Magic Johnson’s Net Worth in 2020

What is Magic Johnson’s Equity?

Net value:$ 600 million
Born:August 14, 1959
Native countrythe united states of america
Wealth :NBA professional player
Last update:2020


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

In 2020, Magic Johnson’s net worth was around $ 600 million, and he is one of the wealthiest athletes in the world.


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

Each night, his mother spent many hours after work cleaning their house and preparing the meals for the next day, while his father did janitorial work in a used car parking lot and picked up the garbage, never missing a day at General Motors.


< data- type="image/webp"/>< data-/>magic johnson's career

Johnson was drafted first by the Los Angeles Lakers in 1979. He ended up signing a 25 million dollar contract over 25 years with the Lakers. Johnson performed extremely well in the 1981-1982 season, averaging 18.6 points, 9.6 rebounds, 9.5 assists and 2.7 flights per game.

He averaged 18.3 points, 12.6 assists and 6.2 rebounds per game in the 1984-1985 regular season and led the Lakers to 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. Despite his retirement, he was chosen to participate in the 1992 Summer Olympics for the American basketball team.

He made a comeback as a player by joining the Lakers during the 1995-1996 NBA season. In February, he scored 15 points, as well as 10 rebounds and 13 assists in a win over the Atlanta Hawks. He averaged 14.6 points, 6.9 assists and 5.7 rebounds per game in 32 games this season. He then retired permanently after the season.

In 2020, Magic Johnson’s net worth was $ 600 million.

Strong points

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

  • He won a championship and an award for the best player in the NBA final
  • Johnson has twice been inducted into the Basketball Hall of Fame

Favorite Magic Johnson Quotes

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

“Being able to reach so many people through my businesses and make money by doing so 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 frequent and could happen at any time. “ – Magic Johnson

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

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

“I tell people to look at me and understand that everyone first told me I couldn’t be a 6-foot-9-inch point guard, and I found them wrong. Then they told me that 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 of these championships, and I also proved them wrong. “ – Magic Johnson

3 Life Lessons from Magic Johnson

Now that you know everything about Magic Johnson’s net worth and how he succeeded; Let’s take a look at some of the best lessons we can learn from