The American former professional NBA’s point guard player, Magic Johnson, has an astounding net worth of $600 million.
Perhaps, he is regarded as one of the best point guards ever seen by the world who dedicated his playing career to the NBA franchise, the Los Angeles Lakers.
Further, Magic played 13 seasons with Los Angeles Lakers as their point guard with jersey number 32 on his back.
Moreover, The NBA legend Magic Johnson was born by the name Earvin Magic Johnson Jr.
Not to mention, Magic Johnson also enjoyed Swedish Basketball League (SBL) with Magic M7 Brodas for few matches in the late 1990s.
No other NBA professional has won as much as Magic Johnson did in his playing career.
Furthermore, Magic Johnson is a twelve times NBA All-Star, three times NBA Finals MVP, nine times All-NBA First Team and whatnot.
On top of that, the legendary point guard is five times NBA champion and three times NBA Most Valuable Player, NCAA Champion as well.
Furthermore, Magic Johnson is renowned for his trailblazing defensive tricks and is regarded as the greatest defensive player and guard of all-time in NBA history.
In Addition, he has also represented the United States of America for the Men’s Basketball team in Olympics 1992, Barcelona, Spain, and FIBA America Championships in the same year.
Nonetheless, Magic Johnson worked his magic and led his team to crush score wins to achieve a gold medal for the United States of Nations in both tournaments.
This may surprise many that the Lakers legend even managed the Los Angeles Lakers for the 1994-95 NBA season.
In fact, he also has a Hollywood Walk of Fame sate along with the Grammy Awards for Best Spoken Word Album in 1993
To conclude, Earvin Magic Johnson Jr., aka Magic Johnson, has been inducted in the NBA Hall of fame and was also executive basketball operations of the Los Angeles Lakers of the National Basketball Association (NBA)
Let’s check out some facts about the former NBA professional player Magic Johnson
|Earvin Johnson Jr.
|Magic, John, Buck, E.J., the Deejay, Tragic
|Lansing, Michigan, United States
|Date of Birth
|August 14, 1959
|64 Years Old
|Beverly Hills, Los Angeles, California
|6 ft 9 inch (2.06 m)
|100 kgs (220 lbs)
|Body Mass Index (BMI)
|Earvin Johnson Sr.
|6 siblings and 3 half-siblings
|Earlitha “Cookie” Kelly Johnson (m. 1991 – present)
|3 (Andre Johnson, Earvin III Johnson, Elisa Johnson (Adopted))
|Former NBA Player, Retired Basketball Coach, Businessman, Philanthropist, Executive Producer
|Point Guard, Power Forward, and Shooting Guard
|Everett High School (Lansing, Michigan)
|Michigan State University (1977–1979)
|Playing Tennis, Reading books, Playing Video Games, Golf, Watching Sports
|1979 / Round: 1 / Pick: 1st overall
|Los Angeles Lakers (1979 to 1991)
|Los Angeles Lakers
|Magic Johnson Foundation, Magic Johnson Enterprises, Retired NBA player
|32 (Los Angeles Lakers) & 33 (Michigan State Spartans)
|NBA Hall of Fame Induction Year
|Funko POP, NBA Jersey
|Instagram, Twitter, Facebook
Magic Johnson | Net Worth & Income
During his playing career, Magic Johnson was one of the highest-paid athletes in the NBA Roaster, with a net worth of $600 million.
Further, Magic Johnson is an NBA legend and has gained an outrageous brand deal with an amusing personality and career.
Not to mention, the legendary point guard earns millions of dollars from his lucrative sponsorships and endorsement deals.
Even if we overlook Johnson’s pay from additional sponsorships and endorsement, the Lakers legend earns handsomely from his loyalty.
Moreover, the entry-level NBA contract of Magic Johnson was of 5 years worth $2.3 million with the Los Angeles Lakers.
In addition, this figure might seem low; however, this contract deal was in 1979 when players with even $1 million contracts were gems and rare.
Additionally, he would earn an average salary of about 460,000 and made extra cash for winning the NBA championship.
Subsequently, the shooting guard signed a whopping 25 years contract extension with Los Angeles Lakers in 1984.
As a matter of fact, this contract was worth $1 million average salaries is one of the longest contracts in NBA history.
Evidently, this contract extension with LA Lakers includes his base earnings of $1.2 million per year.
