Magic Johnson Net Worth

Magic Johnson Net Worth

How much is Magic Johnson net worth :

  • Full Name: Earvin Johnson Jr.
  • Net Worth: $500 Million
  • Occupation: Professional basketball player, host, actor, businessman
  • Marital Status: Married to Earlitha Kelly
  • Ethnicity: Black

Magic Johnson Net Worth – Richest Basketball Player Of All Time

Magic Johnson net worth is worth millions of dollars. Most of it is attributable to his basketball career, which has made him a popular name both in the mainstream media and social media. Born in 1955, he as managed to break the stereotypes, which are attached to Blacks and today, he is one of the richest black americans. He retired from NBA in 1991 and from then to date, he has engaged himself in business ventures, acting and offered counseling services for people living with AIDs. To inderstand just how much Magic Johnson is worth, you  cannot miss to mention his tenure in the NBA.

Backbone Of Magic Johnson Wealth

Magic Johnson PicturesHe was born and raised in Lansing, Michigan. At a tender age, he felt inspired by Earl Monroe, who was his idol in basketball. This made him to enter into the basketball team of Everett high school, later when he joined. When he was just 15, he was nicknamed “Magic” for scoring amicably, a triple double with 18 rebounds, 36 points and 16 assists.

He did not stop at high school, but continued with his talent all the way to college. Here he worked hard and was able to lead his team in Michigan State University in the finals of NCAA. During this time, he faced his rival Larry Bird, who was also a good friend but played for the Indiana State University. While at this time, Magic Johnson had not started reaping from his talent, he was labeled “Most Outstanding Player of the Final Four”.

However, his financial status was about to change drastically. What is net worth of Magic Johnson? It all started when he was taking rookie season in NBA. This was between 1979 and 1980. He made history, by becoming the only rookie to have ever won the NBA MVP award for the finals. He also took home the title of one of the four players, who had won the NCAA and NBA in subsequent years.

Magic Johnson PhotosThis was just a starting of more new things to come. Later in 1981, he signed a contract worth $25 million for 25years, with Lakers. This compounded his net worth significantly. From 1979 to 1991, his career shot up fast and he got many awards. Some of them included NBA assists leader, NBA steals leader, NBA Finals MVP, NBA All-Rookie First Team, NBA champion, NBA most valuable player and All-NBA first team. All the aforementioned, came with an attached cash reward meaning that, Magic Johnson, reaped large from his career as professional basketball player.

Besides, his net worth, increased when people from all over the world began to recognize him. In 1996, he was nominated as one of the 50 Greatest Players in NBA History. His name also found its way into list of Basketball Hall of Fame back in 2002. Later in 2010, he was named as one of the top players of Dream Team.

In 2007, he was given yet another honor, by the ESPN as the NBA point guard. After taking all the listed awards, his net worth kept increasing, which made him to be the richest basketball of all time. He even has a slot, in the list of the 10 richest world athletes. How much is Magic Johnson worth? You can only estimate, owing to his vast achievements.

Outside The Basketball Court

Magic Johnson PhotosIn 1991, he resigned after he realized he was HIV positive. He was even scared that he would lose, his love. However, Magic Johnson wife did not leave but she remained strong beside her husband, since she was not infected herself. This may be the reason, why Magic decided to pick his peaces and enjoy life.

Since, his resignation from the NBA, he invested his time and resources to provide counseling and advocacy to people who have AIDs and those living with the patients. He also took into business, where he started several investments. He was often seen in TVs and in various conferences, where he was called to deliver motivational talks. His Magic Johnson Enterprises stands at $ one billion today.

As you can see, Magic Johnson is not an ordinary player. Even after resigning way back in 1991 and his battle against AIDs, he is still among the richest celebrities in the world and the wealthiest among Black Americans. His name is still being echoed in media and basketball fans.

Magic Johnson Body Statistics:

  • Measurements : Not KnownMagic Johnson Body Statistics Measurements
  • Height: 6’9”
  • Weight: 255 pounds
  • Shoe Size:5
  • Hair Color: Black
  • Eye Color: Brown