Magic Johnson was a professional basketball player who played President of basketball operations for the Los Angeles Lakers. Johnson’s height is 6 ft 9 in. Johnson was born on August 14, 1959, in Lansing, Michigan. This article takes a deep dive into Magic Johnson’s net worth.Image Credit: Flickr: Rafael Amado Deras
In high school, Magic Johnson played basketball for Everett High School (Michigan) (Lansing, Michigan). Johnson played basketball in college with Michigan State Spartans men’s basketball (1977-1979) and started playing professionally in 1979. In the 1979 National Basketball Association draft, Johnson was chosen number 1 in round 1 by the Los Angeles Lakers. Johnson left the game of basketball in 1991, 1996.
Johnson played for the Los Angeles Lakers during 1979-1990, 1995. Some of the highlights of Magic Johnson’s career included: 5× NBA champion, 3× Bill Russell NBA Finals Most Valuable Player Award, 3× NBA Most Valuable Player Award, 12× NBA All-Star, 2× NBA All-Star Game Most Valuable Player Award, 9× All-NBA First Team, All-NBA Second Team, NBA All-Rookie First Team, 4× List of National Basketball Association annual assists leaders, 2× List of National Basketball Association annual steals leaders, J. Walter Kennedy Citizenship Award, NBA’s 50th Anniversary All-Time Team, No. 32 Hall of Famers, retired and honored numbers; List of NCAA Men’s Division I Basketball champions, NCAA Final Four Most Outstanding Player, Consensus first-team NCAA Men’s Basketball All-Americans, Second-team NCAA Men’s Basketball All-Americans – National Association of Basketball Coaches, Third-team All-American – Associated Press; United Press International, and No. 33 Retired numbers.
Johnson set a career record of 17,707 (19.5 ppg) points, 6,559 (7.2 rpg) rebounds, and 10,141 (11.2 apg) assists. Johnson won a gold medal in the 1992 Summer Olympics in the Basketball at the 1992 Summer Olympics event.
Basketball player yearly earnings can range between a couple thousand dollars and millions of dollars annually, depending on a number of statistics. Although typical NBA players make a salary of around $2 million, a few with D-league crossover contracts earn as little as $50,000. The salary cap for NBA players is nearly $100 million, although as of today no player brings in anywhere near that much money. The top players in the league earn nearly $35 million. Outside of the NBA, yearly earnings can dip below $20,000 per year for minor league teams.
So what is basketball player Magic Johnson’s net worth in 2018? Johnson earned a career high salary of around $3 million in ’89. Our estimate for Magic Johnson’s net worth as of 2018 is: $490 million
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