Besides, the Lakers also paid handsomely whilst Magic Johnson became the head coach of LA Lakers for a season back in 1994 season.
Meanwhile, he earns through different royalty paychecks from NBA as well as from other companies.
On top of that, the legendary basketball player Magic Johnson has commenced his own conglomerate group called Magic Johnson Entertainment.
Net Worth of Magic Johnson in Different Currencies
Let’s check out the former Los Angeles point guard Earvin “Magic” Johnson’s net worth in numerous currencies, including BitCoin.
Magic Johnson | Lifestyle & Vacations
Since he was a youngster, Magic Johnson was a fervid basketball lover and was born into a family with a strong work ethic.
Earvin Johnson Sr., his father, was a poor man who worked as a janitor and garbage for a living and to feed his family of 8.
Similarly, his mother, Christine Johnson, was also a housemaker and a housemaid of several houses in the neighborhood.
Further, Earvin Magic Johnson Jr. was born in a small town called Lansing in Michigan State, United States.
With a chip on his shoulder, Magic Johnson became concerned about making his career in basketball and trained hard along with his brothers.
Not to mention, Johnson Jr. was the fifth child of Earvin and Christine, and Magic Johnson has six siblings, out of whom three were his older brother.
Throughout Magic Johnson’s high school career in Everett High School, he was mocked as a son of a sanitation worker and bullied by his fellow schoolmate.
However, these derogatory attitudes of his friends did not affect Johnson’s mind as well as his performances.
Not to mention, he was ranked number one in the high school basketball player’s list in Michigan State.
Unfortunately, Johnson had to go through lots of racism, thick and thins before establishing himself as the best high school player.
Besides, his high school, Everett High School, was predominantly white children and was mean to black students.
Nevertheless, NBA legend Magic Johnson was the leader of the black children studying in Everett back in the day.
Evidently, Magic Johnson has always been a devoted Christian since his childhood and praises the Lord every day for what he has achieved in life.
Diet & Exercises
Furthermore, coming on to the diet plan of the 64 Years Old is quite simple and light, keeping him fit as a fiddle.
As a matter of fact, he avoids oily, spicy foods and consumes healthy foods such as fruits, whole grains, nuts and almonds, and loads of vegetables.
Other than that, The Hall of Famer Magic Johnson’s favorite fish has been chicken breast, salmon, and boiled eggs for ages.
Meanwhile, Magic Johnson is currently enjoying his 60s with his wife, Earlitha “Cookie” Kelly Johnson, and their children.
To sum up, the NBA legend is living a luxurious life with his family in their lavishing mansion residing in Beverly Hills, California.
Magic Johnson Jones, an NBA legend, currently lives a lavish lifestyle and frequently travels to different countries for vacations.
Furthermore, Magic Johnson, the legendary point guard for the Los Angeles Lakers, spends most of his vacation time with his wife, Cookie Johnson.
Not to mention, Magic Johnson and Cookie took a romantic trip to Hawaii during their vacation when they had a vacation home in Hawaii.
Johnson, a 13-time NBA All-Star, chartered a 241-foot ship yacht called Siren for around $700,000 per week in 2017.
Similarly, Johnson and his wife Cookie enjoy going on trips with their friends and relatives. Despite spending $1 million per week, NBA legend Magic Johnson does not take a seven-day vacation.
In fact, he announced that he would be spending approximately five weeks aboard the luxury yacht and shared a fun photo taken during dinner.
Johnson’s most recent yacht vacation in Croatia with his wife Kelly was their most luxurious to date.
Magic Johnson | Holiday Houses & Cars
With a net worth of $600 million, the NBA legend Magic Johnson has bought a slew of real estate in different locations.
House in Beverly Hills
The NBA legend Magic Johnson lives in stunning mansions residing in Beverly Hills, Los Angeles, California.
Further, Magic Johnson purchased this mansion for around $8.9 million in 2015
As a matter of fact, this amazing mansion sits on two and a half acres and has ten bedrooms, seven baths, and three powder rooms.
Not to mention, This mansion has features such as home theatre, tennis court, high ceilings, indoor trampoline,
Besides, it has a spacious backyard with an opulent swimming pool and also has indoor jacuzzis.
