How much is Magic Johnson worth right now?
In 2019, Magic Johnson's estimated NBA earnings were $40 million. During his 20-year career, he earned approximately $296 million. That's a total of $336 million. That's a lot of money, right? Most of those earnings came from his playing days with the Lakers, including his six NBA championships.
He also earned money from the Staples Center, the Los Angeles Clippers and the sale of the Dodgers. Before we dive further into the future earnings of the Lakers legend, let’s examine his present-day worth. According to Forbes, the Los Angeles Lakers are valued at $1.5 billion.
Johnson’s net worth is estimated at $500 million, making him one of the richest athletes in the world. Much of Magic’s wealth is tied up in the Lakers organization and the team’s many lucrative licensed products, such as shoes, jerseys, and video games.
It’s estimated that Magic Johnson’s net worth is about $500 million. While $500 million may seem like a lot of money, it’s not enough to live on. It’s important to remember that we are talking about Magic’s net worth and not his total wealth.
The former Lakers star has invested in several businesses, including the entertainment company Magic Johnson Enterprises, a multi-media production company called Excel Entertainment, a real estate development company called Magic
How much is Magic Johnson worth in today's dollars?
If you're wondering how much Magic Johnson is worth you're not alone. A quick Google search shows that there are more than 6 million results, with estimates varying from $500 million to $20 billion. But how do we know if those numbers are accurate? Back in 1991, Johnson was worth $40 million.
Since then, the business of basketball has grown significantly so that a player who is worth $40 million today would be worth $400 million in 1991 dollars.
While $400 million sounds like a lot, keep in mind that the average American makes $40,000 per year, so $400 million is more than $400 trillion! If we translate 1991 dollars to the year 2019 using the inflation calculator available at the Federal Reserve website, we arrive at $1.5 billion for a net worth of $400 million. This means that Magic Johnson is worth $400 million in 2019 dollars.
It also means that if you had $40 million in 1991, that would be worth about $1.5 billion now.
How much is Magic Johnson worth today?
The Los Angeles Lakers and their iconic “Showtime” era were a huge boost to the NBA. Their dominance from 1980-2000 earned them the nickname of the NBA’s “Showtime Bulls.” While Johnson was the face of the team, he wasn’t the sole reason for their success.
In fact, Johnson was traded to the Lakers because he was feuding with coach Pat Riley and owner Jerry Buss. They realized that his attitude was hurting the team If you’re looking for a way to make money right now in sports, the answer is pretty simple: invest heavily in the Los Angeles Lakers. The Lakers’ future is incredibly bright.
Last season they made NBA history by making the NBA Finals for a record-breaking 12th straight time. While they lost to the Golden State Warriors in six games, the Lakers still captured the NBA Championship with a record-breaking 16 wins.
While many of us are still trying to process the fact that this guy is still playing professional basketball at age 50, let’s just say that he’s still worth his weight in gold. According to Forbes, Magic’s net worth is estimated to be $600 million. In addition to his multi-million dollar salary, which is more than enough to support a family, he’s also earned a fortune in endorsement deals.
How much is Magic Johnson worth?
Let’s start with the easy part: as a businessman, no one doubts the value of Magic Johnson’s business acumen. After all, he was the driving force behind the Los Angeles Lakers’ incredible run of titles during the 1980s and early ’90s.
He’s also been the face of the organization ever since, and has not only been a key owner, but also a key advisor to the young Lakers roster. If you think the idea of an NBA Hall of Fame player earning $40 million or more per year is crazy, you haven’t seen Magic Johnson’s recent deals. In December of 2018, Johnson signed a five-year, $100 million contract extension with the Los Angeles Lakers.
The previous year, Johnson signed a five-year, $148 million deal with the team. Both deals include a player option that potentially could bring the total value of the contract to $200 million. According to Forbes, Magic Johnson is one of the highest earning athletes in the world and has brought in millions of dollars in endorsement deals.
In 2006, he signed a deal with State Farm worth $30 million over 10 years. In 2018, Johnson signed a deal with Airbnb worth $20 million over five years. That same year, he signed a deal with Beats Electronics worth $30 million over five years.
Each deal was made after Johnson’s deal with the Lakers.
How much is Magic Johnson worth in
In a recent interview with The Athletic, Johnson spoke about his estimated net worth. He’s worth $500 million dollars right now and has earned and spent a lot of that money over his illustrious career.
He is estimated to have spent approximately $100 million on his two businesses, Magic Johnson Enterprises and Magic Johnson Foundation, which are mainly focused on developing educational programs and programs that provide opportunities for underserved children in the Los Angeles area. With the new Lakers deal, Johnson has a chance to end his illustrious NBA career as the most valuable NBA player ever.
In all likelihood, the 16-time All-Star will do just that. The team is widely expected to contend for a title in the Western Conference, which would allow Johnson to hoist the Larry O’Bannon trophy for the sixth time. In an interview with ESPN, Johnson spoke about his estimated net worth.
He’s worth $500 million dollars right now and has earned and spent a lot of that money over his illustrious career. He is estimated to have spent approximately $100 million on his two businesses, Magic Johnson Enterprises and Magic Johnson Foundation, which are mainly focused on developing educational programs and programs that provide opportunities for underserved children in the Los Angeles area.
With the new Lakers deal, Johnson has a chance to end his illustrious
