Damita Coletta

Magic Johnson Net Worth 2024 Projections 2023. Forbes now estimates his net worth to be $1.2 billion—the result of his stakes in those teams, and major investments in a slate of industries, including a 60% stake in iowa. While most people know him for his exceptional talent on the basketball court, much of the athlete’s wealth.

Magic johnson’s financial stature stands impressively at an estimated $640 million. New york cnn — former nba star and investor magic johnson is officially a billionaire, becoming the fourth athlete to earn that title, according to forbes.