House in Dana Point, California
In addition to luxury mansion ins Beverly Hills, Magic Johnson has purchased a beach house about 75 miles away from his current abode.
Furthermore, this beach house is located in Dana Point, California, and it is a two-story house.
Not to add that this beautiful home has four bedrooms and four baths.
Moreover, the Johnson family often visits this house during their holidays to sit and relax as it has some of the comfy offerings.
Subsequently, this abodes features a two-story cinema area, a basketball and tennis court, exquisite view of the beach.
Additionally, it has a tremendous aquarium alongside the bar area and indoor as well as outdoor luxury swimming pool.
Most surprisingly, this residence has a two-lane bowling alley, an indoor basketball court, along rock football.
As a matter of, he bought this luxury residence after selling his holiday house located in Hawaii.
House in New York
Before moving to Beverly Hills, the point guard Magic Johnson had a luxury mansion in New York.
Furthermore, it was a two-story house which he reportedly sold for 5 million in 2017, making a profit of 2.3 million.
Nonetheless, this gorgeous home has seven bedrooms, eight baths, and three powder rooms.
Meanwhile, this luxury mansion in New York is surrounded by big trees and has a tennis court, jacuzzi, backyard with pool, and barbeque area.
with an astounding net worth of $600million, any human would love to have an insane car collection to showcase
Likewise, the NBA legend Magic Johnson has also bought many luxurious cars and outrageous car collections.
Not to mention, he is a huge fan of luxury SUVs in consideration of his size and prefers it over modern generations’ fancy and sports cars.
2006 Lincoln Navigator
First and foremost, he owns a stunning SUV, Lincoln Navigator, in his garage that he bought in 2066.
Furthermore, the price of this SUV commence in a market at the price of $55,00 and may rise up to $78000.
Not to mention, it is indeed one of the best SUVs and is boasted with a V8 engine that generates a horsepower of 300 hp at the rate of 5000 rpm.
In addition to Lincoln Navigator, NBA legend Johnson also owns a couple of Rolls Royce automobiles.
First of all, he possesses the Rolls Royce Phantom Drop Head Coupe model.
Besides, this phantom coupe is one of the most expensive automobiles with an outrageous price of $485,000.
This luxury grand tourer SUV is powered by a V12 engine is amongst the swift SUV with a top speed of 240 kmph.
In addition, the NBA Hall of Famer has a Rolls Royce Wraith Model that has a whopping base price of $460,000
Like the Dead Coupe model, Rolls Royce Wraith is also equipped with a V12 engine; however, the latter is faster with a top speed of 250 kmph.
Furthermore, Earvin “Magic” Johnson owns a stunning Bentley Continental.
Further to that, the price of this SUV begins in the market at $200,000 and may continue to climb depending on the customer’s desired build.
Not to note, it is one of the finest SUVs, boasting a twin-turbo V8 engine that actually creates 285 hp at 4600 rotation per min.
The NBA legend Johnson is a huge fan of Mercedes-Benz automobiles and owns a few of them.
Firstly, he owns a Mercedes-Benz AMG G63; furthermore, it is one of the most costly automobiles, costing an exorbitant $147,500.
In fact, this luxury sedan is energized by a twin-turbocharged 4.0-liter V-8 engine that is ideal for long and off-road excursions.
In addition, the NBA Hall of Famer owns a Mercedes Benz SL 500 Roadster Model, which has a starting price of $113,500.
The Rolls Royce Wraith, like the G63, is powered by a 1.9-liter four-cylinder inline V8 engine.
To sum it up, SL 500 Roadster can hit the top speed of 255 kph (185 mph ) has an acceleration of 0 to 100 kmph (0 to 60 mph) in just 5.1 seconds.
Magic Johnson | Investment, Endorsement
The NBA legend Magic Johnson has made some mesmerizing investments to enhance his fortune.
Further, Magic Johnson has founded an organization called Magic Johnson Enterprises in the early 2000s
Not to mention, he has invested in an American multinational chain of coffee houses company called Starbucks Corporation.
On top of that, the LA Lakers legend was the first-ever person to have investment as an outside owner of Star Buck and currently owns 105 of its outlets.
In the meantime, The Basketball legend has contributed an undisclosed amount of money to the Major League Soccer team Los Angeles Football Club.
