Magic Johnson Net Worth (2025)
Basketball Player, Entrepreneur

Net Worth
Wealth Tier: Mega-Millionaire
Net worth between $500 million and $1 billion
Annual Income
$10 million per year from business ventures and endorsements
Net Worth Timeline
2022: $600 million, 2023: $650 million, 2024: $700 million
Magic Johnson's Biography
Magic Johnson, born Earvin Johnson Jr. on August 14, 1959, is an iconic American basketball legend and highly successful entrepreneur. Best known for his dazzling playmaking skills, Magic led the Los Angeles Lakers to five NBA championships during the 1980s, earning three NBA MVP awards and becoming a central figure in the 'Showtime' Lakers era. A 12-time NBA All-Star and Olympic gold medalist, Johnson is celebrated for revolutionizing the point guard position with his unique blend of size, vision, and charisma. Off the court, Magic Johnson made headlines in 1991 when he publicly announced his HIV diagnosis, becoming one of the first major athletes to do so and a powerful advocate for HIV/AIDS awareness. After retiring from basketball, Magic transitioned into a hugely successful business career, founding Magic Johnson Enterprises and investing in diverse ventures such as movie theaters, restaurants, and sports teams, including a stake in the LA Dodgers. His business acumen has made him one of the wealthiest former athletes, with an estimated net worth of $700 million in 2024. Johnson is also a philanthropist, dedicating his resources to empowering urban communities and supporting educational initiatives. With his enduring influence in sports, business, and social causes, Magic Johnson remains a role model and an inspirational public figure worldwide.
Wealth in Perspective
Fun Fact
Magic Johnson got his famous nickname after a sportswriter saw him score a triple-double in high school.
Full Name
Earvin Johnson Jr.
Nickname
Magic
Nationality
American
Birthday
August 14, 1959
Age
65
Zodiac Sign
Leo
Height
6'9" (206 cm)
Weight
220 lbs (100.0 kg)
Marital Status
Married
Spouse
Cookie Johnson
Children
3
Education
Michigan State University
Famous For
NBA Hall of Fame basketball career with the Los Angeles Lakers
First Big Break
Drafted 1st overall by the Los Angeles Lakers in 1979 NBA Draft
Social Media
Twitter: @MagicJohnson, Instagram: @magicjohnson
Businesses Owned
Magic Johnson Enterprises, part ownership in LA Dodgers, various investments in movie theaters, restaurants, and sports teams
Awards
5× NBA Champion, 3× NBA Finals MVP, 3× NBA Most Valuable Player, 12× NBA All-Star, Olympic Gold Medalist (1992), NBA Hall of Fame (2002)
Category
Athletes
Controversies
HIV diagnosis in 1991, brief retirement and comeback, public criticism of Lakers management tenure
Hobbies
Golf, business, philanthropy
Interests
Sports, entrepreneurship, community development
Quote
"All kids need is a little help, a little hope and somebody who believes in them."