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NBA Players

Magic Johnson Net Worth

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Magic Johnson Net Worth

What is Magic Johnson’s net worth?

Net Worth:$1.2 Billion
Age:65
Born:August 14, 1959
Gender:Male
Height:2.06 m (6 ft 9 in)
Country of Origin:United States of America
Source of Wealth:Professional NBA Player
Last Updated:Jun 3, 2025

Introduction

Magic Johnson Jr. is an American former professional NBA player with an estimated net worth of $1.2 Billion.

 

Quick Facts

  • Earned $39.3 million during his NBA career
  • Peak annual salary of $3.1 million in 1988
  • Signed a 25-year, $25 million extension with the Los Angeles Lakers
  • The contract paid him $1 million/year until the age of 50

 

Estimated Net Worth

In 2024, Magic Johnson’s net worth is $1.2 Billion. 

One of the most significant issues professional athletes often have is managing their money correctly. Over 65% of NBA players go broke within the first five years of retirement. This shows just how smart Johnson has been with his finances; not only has he been able to keep his NBA earnings, but he has also grown his wealth significantly through other endeavors.

In October 2023, Forbes listed Magic Johnson as a billionaire due to his impressive investment interests, including his 60% stake in the life insurance company Equitrust.

While Johnson only made $40 million from his professional NBA career, his franchise investments and ownership stakes in various companies, including sports teams, catapulted him to billionaire status.

 

NBA Earnings & Contracts

YearTeamSalary
1979/80Los Angeles Lakers$460,000
1980/81Los Angeles Lakers$460,000
1981/82Los Angeles Lakers$460,000
1982/83Los Angeles Lakers$460,000
1983/84Los Angeles Lakers$460,000
1984/85Los Angeles Lakers$1,000,000
1985/86Los Angeles Lakers$2,500,000
1986/87Los Angeles Lakers$1,000,000
1987/88Los Angeles Lakers$2,500,000
1988/89Los Angeles Lakers$3,142,860
1989/90Los Angeles Lakers$1,000,000
1990/91Los Angeles Lakers$2,400,000
1991/92Los Angeles Lakers$2,500,000
1992/93Los Angeles Lakers$2,500,000
1993/94Los Angeles Lakers$2,500,000
1994/95Los Angeles Lakers$1,000,000
1995/96Los Angeles Lakers$1,000,000
1996/97Los Angeles Lakers$1,000,000
1997/98Los Angeles Lakers$1,000,000
1998/99Los Angeles Lakers$1,000,000
1999/00Los Angeles Lakers$1,000,000
2000/01Los Angeles Lakers$1,000,000
2001/02Los Angeles Lakers$1,000,000
2002/03Los Angeles Lakers$1,000,000
2003/04Los Angeles Lakers$1,000,000
2004/05Los Angeles Lakers$1,000,000
2005/06Los Angeles Lakers$1,000,000
2006/07Los Angeles Lakers$1,000,000
2007/08Los Angeles Lakers$1,000,000
2008/09Los Angeles Lakers$1,000,000
Total Career Earnings:$38,342,860

Magic Johnson signed his first NBA contract at 20 years old in 1979. The deal was for five years, worth $2.3 million. While that may not seem like much for the NBA, if we adjust for inflation, that contract would be worth $9.8 million today. Johnson’s first season with the Lakers earned him a base salary of $460,000.

In 1981, Johnson signed a new contract, a deal never seen before in the NBA. The deal was for $25 million over 25 years, starting in 1984 and ending in 2009. This meant that the Lakers would pay Magic Johnson a base salary of $1 million a year, even after he retired and until he turned 50.

Shaquille O’Neal called the contract the worst in NBA history, asking, “How was that even legal?”

Considering that NBA players can often score their most valuable contracts after already finishing their first and second, Johnson’s earning potential was likely cut short. Johnson said he was just happy to be getting paid a million dollars a year.

Although Magic Johnson retired in 1996, the Los Angeles Lakers still paid him his $1 million yearly until 2009. His total NBA earnings amounted to $39 million.

 

Magic Johnson Enterprises

Magic Johnson Enterprises, an investment company, was formed in 1987 by Magic himself. In its early days, the company owned a range of franchises, including 31 Burger King locations and 13 24-Hour Fitness locations. The company also invested in other chains such as TGI Fridays, Sodexo, and Starbucks.

