Magic Johnson has involved himself in numerous entrepreneurial ventures after his retirement. The couple is also associated with a Tuscan-style beach house located in Dana Point, Orange County, California. Magic Johnson’s most notable real estate property is a home located in Beverly Hills that he co-owns with his wife. Related Trippie Redd’s Net Worth (Updated 2023) 2. Also, between 19, Johnson formed and played for the Magic Johnson All-Stars, where he reportedly earned as much as $365,000 per game. His $14.6 million salary in 19 was a result of a contract that he signed which allowed him to earn even if he did not play. 1995 – Earned a $14.6 million salary from the Los Angeles Lakers Note that while he retired from The Lakers in 1991 and rejoined the club in 1996, Magic Johnson was still earning from the NBA side.1994 – Earned a $14.6 million salary from the Los Angeles Lakers.1993 – Earned a $2.5 million salary from the Los Angeles Lakers.1992 – Earned a $2.5 million salary from the Los Angeles Lakers.1991 – Earned a $2.5 million salary playing for the Los Angeles Lakers.1990 – Earned $3 million in endorsements from Campofrio, as well as $2.7 million playing for the Los Angeles Lakers.1989 – Earned a $2.5 million salary playing for the Los Angeles Lakers.1988 – Earned a $3.1 million salary playing for the Los Angeles Lakers.1987 – Earned a $2.5 million salary playing for the Los Angeles Lakers.1986 – Earned a $2.5 million salary playing for the Los Angeles Lakers.1985 – Earned a $2.5 million salary playing for the Los Angeles Lakers.1984 – Earned a $2.5 million salary playing for the Los Angeles Lakers.1983 – Earned a $2 million salary playing for the Los Angeles Lakers.1982 – Earned a $1.5 million salary playing for the Los Angeles Lakers.1981 – Earned a $1 million salary playing for the Los Angeles Lakers.1980 – Earned a $500,000 salary playing for the Los Angeles Lakers.1979 – Earned $2 million in endorsements from Converse.The following is a highlight of Johnson’s earnings over the early years of his career: Some of the notable brands that he worked with include Converse and Campofrio. Throughout his professional basketball career, Johnson also minted several millions from lucrative endorsement contracts. That includes the $25 million contract that he signed with the Lakers in 1981, as well as a few extension contracts that saw him earn even if he did not play. Magic Johnson’s Basketball Earningsĭuring his career as a basketball player, Magic Johnson earned nearly $50 million in salary. In addition to his basketball career (both as a player and coach), Johnson also makes money from hosting talk shows, film production, television production, and lots of lucrative business investments. He owes a significant portion of his wealth to his successful career on the court. As of 2023, Magic Johnson had a net worth of $600 million. But he still earns big time from his various business ventures. Magic Johnson may have retired from basketball. Some of his notable achievements include winning 5 NBA championships, 3 NBA Finals MVP, and 12 NBA All-Star. Determined to continue playing basketball professionally, Magic Johnson founded and played for the Magic Johnson All-Stars for the duration he was not with The Lakers. He rejoined the club as a coach near the end of the 1993-1994 NBA season and as a player in the 1995 – 1996 season. He played for The Lakers until 1991, where his career was cut short in the wake of a revelation that he had contracted HIV. In 1979, Johnson was drafted to NBA’s franchise, The Los Angeles Lakers. After high school, he proceeded to Michigan State University where he continued to nurture his basketball talents. Johnson began playing basketball while attending Everett High School. His father was a General Motors assembly worker, whereas his mother was a school janitor. Magic Johnson was born on August 14, 1959, in Lansing, Michigan, to Earvin Johnson Sr. Pearl Johnson, Quincy Jonson, Evelyn Johnson, Larry Johnson, Lois Johnson, Yvonne Johnson, Michael Johnson, Kim Johnson, and Mary JohnsonĮverett High School and Michigan State UniversityĮarvin III (with Earlitha), Elisa Johnson (adopted), and Andre Johnson (from his premarital relationship with Melissa Mitchell)īasketball Playing, Acting, Film and Television Production, and Entrepreneurship As a basketballer, Johnson spent nearly his entire professional career with the Los Angeles Lakers. Magic Johnson’s Other Business VenturesĮarvin Johnson Jr., popularly known as Magic Johnson, is an American retired basketball player, actor, film and television producer, and businessman. All other NFL-related trademarks are trademarks of the National Football League. NFL and the NFL shield design are registered trademarks of the National Football League.The team names, logos and uniform designs are registered trademarks of the teams indicated.
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