Magic Johnson Net Worth in 2018: $600 Million
Magic Johnson is a well known American retired professional basketball player as well as he is the president of basketball operations of the National Basketball Association of the Los Angeles Lakers and according to estimates, his total net worth is $600 million.
Earvin “Magic” Johnson Jr. was born on August 14, 1959 in Lansing, Michigan; his mother was a custodian in a school while his father was an assembly worker in General motors.
He was interested in basketball from his young age as Bill Russell was his inspiration who was known as one of the most famous basketball players in US.
Johnson was very fond of basketball, he joined the Sexton High School to brought his talent into practice, this school was very forward in basketball name.
Because of his efforts, his university team reached in the finals of NCCA where he helped his team to won the final and he named as outstanding player of the matches while during his career, he is known as greatest point guard of all time.
Los Angeles Lakers picked the Johnson in 1979 as a draft, he retired in 1996 from all international basketball games.
It was a sad moment for the NBA because he is the one of their best players ever they had and according to sources, Johnson made his more wealth from business ventures rather than games.
During his basketball career history, he earned about $18 million while he earned million dollars from endorsement deals, after retirement he started the business as Magic Johnson Enterprises which has value in today age as $1 billion almost.
Along other investors he purchased the basketball team from Frank McCourt, while he also purchased the teams like WNBA team, the Los Angeles Sparks and in his career he has received many awards.