In October 2010, Johnson sold his 4% stake in the Los Angeles Lakers for $27 million. Today, the company provides strategic partnerships, direct company investments, and marketing services. Companies also hire Johnson to speak at events, delivering an estimated 40 speeches per year.

 

Highlights

Here are some of the best highlights of Magic Johnson’s career:

  • NBA All-Rookie Team (1980)
  • 5x NBA champion (1980, 1982, 1985, 1987, 1988)
  • 3x NBA Finals MVP (1980, 1982, 1987)
  • 12x NBA All-Star (1980, 1982–1992)
  • All-NBA Second Team (1982)
  • 9x All-NBA First Team (1983–1991)
  • 3x NBA Most Valuable Player (1987, 1989, 1990)
  • 2x NBA All-Star Game MVP (1990, 1992)

What do you think about Magic Johnson’s net worth? Leave a comment below.

Dan Western is a British journalist with a decade's worth of experience in researching financial information of the world's most influential people.

5 Comments

5 Comments

  1. Orlando Carter

    Mar 22, 2020 at 11:57 pm

    He been some I like as a person and proud of everything he has done and my number one fan in the world

  2. Delano Akins

    Mar 28, 2020 at 3:10 pm

    The Goat not really much else you can say you think what a great story for anyone to be inspired by

  3. Rev.Dr Martha E.Granger

    Apr 17, 2020 at 7:58 am

    I think Majic earned every dime he has, he is an inspiration to the sport of basketball and to African American People in particular and he’s not done yet! Majic has and always will be my favorite player, I like Landon,I liked Kobe but there was and is only one MAJIC!

  4. Yusuf Yahaya

    Apr 22, 2020 at 11:43 am

    I’m greatly inspired by the life of Magic Johnson’s.Despite testing positive to HIV he didn’t allow it to weigh him down.What a man.

  5. Leonardo Skinner

    May 20, 2020 at 12:30 am

    I think Magic Johnson is one of the most
    Inspiring humanitarian in the world today.

Leave a Reply

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NBA Players

Fred VanVleet Net Worth

How much is the American NBA player Fred VanVleet worth?

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Fred Vanvleet Net Worth Profile

What is Fred VanVleet’s net worth? 

Net Worth:$45 Million
Age:31
Born:February 25, 1994
Gender:Male
Height:1.85 m (6 ft 1 in)
Country of Origin:United States of America
Source of Wealth:Professional NBA Player
Last Updated:Jun 2, 2025

Introduction 

Fred VanVleet is an American professional NBA player for the Houston Rockets with an estimated net worth of $45 Million.

 

Quick Facts

  • Projected to earn $42.8 million for the 2024/25 season
  • Lifetime earnings total $165.1 million from salary
  • Signed a 3-year, $128.5 million contract with the Houston Rockets in 2023

 

Career Overview

VanVleet was signed to play in the NBA Summer League with the Toronto Raptors in 2016. His summer league contract guaranteed three-game appearances. He made his league debut on November 9, 2016. He scored his first two points in the Raptors’ 19th game and his fourth appearance, which came against the Los Angeles Lakers. 

The following year, he posted a career-high 16 points against the Indiana Pacers. A few days later, he had a career-high nine assists in a win over the Charlotte Hornets.  VanVleet re-signed with the Raptors in 2018. He scored a season-high 19 points on the 9th of December of the same year. Two days later, he had a career-high 14 assists in a 123-99 win over the Los Angeles Clippers. 

The Raptors entered the 2019 NBA playoffs as the number two seed, where he was a vital bench player for the team. In Game 6, he scored 14 points in a win over the Bucks, helping the Raptors advance to the NBA Finals for the first time in franchise history. 

 

NBA Salary

YearTeamSalary
2016/17Toronto Raptors$543,471
2018/19Toronto Raptors$8,653,847
2019/20Toronto Raptors$9,346,153
2020/21Toronto Raptors$21,250,000
2021/22Toronto Raptors$19,675,926
2022/23Toronto Raptors$21,250,000
2023/24Houston Rockets$40,806,300
Total Career Earnings:$121,525,697

Despite not being selected in the 2016 NBA draft, Fred VanVleet was eventually signed by the Toronto Raptors on a two-year deal worth $1.4 million. VanVleet initially turned down two offers to play in the NBA Development League for $20,000 a year over two years, hoping an NBA team would select him. VanVleet earned $543,000 in his first NBA season, increasing to $1.3 million for his second season.