Moreover, Johnson and his mate Mark Walter have bought the Women’s National Basketball Association’s franchise Los Angeles Sparks from LA Dodgers.
In addition, NBA legend Magic Johnson has also owned numerous stocks of different companies to enhance his fortune.
According to several online sources, the Hall of Famer Johnson has around $40 to $50 million investment in shares and stock markets.
To sum up, Magic Johnson’s long list of investments, he also owns multiple restaurants and hotels in Los Angeles and New York.
Thanks to his amazing records on and off the court, the Los Angeles Lakers legend Magic Johnson has a slew of lucrative sponsorships and endorsement deals.
Having said that, during his career as an NBA player, Magic Johnson had an endorsement with the shoe brand Converse.
In fact, he was paid handsomely for the promotion of their star converse footwear.
Not to mention, the NBA legend was also featured in the commercial of the Converse shoes.
Further, Magic Johnson has endorsed a fitness center company called 24 Hour Fitness in 2020.
Additionally, it is a privately owned American gym center opened round the clock that resides in San Ramon, California.
Subsequently, he also has an endorsement deal with the American movie theater chain called AMC Entertainment Holding.
As a matter of fact, this theatre has the biggest movie theater chain covering worldwide.
Considering Magic Johnson’s investment and earnings from royalties, he barely needs an endorsement deal or gets featured in commercials for product promotions.
To conclude, The NBA Hall of Famer Magic Johnson makes well over five million from these collective endorsement deals.
Magic Johnson | Media, Movies & Book Publications
Magic Johnson, the NBA Hall of Famer, has been featured on the covers of numerous sports as well as business magazines.
Furthermore, during his playing career, Johnson was the face of the Magic Slam Magazines.
In addition, the legendary point guard also appeared on the cover of several other sports magazines, including Sports Illustrated, Tuff Stuff.
On top of that, the 5 times NBA winner Magic Johnson was featured in Times Magazine Cover in an issue of February 1996.
In addition to the cover of the magazine appearances, he has been invited to be a guest of the famous talk show multiple times.
Nevertheless, he has recently featured in a famous American Talk show called The Tonight Show, Starring Jimmy Fallon.
And Johnson talked about fellow 1980s Lakers teammate Larry Bird and appreciated him for helping Johnson become a better player and a human being.
Following his retirement, Magic Johnson got into different business ventures, one of them being in the movie industry.
subsequently, he owns a production company and a theatre called Magic Johnson Theatres.
Not to add that it was commenced in collaboration with Sony Pictures Entertainment in 1994.
Besides, his production company has launched several movies and series, including Christmas at Pee-wee’s Playhouse, Malcolm in the MIddle.
According to Internet Movie Database (IMDb), the legendary NBA star Johnson has 17 credits as an actor, 10 credits for a producer, and a single credit for the soundtracks.
To sum it all up, Earvin “Magic” Johnson has won several prestigious accolades and achievements, including the Grammy Award and BET Award.
Yes, you read it correctly, former NBA star Johnson has won Grammy Award for the Best Spoken Word or Non-Musical Album in 1993.
On top of that, he also has a Hollywood Star on the Walk of Fame which he earned in 2001 for his contribution to the media industry.
One of the NBA’s multi-talented point guards, Magic Johnson, is an avid reader of novels and books.
Aside from being an avid reader, Magic Johnson has written and published numerous books as of this writing.
First and foremost, he published a book entitled My Life on September 1, 1992, which talks about emotional early life.
In addition, the NBA legend Johnson and famous writer William Novak released yet another autobiography book on Magic Johnson called Earvin “Magic” Johnson in 1993.
Not to mention this book discusses Magic Johnson’s life, his upbringing, struggles and hardships, sacrifices that he made, and his path to redemption of becoming the world’s best point guard in basketball.
To my experience and after reading this amazing autobiography, I would highly recommend you, peeps, to take a time out and give it a go.
Besides, following his contraction to HIV in 1991, Earvin Magic Johnson authored a mass market paperback called What You Can Do To Avoid Aids on April 8, 1992
Other than that, he has released several books relating to business and finances.
Moreover, the NBA Hall of Famer Magic Johnson has launched business books, including 32 Ways to Be a Champion in Business, in December 2009.
In fact, you can purchase all of the books written by Earvin’s “Magic” Johnson from the Amazon website.
