Who is Magic Johnson? | Johnson’s Net Worth

Who is Magic Johnson? | Johnson's Net Worth.
Who is Magic Johnson? | Johnson's Net Worth.

Who is Magic Johnson? | Johnson’s Net Worth. Explore Magic Johnson’s early life, career, and professional life to gain a better understanding of his net worth.

Who is Magic Johnson?

A retired American basketball player, Earvin “Magic” Johnson Jr. has been widely credited with the development of great point guards and is among the greatest NBA players. 

In the National Basketball Association (NBA), he played for 13 seasons, demonstrating exceptional playmaking capabilities, flashy passes, and clutch performances that dazzled fans with his incredible playmaking abilities.

Johnson’s Net Worth:

There is a $620 million net worth associated with Johnson.

The Early Life of Johnson

His parents, Earvin Johnson Jr. and Christine, a school janitor, were born in Lansing, Michigan. 

The work ethic of his parents greatly influenced him. Having grown up in a large family with six siblings and three half-siblings from his father’s previous marriage, his strong work ethic has greatly been influenced by them. 

Responsible for cleaning the house every evening:

He was responsible for cleaning the house every evening and preparing meals, while his father collected garbage and cleaned at a used car lot while working at General Motors, never missing a day of his job. 

Children called him Garbage Man:

Having helped his father with his garbage route, Johnson became known among the children as “Garbage Man.”

He also looked up to other players such as Earl Monroe and Marques Haynes. Johnson comes from an athletic background with a strong connection to the sport. 

He received many of the finer points of the game from his father who played high school basketball in Mississippi. The mother, who was born and raised in North Carolina, had an interest in basketball and watched her brothers play the sport when she was a child.

Love for basketball:

He developed a love for basketball as a young man and became a huge fan of Bill Russell due to his athletic ability as well as his many championships wins. Aside from the players he admired, Johnson spent hours practicing the sport. 

High school career:

The nickname “Magic” was given to Earvin Johnson Jr. during his sophomore year at Everett High School for his outstanding performance of 36 points, 18 rebounds, and 16 assists in one game. The name was given to him by a sports writer for the Lansing State Journal, Fred Stabley Jr., despite Johnson’s mother’s objections to the name. 

Johnson’s  achievements in his final high school season:

A 27-1 record and an overtime win in the state championship game were among Johnson’s achievements in his final high school season. At the same time, he averaged 28.8 points and 16.8 rebounds per game.

In his final season of high school, he won the state championship:

The state championship victory Magic Johnson led Everett High School to in his final high school season was dedicated to his best friend Reggie Chastine, who died in a car accident the previous summer.

The development of Johnson on and off the court was credited to Chastine, who built up his self-confidence after he doubted himself. They spent a great deal of time together playing basketball or driving Chastine’s car. 

Magic Johnson Net Worth 2023: NBA Salary Earning Assets Cars

Magic’s friend’s passing caused him to run from  his house:

The news of Magic’s friend’s passing caused him to run from his home, uncontrollably with grief. As a result of Magic’s outstanding performance in high school, he was voted twice as an All-State player and was hailed as the best high school player to have ever emerged from Michigan during that period. He was also chosen for McDonald’s All-American Team in 1977.

Professional career of Magic Johnson:

In 1979, Johnson was picked first overall by the Los Angeles Lakers. He was excited to play with Kareem Abdul-Jabbar, who was considered one of the best players in NBA history and one of the best players of all time. 

It was expected that Johnson would help change that reality after Abdul-Jabbar hadn’t won a championship with the Lakers. It was Jack McKinney’s decision, despite his youth, to ask Johnson to play point guard, a position already filled by one of the league’s best point guards, Norm Nixon. 

Johnson’s new role:

Adapting quickly to his new role, Johnson scored 18.0 points per game, gathered 7.7 rebounds, and assisted 7.3 times per game, earning him a spot on the NBA All-Rookie Team as well as being selected to start the NBA All-Star Game.

In 1980-81, at a low point in his career,

It was Johnson’s low point in his life when he suffered a torn left knee cartilage in the 1980-81 season, which caused him to sit out 45 games. He said later that this was one of his worst times because he felt like he couldn’t help his team. 

In 1981 Johnson returned as an assistant coach:

Johnson returned to the Lakers before the 1981 playoffs as an assistant coach and later as head coach of the Lakers, but his return sparked tension among the team, according to Pat Riley. In the first round of the playoffs, the Lakers lost 2-1 to the Houston Rockets because Johnson missed a last-second shot that air balled, which ultimately led to their defeat.


A former American professional basketball player, Magic Johnson has acquired an extensive amount of knowledge and skills over the years as a point guard. Johnson is not only a successful businessman, but he has also made a lot of smart investments in many different fields. His net worth is more than $620 million. 

He only got this far because he was determined, worked hard, and never stopped trying to be the best. Magic Johnson has left a legacy that will continue to inspire people to achieve their goals and have a positive impact on society for many years to come.