In 2018, he signed a two-year deal worth $18 million with the Raptors, increasing his average annual salary to $9 million.

In 2020, VanVleet signed a new four-year deal with Toronto valued at $85 million. He earned $21.25 million for the 2020/21 season, $19.7 million in 2021, and $21.25 million in 2022.

Thus far in his NBA career, Fred VanVleet has earned $122.3 million.

 

Endorsement Deals

VanVleet signed an endorsement deal with AND1 in November 2019, becoming the face of the brand. This deal followed his impressive performance with the Toronto Raptors during their 2019 NBA Championship run.

In 2020, VanVleet officially signed a multi-year shoe deal with Li Ning, the Chinese sneaker brand. His first signature shoe with them, the “Li-Ning Speed VII,” was released soon after signing that same year. While the value of the agreement has not been publicly disclosed, several other NBA players have signed with the brand in the past, including CJ McCollum and Dwyane Wade, reportedly earning several million dollars annually.

He then starred in a 2021 Samsung commercial alongside young basketball player Deniya Prawl, promoting the brand’s ease of gaming and interacting on devices.

VanVleet is available for corporate appearances, speaking engagements, meet-and-greets, and endorsements for a fee of around $15,000 per event.

 

Fines & Suspensions

Throughout his NBA career, Fred VanVleet has reportedly received fines and suspensions totalling $365,552. Perhaps the most notable of which was his one-game suspension without pay in April 2021 after leaving the bench to get involved in an altercation between the Raptors and Lakers. This resulted in him losing approximately $146,552 in salary.

Between 2023 and 2024, VanVleet received three notable fines. The first was a $30,000 fine for publicly criticizing the referee Ben Taylor after suffering a loss to the Los Angeles Clippers. He was then fined $50,000 for, again, issues with the game’s officiating, directing abusive language to the referee in a game against Portland. Finally, he was fined $35,000 for, you guessed it, an issue with an official during a game against Miami. VanVleet’s additional career fines have all been $2,000 fines for technical fouls and ejections.

 

Estimated Net Worth

Fred VanVleet’s net worth is estimated to be roughly $45 Million.

 

What do you think about Fred VanVleet’s net worth? Leave a comment below. 

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NBA Players

Malik Beasley Net Worth

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Malik Beasley Net Worth Profile

What is Malik Beasley’s net worth? 

Net Worth:$20 Million
Age:36
Born:January 9, 1989
Gender:Male
Height:1.93 m (6 ft 4 in)
Country of Origin:United States of America
Source of Wealth:Professional NBA Player
Last Updated:Jun 2, 2025

Introduction 

Malik Beasley is an American professional NBA player for the Milwaukee Bucks with an estimated net worth of $20 Million.

 

Quick Facts

  • Projected to earn $6 million for the 2024/25 season
  • Lifetime earnings from salary total $59.9 million
  • Signed a 1-year, $6 million contract with the Detroit Pistons in 2024

 

NBA Salary

YearTeamSalary
2016/17Denver Nuggets$1,627,320
2017/18Denver Nuggets$1,700,640
2018/19Denver Nuggets$1,773,840
2019/20Minnesota Timberwolves$2,731,714
2020/21Minnesota Timberwolves$13,425,895
2021/22Minnesota Timberwolves$14,491,964
2022/23Los Angeles Lakers$15,558,035
2023/24Milwaukee Bucks$2,019,760
Total Career Earnings:$53,329,168

In 2016, Malik Beasley signed a four-year rookie contract worth $7.8 million with the Denver Nuggets. The deal was initially guaranteed at $3.3 million at signing and was fully guaranteed overall, with Beasley earning $1.6 million in his first NBA season.

He would earn $1.7 million in 2017 and $1.8 million in 2018 with the Nuggets before being traded halfway through the 2019/20 season to the Minnesota Timberwolves. Beasley retained $1.6 million from the Nuggets for the year and earned $925,000 playing at Minnesota.

The following year, Beasley signed a new four-year deal with the Timberwolves worth $60 million, which increased his average annual salary to $15 million. He earned $13.6 million in 2020 and $14.4 million in 2021.

In mid-2022, he was traded to the Utah Jazz, where he spent just half a season earning $10.2 million, and then traded to the Lakers, where he earned an additional $5.2 million in the year. At the end of the year, the Lakers declined Beasley’s fourth-year option, and subsequently, he signed a one-year deal with the Milwaukee Bucks valued at $2.7 million. With his contract expiring this year, it’s unknown where Beasley will land for the 24/25 season.