Magic Johnson | Career
One of the greatest NBA players, Earvin Magic Johnson, enjoyed thirteen years of professional basketball.
As a result, he has won a tremendous amount of trophy awards and had to go to great lengths to get where Magic is at right now.
High School Career
Magic Johnson Magic Johnson joined Everett High School in Lansing, Michigan, for his high school academics.
In there, he started playing and developing a passion for basketball and had to go through a lot just to be on the team.
Despite being bullied and faced racism, Johnson never cared all about it and followed a sole path that being becoming a professional basketball player.
As a result, Johson worked his fingers to the bone and ended his senior year with an average of 28.8 points and 16.8 rebounds per game with 5.2 steals per match.
In addition, this outstanding performance of Magic Johnson led Everett High School to the Michigan state championship.
As a matter of fact, he was the best high school player in the United States in 1977
For his outstanding match performance, Johnson earned a top-picked spot in the McDonald’s All-American team in the same year.
Besides, the point guard Magic Johnson has been labeled a two-star All-State prospect and was offered the chance to sign for numerous colleges to play for them.
College Basketball Career
Magic Johnson chose Michigan State University for his collegiate basketball career despite being called upon by the lights of UCLA Bruins, Indiana Hoosier.
Not to mention he chose Michigan State University as he wanted to be close to home.
Further, Johnson played the point guard role for the Michigan State Spartans men’s basketball of his college.
Moreover, Magic Johnson ended his rookie college year with an average of 17 points, 7.4 assists, and 7.9 rebounds in 32 minutes per game.
Meanwhile, the point guard Johnson led Spartans to the Big Ten Conference title and top-four finish in the 1978 NCAA Tournament.
Following his outstanding rookie season, Johnson had shoes to feel in and proved he is capable of furthermore.
Additionally, Michigan State Spartans were crowned the new NCAA champions in 1979.
Thanks to their point guard Magic Johnson’s captivating presentation of 17.1 points, 7.6 rebounds, and 7.9 assists per game
Nevertheless, after two collegiate basketball years, Magic Johnson announced foregoing the rest of his college years and entering the 1979 NBA Draft.
NBA Career with Los Angeles Lakers
After forgoing his two years of college academics and basketball, Magic Johnson was drafted by the NBA franchise Los Angeles Lakers.
Not to mention he was drafted in round 1 as the 1st overall pick of the 1979 NFL draft.
As a matter of fact, Magic Johnson was named as the starting point guard for the Lakers in the season opener of the NBA 1979 season.
Subsequently, he finished his rookie NBA season with 7.7 rebounds per game and 7.3 assists per game, averaging 18 points per game.
On top of that, Earvin Magic Johnson is the only rookie to have won the NBA Finals MVP award.
Above all, he won the NBA championships, which made him amongst the four players ever to win NCAA and NBA championships consecutively.
The following season, Magic Johnson could not continue his outstanding performance as he sustained injury and missed 45 games.
However, he managed to average 18.6 points, 9.5 assists, and 9.6 rebounds per game.
During his fifth NBA season, the Lakers point guard averaging nearly 18 points, 13 assists, and 8 rebounds per game.
Not to mention that throughout the 1983 NBA finals, he averaged 18.0 points on .55 shooting, 13.6 assists, and 7.7 rebounds a game.
Lakers & Celtics rivalry
The Los Angeles Lakers made it to the finals for the third time in succession but were vanquished by the Boston Celtics.
In the 1984 NBA season, Earvin averaged 18.3 points per game, 12.6 assists per match, and 6.2 rebounds per match.
Hence, the Lakers advanced to the 1985 NBA Finals, where they encountered the Boston Celtics once more.
It was not for history to repeat; rather, it was a day of history to be created as the Lakers thrashed Celtics in the NBA finals.
Besides, the Lakers point guard earned his second NBA finals MVP in the light of his 18.3 points, 14.0 assists, and 6.8 rebounds per game in the finals.
The stake just got higher for the Magic Johnson in the following season as he records his NBA career-high of average 23.9 points, 6.3 rebounds, and 12.2 assists.
For that reason, the point guard of Laker won his first-ever Most Valuable NBA player in a regular season in 1987
In fact, Lakers and Celtics’ rivalry continued in the 1987 NBA season, and Johnson and Lakers successfully defended their NBA title in 1988.
