Magic Johnson Net Worth 2023 Estimate. However, the los angeles lakers legend worked his way up the business world. 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 under.

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 under. When johnson finally called it quits in 1996, he had earned just $40 million from his nba career.