Magic Johnson, a former NBA player and entrepreneur, has become the fourth athlete to be named billionaire, with a majority of his net worth coming from an investment in life insurance company EquiTrust. The rest of his wealth has come, in part, from his small stakes in professional sports teams. According to Forbes, Johnson’s net worth in 2024 is approximately $1.2 billion. His wealth is primarily derived from his majority ownership of EquiTrust insurance company, which has reached new heights under his ownership.
Johnson, 64, is worth about $1.2 billion, according to the publication calculated by Forbes. He is one of only four athletes, along with Michael Jordan, LeBron James, and Tiger Woods, who have achieved 10-figure status. However, unlike his peers, Johnson has been retired from sports for over 28 years.
In October 2023, Forbes named him a billionaire. Johnson earned only around $40 million total as a Los Angeles Lakers player, mainly in the 1980s. As of 2024, his net worth is estimated to be around $1.2 billion. His wealth is built through joint venture partnerships, working with up-and-coming companies.
Earvin “Magic” Johnson Jr. is a retired American basketball player and entrepreneur with a net worth of $800 million. The business magazine and media site estimate Johnson’s worth to be around $1.2 billion.
📹 Magic Johnson Lifestyle 2023 | Net Worth, Fortune, Car Collection, Mansion..
Besides being considered an American basketball legend, Magic Johnson is a successful businessman and owner of a huge …
📹 How Magic Johnson Spends $600 Million Dollars
Magic Johnson has a net worth of $600 million, which makes him one of the richest NBA stars of all time. He amassed only $40 …
Magic Johnson’s net worth is not $600M It’s much more. Forbs & Celebrity net worth has been saying Magic’s $600M amount for the last 4 years, in the world of high profile entrepreneurs and businessmen like Magic Johnson who owns several businesses and sports teams. They only mention that his company is worth 1 Billion and again that was 4 years age. Magic’s company is private, but if they have no ideal what his real net worth is then they should say these numbers are probably much higher be can’t confirm it, because his co is private.