How Much Money Does Magic Johnson Have?

Magic Johnson, a former NBA point guard and investor, has become the fourth athlete to be named a billionaire, according to Forbes. Johnson, 64, is worth about $1.2 billion, making him the fourth athlete to join the exclusive club. His wealth is primarily derived from his majority ownership of EquiTrust insurance company. Johnson, best known as the best point guard ever, earned around $40 million total as a Los Angeles Lakers player, mainly in the 1980s. Even at his peak, Johnson only brought in between $2 million and $4 million per year in his career.

The majority of Johnson’s net worth comes from joint venture partnerships and working with up-and-coming brands. He is best known for his massive success as a basketball player, but his wealth is built through joint venture partnerships and working with up-and-coming brands. According to Forbes, Johnson’s net worth currently sits at an eye-watering $1.2 billion.

In addition to his professional career, Johnson has also been recognized as a golfer by Tiger Woods. He has a net worth of $800 million, making him one of the most successful athletes in history. Johnson’s wealth is built through his investments in several professional sports teams and his majority ownership of EquiTrust insurance company.