Thus far in his NBA career, Malik Beasley has earned $53.8 million, of which $29 million has come from his time with the Timberwolves.

 

Estimated Net Worth

Malik Beasley’s net worth is estimated to be roughly $20 Million.

 

Fines & Legal Issues

In September 2020, Maliik Beasley was involved in an altercation outside his home in Minnesota. A family had accidentally parked outside Beasley’s house while on a tour, and Malik approached them, allegedly pointing a rifle at the family. The police were called, and after conducting a search on his property, they found several firearms and marijuana. 

Beasley was arrested for felony threats of violence and fifth-degree drug possession. He pleaded guilty, and while the drug charge was dropped, he still received a 120-day jail sentence. After his conviction, he was placed on probation and required to attend an anger management program.

The financial impact of the situation, aside from his legal fees and potential lost sponsors, was a 12-game NBA suspension without pay. League rules state that as long as the suspension doesn’t exceed 20 games, the player will lose 1/145 of their base salary per game missed. This equated to Beasley losing approximately $1.65 million in compensation that season.

 

On-Court Fines

On the court, Malik’s highest fine was $35,000 in 2022 for making inappropriate contact with Drew Eubanks during a game against the Portland Trail Blazers. He’s also received twenty-one $2,000 fines for technical fouls and ejections, totaling an additional $42,000.

 

Real Estate

In March 2021, Malik Beasley paid $1.96 million for a 6,796-square-foot, five-bedroom, six-bathroom home on Mooney Lake in Plymouth, Minnesota. In February 2024, he relisted the property for sale with an asking price of $2.695 million. It sold for $2.6 million two months later, likely earning Beasley a net profit between $200,000 and $300,000.

 

Highlights

Here are some of the best highlights of Malik Beasley’s career:

  • Drafted by the Denver Nuggets (2016)
  • Atlantic Coast Conference – All-Conference – Honorable Mention (2016)
  • Kyle Macy – Freshman All-American (2016) 

What do you think about Malik Beasley’s net worth? Leave a comment below. 

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NBA Players

Zion Williamson Net Worth

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Zion Williamson Net Worth Profile

What is Zion Williamson’s net worth?

Net Worth:$18 Million
Age:24
Born:July 7, 2000
Gender:Male
Height:1.98 m (6 ft 6 in)
Country of Origin:United States of America
Source of Wealth:Professional NBA Player
Last Updated:Jun 3, 2025

Introduction 

Zion Williamson is an American professional NBA player for the New Orleans Pelicans with an estimated net worth of $18 Million.

Williamson is still relatively fresh into his NBA career, having just completed his rookie contract. With five seasons under his belt, Zion has averaged 22.9 points per game and a salary of $15.5 million per year. Thus far, Williamson has earned $77.6 million in base salary and additional income from endorsements estimated to be between $50-$60 million.

 

Quick Facts

  • Projected to earn $36.7 million in salary for the 2024/25 season
  • Earned $77.6 million in salary thus far
  • Signed a five-year, $197.2 million extension with the Pelicans in 2023
  • Typically earns $12 million/year from endorsements
  • Signed a seven-year, $77 million endorsement deal with Jordan

 

Net Worth History

We first researched Zion Williamson’s net worth in 2020. He was estimated to be worth $8 million back then, but that was when he only earned $9 million yearly. Since then, he’s gained an additional $68 million in salary and roughly $50-$60 million from endorsements.

In 2024, Zion Williamson’s net worth is estimated to be $18 Million. 

 

High School Basketball

Zion Williamson started making a name for himself in high school, winning the Under Armour Elite 24 showcase dunk contest. 

During his junior season, Williamson went viral with his highlight videos, and Drake even wore his jersey in an Instagram post. After surpassing 2,000 points in January 2017, Williamson appeared on the cover of Slam and received All-USA First Team Honors. 

Williamson finished his high school career as South Carolina’s Mr. Basketball and the runner-up to Mr. Basketball USA. In a live interview on ESPN, Williamson committed to attending Duke University, playing his first game for them in November 2018. 

 

Duke University

Zion Williamson started his collegiate career strong and was named the Atlantic Coast Conference Freshman of the Week. Soon after, he broke the record for the most points recorded in a single game and was named ACC Freshman of the Week once more. 

