Magic Johnson Net Worth 2024 Factors List. Former basketball icon magic johnson has become the fourth sports star to reach billionaire status, with a net worth of $1.2 billion, according to forbes’ calculation. His $1.2 billion net worth ranks #2,517 out of the total of 2,781.

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. Forbes just anointed earvin “magic” johnson a billionaire joining michael jordan, tiger woods, and lebron james.