NBA Star Magic Johnson’s Net Worth Rounded Up To Millions of Dollars Despite of the Racist Remarks Made Against Him

Earvin "Magic" Johnson has been recently criticized by Clippers owner Donald Sterling in his racist remarks, but how much is the famous basketball star's net worth?

Magic Johnson is a famous basketball player who retired during the 90s after the discovery of his condition related to HIV infection. He became a recent target of the controversial racist remarks made by Sterling following an Instagram post made by Sterling's girlfriend. The photo shows that Sterling's girlfriend and the basketball icon are together, however, as one of the most well-known players of all time, many are wondering about the star's total net worth.

Being in the basketball court for a long time and with all that fame, every player could make a lot of money. Magic Johnson's net worth started to topple when he entered NBA after being drafted first in 1979. He then began his career with the Los Angeles Lakers.

During his career in NBA, he achieved recognitions including here MVP Awards, nine NBA Finals appearances, twelve All-Star games and ten All-NBA First and Second Tram nominations. In 1996, he was even honored as one of the 50 Greatest Players in NBA history. He was also enlisted in the Basketball Hall of Fame in 2002.

Being argued as one of the highest paid contracts in the sports history, Magic Johnson's net worth is eventually increased. Aside from a pro in basketball, he became an advocate for HIV/AIDS prevention after his retirement. He is also an entrepreneur and recognized as one of the America's most influential black businessmen in 2009, Ebony magazine says.

Furthermore, he gained his wealth after having millions of dollars out from his salary. He earned over $18 million out from his salary alone while making other millions from his endorsements. After retirement, he launched a business empire known as the Magic Johnson Enterprise that is now valued up to 1 billion while owning several other businesses such as having Starbucks chains and even having a share from The Lakers. His net worth is estimated to be around $500 million.