Unfortunately, in February 2019, Williamson was benched with a knee sprain after his shoe broke, causing him to slip. Following the incident, Nike’s stock dropped $1.1 billion, while Williamson earned Rookie of the Year and Player of the Year honors. He then appeared in the NCAA Tournament, joining Kevin Durant and Anthony Davis as the third freshman to earn 500 points, 50 steals, and 50 blocks in a season. 

 

New Orleans Pelicans

After entering the 2019 NBA draft, the New Orleans Pelicans selected Zion Williamson with the first pick. 

Unfortunately, Williamson tore the cartilage in his knee during the preseason, delaying his debut until January 2020. However, once he was on the court again, Williamson wasted no time making a name for himself and racking up points. In his first eight games, he scored at least 20 points in four consecutive games, the longest 20+ point streak by a rookie Pelican. 

Soon after, he surpassed Carmelo Anthony as the first teenager to score at least 20 points in 10 consecutive games in NBA history. He became the first rookie since Michael Jordan to earn 16 20-point games within their first 20 contests. 

 

Success & Injury

Following his rookie season, Zion Williamson tied Kareem Abdul-Jabbar’s record for the longest 20-point streak in his first two seasons. His streak eventually surpassed Wilt Chamberlin and Karl Malone’s streaks, tying him with Shaquille O’Neal’s record of 25. 

While things were going well for the basketball star, during the 2021 off-season, he suffered a fracture in his foot and underwent surgery. Williamson missed the entirety of the 2021-2022 season, but in July 2022, he signed a five-year extension with the Pelicans. 

He returned in October 2022 and earned Western Conference Player of the Week honors before being sidelined with a hamstring injury in January. Ultimately, he ended up sitting out the rest of the season and returning in November 2023. Although he returned strong, on April 16, 2024, he suffered another injury during a game against the L.A. Lakers.

 

NBA Salary

YearTeamSalary
2019/20New Orleans Pelicans$9,757,440
2020/21New Orleans Pelicans$10,245,480
2021/22New Orleans Pelicans$10,733,400
2022/23New Orleans Pelicans$13,534,817
2023/24New Orleans Pelicans$34,005,250
Total Career Earnings:$78,276,387

In 2019, Zion Williamson signed a four-year rookie contract worth $44.3 million with the New Orleans Pelicans. The deal was initially guaranteed at $20 million at signing and was fully guaranteed overall.

Williamson earned $9.15 million for his first season in the NBA, which is incredibly high for a rookie’s first season. His annual salary increased to $10.2 million in 2020 and $10.7 million in 2021, reaching $13.5 million for the final year of his contract.

In 2023, Williamson signed his five-year rookie extension with the Pelicans, valued at $197.2 million. Again, the deal is fully guaranteed and increases Williamson’s average annual salary from $11.1 million to $39.5 million. He earned $34 million last season and is estimated to earn $36.7 million in the upcoming 2024/25 season.

Thus far in his NBA career, Zion Williamson has already earned $77.7 million with an additional $157.7 million in guarantees remaining.

 

Endorsements

As the number one pick in the 2019 NBA draft, brands lined up to sign high-value endorsement deals with Zion Williamson. The year the Pelicans selected him, a bidding war took place to obtain Zion on a shoe endorsement contract, with Nike winning out over the competition.

Williamson signed a 7-year deal with Nike Jordan worth $75 million, averaging $10.8 million/year. It was recorded as the most valuable NBA shoe deal since Nike signed LeBron in 2003. Zion released his first signature shoe, the Jordan Zion 1, in April 2021, and he has since released two more.

In the same year he signed with Nike, it was reported that Williamson signed a multi-year deal with Gatorade, which is estimated to earn him a 7-figure sum annually. Thanks to his big brand deals with Nike and Gatorade, Forbes estimated Zion Williamson’s endorsement income to be $20 million in 2020.

Williamson has also worked with brands such as:

  • Bolt 24
  • Mountain Dew (Commercial with Zach LaVine)
  • NBA2K
  • Slam
  • Starry

Estimates of Zion’s annual endorsement income fell significantly to $12 million for 2023.

 

Real Estate

In May 2020, Zion Williamson reportedly paid $730,000 for a 5,954-square-foot, five-bedroom home in New Orleans, Louisiana. The property had previously been listed for $874,500 and was pending sale at $839,900. Williamson still owns the house.

 

What do you think about Zion Williamson’s net worth? Leave a comment below.

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