In American professional basketball, Magic Johnson is one of the living legends. He is a former basketball player who played for more than a decade. Besides, Magic Johnson was also the president of the Los Angeles Lakers basketball operations. Some regarded him as the best point guard in the history of the NBA.
Now, let’s discover the answer to the question asked above, is Magic Johnson a billionaire?
Though Magic Johnson’s enterprise is worth more than a billion dollars, he is not a billionaire. He developed most of his fortune from his adaptive skills in business. Besides, Magic Johnson made a massive amount of money from the National Basketball Association career.
What is Magic Johnson’s Net Worth?
In 2022, Magic Johnson possesses an estimated net worth of 600 million dollars. He earned most of his money from the enterprise he has founded. The enterprise is a union company that has some subsidiary companies.
However, there is no base evidence that reports that Magic Johnson has a net worth of 600 million dollars. It is merely an estimation of his profit from that union company formed by him named Magic Johnson Enterprise.
Is Magic Johnson the wealthiest player in the NBA?
The answer is NO. Magic Johnson is not the richest player in the NBA. However, he is one of the wealthiest persons in the following sports association. In a 2021 report from Audacy, Magic Johnson is currently holding the 2nd position on the top 11 richest NBA players’ list.
So, the question is, who is the wealthiest player then? Currently, Michael Jordan is in the first position on the list. He has an approximated net worth of 2.2 billion dollars. No NBA player is even near to that massive net worth of Michael Jordan.
Does Magic Johnson flex his wealth?
No one knows if Magic Johnson shows off his massive wealth or not. However, he does some expenses, more likely extravagances, that catch the public eye. Some refer to his money-wasting as flexing.
In Summer 2021, Magic Johnson rented a superyacht to spend a vacation with his friends. However, the renting expense may be one of the most expensive superyachts renting one has ever seen. Magic Johnson paid 1.1 million dollars for a week of touring.
How much Magic Johnson earned from the NBA?
Magic Johnson has a long history with the NBA. He has played in the following sports association for more than a decade. Moreover, within these years, Magic Johnson earned around 26 million dollars.
In 1979, Magic Johnson started playing with the Los Angeles Lakers and played for them in the NBA till his retirement in 1996. The earnings he made each season are listed below to see at a glance:
|NBA Season||Salary (In US Dollars)|
|1979 – 80||460 Thousand|
|1980 – 81||460 Thousand|
|1981 – 82||460 Thousand|
|1982 – 83||460 Thousand|
|1983 – 84||460 Thousand|
|1984 – 85||1 Million|
|1985 – 86||2.5 Million|
|1986 – 87||1 Million|
|1987 – 88||2.5 Million|
|1988 – 89||3.14 Million|
|1989 – 90||1 Million|
|1990 – 91||2.4 Million|
|1991 – 92||2.5 Million|
|1992 – 93||2.5 Million|
|1993 – 94||2.5 Million|
|1994 – 95||1 Million|
|1995 – 96||1 Million|
What is Magic Johnson’s post-NBA career?
After taking retirement from the NBA in 1996, Magic Johnson purchased shares of Los Angeles Lakers. Besides, he became the president of operations of the following NBA basketball team.
Besides the NBA activities, Magic Johnson works in the Hollyhood movies as an actor with prominence. He has founded a union-type company named Magic Johnson Enterprise. The subsidiary companies of his company are the following:
- Magic Johnson Productions
- Magic Johnson Theatres
- Magic Johnson Entertainment
Does Magic Johnson suffer any disease?
Magic Johnson is suffering from a deadly disease named AIDS. In an interview, he revealed that he was diagnosed with HIV 30 years ago. Moreover, Magic Johnson still is struggling with this life-threatening virus.
In the following interview, Magic Johnson admitted that he had to face some very critical moments in his life for having an HIV-positive patient. And the most difficult thing was to confront the fact to her wife 30 years ago.
- https://www.audacy.com/sports/nba/gallery/11-richest-nba-players-ranked-by-2021-net-worth – The Top 11 Richest NBA Players Ranking (Audacy)
- https://www.basketball-reference.com/players/j/johnsma02.html – Magic Johnson’s NBA Career Statistics And Salaries (Basketball-Reference)
- https://www.sportscasting.com/magic-johnson-flexed-600-million-net-worth-renting-1-1-million-week-superyacht/ – Magic Johnson Net Worth (Sports Casting)