Magic Johnson net worth

Net Worth

Net Worth: $700.0 million Mega-Millionaire
$700.0 million
$500M $625M $750M $875M $1B

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."

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