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Magic Johnson Net Worth

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What is Magic Johnson’s net worth?

Net Worth: $600 Million
Age: 60
Born: August 14, 1959
Country of Origin United States of America
Source of Wealth: Professional NBA Player
Last Updated: 2020

Introduction 

Earvin “Magic” Johnson Jr. is an American retired professional basketball player and former president of the Los Angeles Lakers of the NBA. He played point guard for the Lakers for 13 seasons. After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA draft by the Lakers.

As of 2020, Magic Johnson’s net worth is approximately $600 million, and he’s one of the richest athletes in the world.

 

Early Life

Earvin Johnson Jr. was born on the 14th of August, 1959, in Lansing, Michigan. Johnson is the son of Earvin Sr. and Christine Johnson. 

His mother spent many hours after work each night cleaning their home and preparing the next day’s meals, while his father did janitorial work at a used car lot and collected garbage, all while never missing a day at General Motors. 

 

Career 

Magic Johnson's Career

Johnson was drafted first overall by the Los Angeles Lakers in 1979. He ended up signing a  25-year $25-million contract with the Lakers. Johnson performed exceedingly well in the 1981–82 season and averaged 18.6 points, 9.6 rebounds, 9.5 assists, and a league-high 2.7 steals per game. 

He averaged 18.3 points, 12.6 assists, and 6.2 rebounds per game in the 1984–85 regular season and led the Lakers into the 1985 NBA Finals. 

His great form continued over the next few years and he scored 22.5 points, 12.8 assists, and 7.9 rebounds per game in the 1988–89 NBA season. 

An incident in 1991 changed his life forever; he was diagnosed with HIV infection. He publicly announced his diagnosis and decided to retire. In spite of his retirement, he was chosen to compete in the 1992 Summer Olympics for the US basketball team. 

He made a comeback as a player by re-joining the Lakers during the 1995–96 NBA season. In February, he scored 15 points, along with 10 rebounds and 13 assists in a victory against the Atlanta Hawks. He averaged 14.6 points, 6.9 assists, and 5.7 rebounds per game in 32 games in the season. He then retired for good following the season.

As of 2020, Magic Johnson’s net worth is $600 million. 

 

Highlights

Here are some of the best highlights of Magic Johnson’s career:

  • He won a championship and an NBA Finals Most Valuable Player Award
  • Johnson became a two-time inductee into the Basketball Hall of Fame

 

Favorite Quotes from Magic Johnson 

“Everyone thought I was going to die like a year later, they didn’t know. So I helped educate sports, and then the world, that a man living with HIV can play basketball. He’s not going to give it to anybody by playing basketball.” – Magic Johnson

“Being able to touch so many people through my businesses and make money while doing it, is a huge blessing.” – Magic Johnson

“As an athlete, I understood the value of my health insurance. I knew that in my profession, injuries were common and could happen at any time.” – Magic Johnson

“Any guy who can maintain a positive attitude without much playing time certainly earns my respect.” – Magic Johnson

“I really want people to know that I’ve worked hard, very hard, to get to where I am today.. this didn’t just happen overnight. I started in business over 25 years ago and have found a way to build on what I’ve learned through every partnership and opportunity.” – Magic Johnson

“I tell people to look at me and understand that everybody first told me that I couldn’t be a 6-foot, 9-inch point guard, and I proved them wrong. Then they told me I couldn’t be a businessman and make money in urban America, and I proved them wrong. And they thought I couldn’t win all these championships, and I proved them wrong there as well.” – Magic Johnson 

 

3 Life Lessons from Magic Johnson 

Now that you know all about Magic Johnson’s net worth, and how he achieved success; let’s take a look at some of the best lessons we can learn from him: 

 

1. Make Some Time for Yourself 

If you don’t make the time for yourself to get inspired, no one around you will ever be inspired.

 

2. Have Discipline 

Have the discipline to clean out all the energy-draining people in your life. You really do rise or fall to the level of your associations.

 

3. Limits

Doing huge dreams we have never done can be frightening. Yet when we push to the edges of our limits, our limits expand.

 

Summary

Magic Johnson is a retired American professional basketball player, counted among the greatest basketball players of all time. Johnson is famous for his powerful arms, agility, and speed that helped him become one of the most formidable players in the world during the 1980s. 

As of 2020, Magic Johnson’s net worth is estimated to be $600 million. 

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