In the following season, the point guard Magic ended his season strongly with an average point of 22.3, 11.5 assists per game, and in the 1991 NBA season, he nearly averaged 19 points on .430 shooting, 12.5 assists, and 8 rebounds per match.
Evidently, Magic Johnson began called the NBA’s greatest of all time in the early 1990s but little did he know that the 1991 season was his final playing career in the NBA.
Sadly, the NBA star announced his retirement on November 7, 1991, due to Johnson’s being diagnosed with HIV, which ended his NBA career.
Career as a Coach
Despite retiring as an NBA player, the former Los Angeles Lakers pointed guard reunited with the Lakers and took charge of his beloved team as its head coach.
However, the reign was cut short after just two seasons as a manager for Earvin Magic Johnson.
Not to mention he resigned after the five consecutive losses at the end of the 1995-96 NBA season.
Magic Johnson | Charity Works
The NBA legend Magic Johnson has contributed to help humankind immensely and has been characterized by his compassionate, kind-hearted person and a down-to-earth attitude.
Unfortunately, Johnson contracted HIV after unsafe sexual intercourse with numerous women that led him to retire from National Basketball Association in 1991.
Magic Johnson Foundation
As a result, Magic Johnson established a charity foundation called Magic Johnson Foundation in the following year.
Not to mention, the main motto of this charity is to raise awareness against unsafe sexual intercourse and health as well as social needs.
Furthermore, this charity also provides treatment, education and fulfills the people living with HIV/AIDS.
In fact, Magic Johnson Foundation most recently donated half a million to numerous covid relief funds in order to help the Covid patient and hospital staff.
To sum up his charity works, Earvin Magic Johnson has contributed safety equipment to the health care personnel of different Los Angeles hospitals in the midst of global pandemic Covid 19
Additional Charity Works
Other than his foundation, Magic Johnson has indulged in numerous other charities as well as contributed to several foundations and their events.
Moreover, he has supported the Keep A Child Alive charity foundation via sponsoring foods, healthcare, housing for needy children.
Subsequently, Barbara Davis Center for Childhood Diabetes is yet another foundation that is supported by Magic Johnson and has donated over 200,000 to this charity.
Boys & Girls Clubs of America that aids in elevating lives and provided helping hands to build the great futures a reality for America’s youth
Meanwhile, he has donated an overall total of half a million donation to the Buoniconti Fund to Cure Paralysis since 1991.
Similarly, the Grammy Award winner Earvin Magic Johnson is an active member of the Celebrity Fight Night Foundation that helps struggling and upcoming actors and actresses.
Nonetheless, he has lent a helping hand to numerous other charity organizations, including Muhammad Ali Parkinson Center, The Miami Project, St. Anne’s Charity, and whatnot.
Recently in 2020, Magic Johnson marched on and participated in rallies and protests organized by the Black Lives Matter.
Some Interesting Facts about Magic Johnson
Despite having to retire early than expected, Magic Johnson has insane achievements and accolades to show for as he has won 5 NBAs, named 12 times NBA All-Star, three times NBA Finals MVP, and the NBA’s most valuable player during his 12 years of NBA playing career.
The former NBA star Johnson was amongst the few basketball players who have won National Collegiate Athletic Association (NCAA) championship and National Basketball Association Championship consecutively.
Earvin “Magic” Johnson Jr. wore jersey number 33 for the NCAA team Michigan State Spartans and number 32 for the NBA franchise Los Angeles Lakers; subsequently, both these jersey number has been retired by the respective teams.
FAQs about Magic Johnson
How many NBA championships does Magic Johnson have?
The NBA legend and Hall of Famer, Johnson has five NBA championships to show, and bear in mind that he was named 12 times NBA All-Star and three times NBA Most Valuable Player.
What is the net worth of Magic Johnson?
Magic Johnson, an American former professional NBA point guard of Los Angeles Lakers, has a staggering net worth of $600 million.
What are the NBA stats of the former NBA’s point guard Magic Johnson?
The former NBA professional player Magic Johnson played 12 years of NBA; moreover, in this 12 seasons of his NBA career, he recorded an overall of 17,707 points, i.e., 19.5 points per game, a total of 6,559 rebounds (7.2 rpg), and a total of 10,141 assists (11.2 apg)
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