Earvin "Magic" Johnson Jr. is an American former professional basketball player and former president of basketball operations of the Los Angeles Lakers of the National Basketball Association. In 2022, Magic Johnson's net worth is estimated to be $600 million dollars.
March 29, 2022
Words by Matthew Taylor
Est. Range $465M - $735M
Earvin "Magic" Johnson is a former professional basketball player and the former president of basketball operations of the Los Angeles Lakers. He is often regarded as the best point guard of all time. He played 13 seasons for the Lakers and was honored as one of the 50 Greatest Players in NBA History in 1996 and selected to the NBA 75th Anniversary Team in 2021.
How long would it take you to earn as much as Magic Johnson?
The average salary for athletes in the United States is around $49,143 per year. Not however, if you play in the NBA where the average salary is projected to be around $8 million this year. Even then, though, earnings vary greatly. While some of the top players (we’re looking at you, Stephen Curry) earned over $45 million last year, others didn’t even reach the million-dollar mark.
All sports aren’t created equal though and basketball doesn’t even make the top five highest earning sports. Ice hockey, tennis and soccer stars round out the top three, with athletes in those sports able to build a huge amount of wealth from their appearance fees alone.
Still, there’s always ways for athletes to increase their earnings. UFC fighter Conor McGregor managed to be the top earning athlete in 2021, but a sizeable amount of his income was due the sale of his majority stake in Irish whiskey distiller Proper No. Twelve. However, opportunities for athletes go well beyond business deals.
As is the case with actors, musicians and other celebrities, the golden ticket to building an athlete’s net worth tends to lie in endorsements, sponsorships and selling their name (and often photos) wherever they can. Athletes have to be careful about what they do and say though… more than a few athletes have lost their product endorsements and been dropped by a brand over a scandal or unwise comment.
Magic Johnson's net worth of 600 million can buy...
The Wealthiest Index is a ranking of the world's richest people. In calculating Andre Agassi’s net worth, we strive to provide the most transparent calculations available with detailed analysis of how that Andre Agassi’s fortune was made. Each net worth figure is updated at regular intervals to reflect market movements.
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