What is Magic Johnson’s Net Worth?


Magic Johnson is the wealthiest athlete in the world, with a net worth of approximately $620M as of August 2022.

Earvin Johnson Jr. is an American former professional basketball player who was also the president of the Los Angeles Lakers of NBA. For 13 seasons, he was the Lakers’ point guard. Johnson won both high school and college championships. In 1979, the Lakers selected Johnson as the first overall pick in the NBA draft.

Early Life

Earvin Jr. was born in Lansing on the 14th of August 1959. Johnson is the child of Earvin Jr. and Christine Johnson.

His mother spent hours after work cleaning and preparing meals for the next day, while his father did janitorial work at a car lot and collected garbage. All this while not missing a single day at General Motors.


Johnson was drafted by the Los Angeles Lakers as the first overall pick in 1979. Johnson signed a 25-year $25 million contract with the Lakers. Johnson did an outstanding job in the 1981-82 season. He averaged 18.6 points, 9.6 rebounds, and 9.5 assists per game.

He averaged 18.3 ppg, 12.6 assists, and 6.2 rebounds per match in the 1984-85 season. He led the Lakers to the 1985 NBA Finals.

His amazing form continued for the next few seasons, with 22.5 points and 12.8 assists as well as 7.9 rebounds per contest in the 1988-1989 NBA season.

A 1991 incident changed his life. He was diagnosed as HIV-positive. He announced publicly his diagnosis and made the decision to retire. He decided to retire, but he was still selected to participate in the 1992 Summer Olympics as a US basketball player.

He made a comeback in the 1995-96 NBA season by rejoining the Lakers. He scored 15 points and had 13 assists in the victory against Atlanta Hawks. In 32 games, he averaged 14.6 points, 6.9 assists and 5.7 rebounds per match. Following the season, he was forced to retire.


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

Three Life Lessons From Magic Johnson

Now that we know everything about Magic Johnson and his net worth, let us take a look at the most important lessons we can learn.

1. Give yourself some time

No one will ever inspire you if you don’t make time for yourself.

2. Do not neglect discipline

Be disciplined about getting rid of all the people who drain your energy. You can rise or fall depending on the level of your associations.

3. Limitations

Fearful thoughts can make it difficult to achieve big dreams that you’ve never attempted before. However, when we push beyond our limits, our boundaries expand.

Favorite Quotes From Magic Johnson

It’s a great blessing to be able to reach so many people through my business and make money at the same time.

People thought I was going crazy, but they were wrong. I started to teach basketball and the rest of the world that HIV-positive people can play. He isn’t going to give it away to anyone.