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Magic Johnson Net Worth and Earnings

Magic Johnson Net Worth

Magic Johnson Net Worth

American basketball player, Earvin “Magic” Johnson Jr. has estimated net worth of $500 Million, listed him as one of the richest basketball player in history. Even he has been retired 20 years ago, Johnson is still one of the best basketball player in the world. His wealth is also quite stable and Johnson still managed to having half billion dollar as his net worth record.

Magic Johnson was drafted in 1979 by the Los Angeles Lakers and has a chance to plays along legendary player Kareem Abdul-Jabbar. With averaged 18.0 points, 7.7 rebounds, and 7.3 assists per game he then received $500,000 salary from the team. Such as large sum of money for a Rookie player at that time. Seems not enough, he then signed $2,000,000 endorsement contract with Converse in 1979. In 1981, Johnson salary from the Lakers increased to the amount of $1,000,000 and then reached $1,500,000 in the next year. His annual salary with Los Angeles Lakers is about $2,500,000 and coupled with $3,000,000 as endorsement deals with Campofrio in 1990.

Magic Johnson  HIV AIDS

Magic Johnson HIV AIDS

Both in 1994 and 1995, Johnson renewed his contract with LA Lakers for $14,600,000. He stands still with the team till his retirement in 1996 due HIV AIDS. But Johnson successful fight against AIDS started his new life as activist and motivational speaker then become one of investors that purchased the Los Angeles Dodgers and the Los Angeles Sparks, as well as maintaining his abundant wealth till today.

Magic Johnson House

FULL NAME, NAME

Earvin “Magic” Johnson Jr.

AGE, BORN

57 years old, August 14, 1959 in Lansing, Michigan

NET WORTH

$ 500 Million

ENDORSEMENT

Converse, Nestle, Pepsi, Spalding, Target and KFC

SOURCE OF WEALTH

professional basketball player (retired),
entrepreneur,broadcaster and motivational speaker

ACVHIEVEMENTS

NBA Finals Most Valuable Player Award, three NBA
MVP Awards, nine NBA Finals appearances, twelve All-Star games, ten All-NBA
First and Second Team nominations, the NBA’s all-time leader in average
assists per game, one of the 50 Greatest Players in NBA History , two times
Basketball Hall of Fame

ASSETS

2006 Lincoln Navigator,Magic Johnson Theaters

FAMILLY

Earlitha Kelly (wife), Earvin III Johnson, Elisa
Johnson, Andre Johnson (children), Earvin Sr. and Christine (parents)

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