Magic Johnson Net Worth 2024 Projection. The basketball hall of famer is worth $1.2 billion thanks to investments in several professional sports teams and a life insurance company that has reached new heights. With a net worth of $1.2 billion, forbes just deemed him the latest sports billionaire, making him only the fourth professional athlete to do so after nba legends michael.

Magic johnson is now the fourth athlete to be named billionaire with a majority of his net worth coming from an investment in life insurance company equitrust. Manage consent settings on amp pages.