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Net Worth $620 Million
Born August 14, 1959
Age 63 Years Old
Place of Birth Lansing, Michigan, United States
Profession Professional Basketball Player
Education Michigan State University

 

Magic Johnson is a retired American professional basketball player who has a net worth of $620 million dollars.

Magic Johnson’s career first got started with the Los Angeles Lakers when he was drafted first overall pick in the 1979 NBA Draft. Prior to the start of his NBA career, Magic won both his high school and college (NCAA) championship in the same year. He took home the most valuable outstanding award in the 1979 NCAA Final Four Tournament.

He led the Los Angeles Lakers to five NBA titles during the ”showtime era,” and is widely considered as one of the greatest point guards of all time!

Early Life and Education

Magic Johnson was born August 14, 1959 in Lansing, Michigan, United States. He is the son of Earvin Johnson Sr., an assembly worker for General Motors, and Christine, a school janitor. Johnson comes from a big family, with 6 siblings and 3 half-siblings from his father’s previous marriage.

He attended Everett High School in Lansing, Michigan, where he took great interest in the sport of basketball. At the age of 15 years old, he was dubbed Earvin ”Magic” Johnson, when he recorded a triple-double of 36 points, 18 rebounds and 16 assists. In the same season, Magic led his team to an overtime victory in the state championship with a 27-1 win-loss record. He averaged 28.8 points and 16.8 rebounds per game, which would only be the beginning of his run in the NCAA.

Magic was a five-star recruit in high school and although he got multiple offers from top-ranking colleges, he chose to play close to home. He attended Michigan State University in 1978, where he led the team to the NCAA tournament in his first year, subsequently losing Kentucky. Johnson bounced back in the following 1978-1879 season, winning the NCAA State Championship against Indiana State’s Larry Bird team.

After spending two years in college with Michigan State, Magic averaged 17.1 points, 7.6 rebounds, and 7.9 assists per game. Following a historic end to his two-year college stint, he entered the 1979 NBA draft.

Below we will go into more detail about Magic Johnson’s Net Worth, career highlights and his time as a professional basketball player and investor!

Career

Magic began his professional basketball career with the Los Angeles Lakers, drafted first overall in the 1979 NBA draft.

Due to his tall stature, pundits believe that he should play the power forward position, however, Lakers coach Jack McKinney played him as the point guard position. Magic’s first season as a professional basketball player he averaged 18 points, 7.7 rebounds and 7.3 assists per game. In his first season with the Los Angeles Lakers, the team reached the 1980 NBA Finals facing the Philadelphia 76ers. In a historic game 6 victory (123-107), Magic recorded 42 points, 15 rebounds, 7 assists and 3 steals. He is the only rookie to win the NBA Finals MVP award.

In 1981, Magic signed a 25 year contract with the Los Angeles Lakers worth $25 million USD. He would later go on to be coached by legend Pat Riley in the 1981-1982 season, replacing Westhead. Despite his left knee injury, he went on to average 18.6 points, 9.6 rebounds and 9.5 assists. That season, they won the 1982 NBA Finals, with Magic winning his second NBA Finals MVP Award.

In the 1984-1985 season, Magic averaged 18.3 points, 12.6 assists and 6.2 rebounds per game. He led the Los Angeles Lakers into the 1985 NBA Finals, after defeating the Boston Celtics in game 6. By 1987, Magic had another electrifying season averaging 19.6 points, 11.9 assists and 6.2 rebounds per game. He went on to win his fourth NBA title and 3rd NBA Finals MVP award. Magic went on to win his fifth and finals NBA title in 1988, in a close game 7 victory against the Detroit Pistons.

We will share some of Magic Johnson’s career highlights below!

Career Highlights

  • 5x NBA Champion (1980, 1982, 1985, 1987, 1988)
  • 3x NBA Final’s MVP (1980, 1982, 1987)
  • 3x NBA Most Valuable Player (1987, 1989, 1990)

Magic Johnson Net Worth

Magic Johnson has a variety of revenue sources. We will list some of them below…

  • Magic Johnson Enterprises
  • 125 Starbucks Stores
  • Burger King Stores
  • Fanatics
  • EquiTrust Insurance 
  • TopGolf
  • Real Estate 

Magic Johnson Quotes

“All kids need is a little help, a little hope and somebody to believe in them.”

Magic Johnson

“If somebody says no to you, or if you get cut, Michael Jordan was cut his first year, but he came back and he was the best ever. That is what you have to have. The attitude that i’m going to show everybody, i’m going to work hard to get better and better.”

Magic Johnson

Awards and Nominations:

  • 5x NBA Champion (1980, 1982, 1985, 1987, 1988)
  • 3x NBA Final’s MVP (1980, 1982, 1987)
  • 3x NBA Most Valuable Player (1987, 1989, 1990)
  • 12x NBA All-Star (1980, 1982-1992)
  • 2x NBA All-Star Most Valuable Player (1990, 1992)
  • 9x All-NBA First Team (1983-1991)
  • 4x NBA Assists Leader (1983, 1984, 1986, 1987)
  • 2x NBA Steals Leader (1981, 1982)
  • NBA Lifetime Achievement Award (2019)
  • NCAA Champion (1979)

Summary

Magic Johnson is a retired American professional basketball player and investor.

Johnson attended Everett High School in Lansing, Michigan, where he took great interest in the sport of basketball. Magic played 13 seasons with the Los Angeles Lakers, where he went on to win 5 NBA titles, 3 NBA Finals MVPs, and 3 NBA Most Valuable Player awards.

He is widely considered as one of the greatest professional basketball players and point guards of all time, with an estimated net worth of $620 million dollars.

Magic Johnson Social Media 

Frequently Asked Questions (FAQs)

How much is Magic Johnson Worth?

Magic Johnson’s Net Worth is estimated to be around $620 Million USD.

How Tall is Magic Johnson?

Magic Johnson is 6 foot 9 (2.06 m).

Who gave ”Magic Johnson” his nickname?

Magic Johnson was given his nickname by sports writer Fred Stabley Jr. when he was just 15 years old, in a magical performance clocking 36 points, 16 rebounds and 16 assists.

What is the name of Magic Johnson’s wife?

Magic Johnson’s wife’s name is Cookie Johnson (m.1991).

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