Born on August 14, 1959, Earvin “Magic” Johnson Jr. is a former American retired basketball player and the former president of basketball operations of the Los Angeles Lakers who play in the National Basketball Association (NBA). He is also a successful entrepreneur, philanthropist, broadcaster, and motivational speaker. He was the first overall pick of the Los Angeles Lakers in the 1979 NBA Draft, and he spent a total of 13 seasons with the Lakers and won five NBA championships with them. In his entire career, he has scored 17,707 points and recorded 10,141 assists, 6,559 rebounds, and 1,824 steals. In this article let’s learn more about Magic Johnson Net worth, Salary, Endorsements, Charity work, and more.
Magic Johnson Net Worth
The Former LA Lakers guard has a Net worth of $620 million. In his 29 years in the NBA, he has collected a total salary of $39.3 million, including executive and contract responsibilities. He has a good deal of wealth via his stakes in the wildly successful MLB team LA Dodgers, and he makes a nice wage as the Lakers’ President of Basketball Operations. Read more: James Brown Net Worth 2024, Salary, Sponsorships, and Houses
Magic Johnson Salary
Magic Johnson earned a total of $39.3 million from his NBA Contracts which included a 25-year $25 million contract. His fortune was made through savvy investing. He also earned a significant amount during his reign as head of basketball operations of the Lakers.
Magic Johnson Endorsements
The 5 times NBA Champion of the Los Angeles Lakers had links with AMC Theatres, 24-Hour Fitness, T.G.I. Fridays, and Starbucks. He reportedly owned 105 Starbucks locations and a 4.5% ownership position in the Los Angeles Lakers. However, he reportedly sold both of them for $100 million. Johnson earns $22 million annually and is ranked fifth on Forbes’ list of the highest-paid athletes. Also read: Jalen Brunson Net worth 2024, NBA Salary, Sponsorships, Cars collection, Etc.
Magic Johnson’s Other Sources of Income
Magic Johnson is also appointed as the Lakers’ President of Basketball Operations from where he earns a respectable income. Apart from this, he owns the American investment company The Magic Johnson Enterprises and the Enterprises has consistently invested ownership in a variety of successful businesses all through the years, including the Los Angeles Lakers, American movie theaters, and restaurants. Also read: Jordan Clarkson Net Worth 2024, NBA Salary, Endorsements, and Properties
Magic Johnson’s House
The Hall of Famer owns a residence in Beverly Hills in the gated section known as Beverly Park. He also owns a Tuscan-style beach house in Dana Point in Orange County, California. Magic and his wife used to own a house in Napili, Hawaii, but it was too far to get to when their children were growing up so they swapped it for the beach house located about 75 miles south of Beverly Hills.
Magic Johnson’s Car
The two-time NBA champion and multiple times NBA All-star has a collection of Ferrari and BMW cars, in addition to he also has a private plane and a house in Beverly Hills.
Magic Johnson’s Charity Work
Magic Johnson started the Magic Johnson Foundation in 1991 which develops, programs, and supports community-based organizations that address the educational, health, and social needs of ethnically diverse, urban communities. Eliminating negative cultural barriers, Advancing economic and social equality by engaging minorities in every aspect of their communities, and Increasing academic and innovative achievement. Raising AIDS/HIV awareness, treatment and prevention, and Creating positive emerging leaders are some things they aim to do.
FAQ about Magic Johnson Net worth
Q. What is Magic Johnson Net worth in 2024?
Ans. The Former LA Lakers guard has a Net worth of $620 million. In his 29 years in the NBA, he has collected a total salary of $39.3 million, including executive and contract responsibilities.
Q. When did Magic Johnson retire?
Ans. During a press conference in November 1991, Jonhson made a statement that he has tested positive for HIV and will be retiring soon after this 1991-92 NBA season.
Q. How many rings does Magic Johnson have?
Ans. In 1980, 1982, 1985, 1987, and 1988, he won five championships with the Los Angeles Lakers.
Q. What is Magic Johnson’s height?
Ans. Magic Johnson was reported as 6’9″ (2.06m) tall and weighs about 100 kg (220lb) and he plays the position of a point guard.
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