the will to make fashion and being a new mommy an incredible journey for you.

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