magic johnson net worth 2016

Earvin Johnson Jr. popularly known as Magic Johnson got birth on August 14, 1959 in Lansing, Michigan. The guy is regarded as the top retired American and professional basketball player. In this piece of content, we will discuss about the Magic Johnson’s biography, his entire life history, his early life and professional career, his salary/income/earnings, total savings/projects and endorsement deals and his total net worth for year 2016.

About Magic Johnson and his Professional career:

Magic Johnson had a keen interest towards basketball since his early childhood. He used to watch basketball games and his favorite players include the names of Bill Russell, Earl Monroe and Marques Haynes. His father taught him how to play basketball. At his high schooling, he was an excellent player. He later received a scholarship to Michigan State University and in year 1979, he got a national championship. Afterwards, he also got chosen as the top player in the National Basketball Association. In year 1998, he became the host of popular television show. The guy also got fame as a motivational speaker and an NBA commentator. He owns 125 Starbuck’s coffee shops, and is also the owner of Friday’s restaurants and popular movie theatres nationwide.

The guy has however retired but still he has got some huge amount of money saved in his locker. It is reported that his salary per game is only $365,000 per game. Not only a basketball player, he is also a great television host and an experienced entrepreneur.  He owns Magic Johnson Enterprises. The company features movie studio, chain of movie theaters, and some other popular ventures. The guy is also the owner of some popular sports clubs.

The guy has got a beautiful house located in Los Angeles, California. He has been residing in this attractive house since year 1989. In year 1991; the guy got married to Earlitha “Cookie” Kelly. The couple has got one son namely Earvin Johnson III and also a daughter which they adopted.

He has been reported to be the partner of various many popular and well-known brands which include the names of Starbucks, 24 Hour Fitness, T.G.I. Fridays, AMC Theatres.  He is a philanthropist who has invested about $1.1 million for the community-based organizations whose aim is to focus on HIV/AIDS education and prevention.

magic johnson net worth 2016

Magic Johnson’s Total Net Worth for year 2016:

Now let us discuss about the total net worth of Magic Johnson for year 2016. But first we have a look at the Magic Johnson’s movies and the total earnings generated from these movies so that we may have an estimated value for this total net worth for year 2016.

Movies Names Total earnings generated from the above mentioned movie ($)
Dangerous: The Short Films 41,666,667
Quartet 31,250,000
The Best Exotic Marigold Hotel 28,571,429
Harry Potter and the Deathly Hallows: Part II 25,641,026
 Malcolm in the Middle 21,739,130
Total amount of money generated from these movies 148,868,251

Now let us have a watch out at Magic Johnson’s total earnings generated in five consecutive years.

                   Year                                                 Earnings generated in the above year ($)
2011 256,410,256
2012 338,983,050
2013 416,666,667
2014 454,545,455
2016 500,000,000

Thus the total net worth of Magic Johnson for year 2016 is estimated as approximately $500,000,000. However, the total yearly income of Magic Johnson is estimated around $58,823,529 per year. Moreover, he also earns from the sponsorship contracts, endorsement deals and his participation in various many programs whose total worth is estimated at around $13,071,895. The major source of his earnings is his film contracts he appeared in. Some of his popular films include the names of Malcolm in the Middle , Dangerous: The Short Films and many more.

Note that these were just the estimations made according to the research and survey carried out on Magic Johnson’s personnel life, his income and salary, expenses, etc. Thus these are not the accurate figures but near to the original amounts.

If you know more Magic Johnson’s personnel life, his family and friends, his salary/income, endorsement deals, expenses, etc., let us know in the comment section below. Moreover, feel free to share your views/opinion about this piece of writing on Magic Johnson’s net worth 2016. We will always welcome your views and ideas. Furthermore, we will keep on updating you as soon as we get to know more about Magic Johnson’s total net worth for year 2016. Till then, for latest updates and accurate net worth information of the celebrities and richest personalities, stay locked to us.

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