Magic Johnson Net Worth: Biography, Career, Early Life, Relationship, Family, and many more

Magic Johnson Net Worth
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Magic Johnson, a former professional basketball player from the United States. Magic Johnson net worth is $615 million. I’ll absolutely tell you where and how this money came from, but first, let us to give you some background on Magic Johnson. Do you realise he took home the gold at the 1992 Olympics? He also joined the All-Star team in 1993 and was named Most Valuable Player.

In 2002, he was admitted into the Basketball Hall of Fame. There must be some of you Starbucks customers. Magic Johnson owns 125 Starbucks, in case you didn’t know. In addition to Starbucks, he also controls a chain of 40 to 50 movie theatres. You already know that he once played basketball, so pay attention to the fact that he has also played for the Dodgers. He has long served as a broadcaster for NBC, TNT, and ESPN.

Magic Johnson once served as the Los Angeles Lakers’ head coach. He has been associated with the Los Angeles Lakers for so long that from 1994 to 2010, he held a 10 percent stake in the basketball team. He also owns a prepaid MasterCard in his name, which very few of you are likely to be aware of.

Magic Johnson Biography

Magic Johnson Net Worth
Image Credit – NBA

On August 14, 1959, Magic Johnson was born in Michigan. With nine brothers and one sister, he came from a big family. His parents used to both work to support such a big family. Since he was a skilled basketball player as a youngster, his name was Magic in his high school.

Magic Johnson entered college after high school on a basketball scholarship and was selected by the NBA while still a student. The Golden Age of the Los Angeles Lakers is the period during which Magic Johnson was a member of the team.

Real NameEarvin “Magic” Johnson Jr.
Nick Name:Magic Johnson
Birth Place:Lansing, Michigan, United States
Date Of Birth/Birthday:14 August 1959
Age/How Old:62 Years old
Height/How Tall:In Centimetres – 206 cm
In Feet and Inches – 6′ 9″
Weight:In Kilograms – 100 kg
In Pounds – 220 lbs.
Eye Colour:Black
Hair Colour:Clean-Shaven
School:Everett (Lansing, Michigan)
College:Michigan State (1977–1979)
Zodiac Sign:Leo
Sexual Orientation:Straight
Kids/Children Name:EJ Johnson, Elisa Johnson, and Andre Johnson
Profession:American former professional basketball player
Magic Johnson Net Worth:$615 Million

In 1991, he stopped playing basketball. He revealed his HIV status to the world this year. This news was incredibly upsetting since, up until that point, it was thought that persons with HIV could not survive long. However, thanks to Johnson’s magic, he is still in excellent health 30 years after testing positive for the virus. Then, it was also thought that this illness mainly affects homosexuals and drug users. Magic Johnson has spent the last 30 years dispelling these myths.

Magic Johnson Relationship & More

AffairsNot known
GirlfriendNot known
Best FriendNot known
SpouseCookie Johnson (m. 1991)
ChildrenEJ Johnson, Elisa Johnson, and Andre Johnson
FatherErvin Johnson Sr.
MotherChristine Johnson
Siblings  Pearl, Quincy, Larry, lois, Yvonne, Kim Evelyn, Mary and Michael Johnson

Magic Johnson Early Life

Magic Johnson Early Life
Image Credit – MARCA

Magic Johnson Net Worth Is $615 Million

In Lansing, Michigan, on August 14, 1959, Magic Johnson was born. His mother Christine worked as a school janitor, while his father Earvin Sr. was an assembly line worker for General Motors. Magic had a passion for basketball while growing up and idolising players like Earl Monroe. Johnson attended Everett High School, where he soon joined the basketball team.

The moniker “Magic” was given to him by a local sportswriter when, at the age of 15, he recorded a triple-double of 36 points, 18 rebounds, and 16 assists. When he led his team to the state championship in his senior year, the reputation was cemented.

Johnson received offers from every prestigious college, but he chose to attend Michigan State University rather than travel far from home. When Indiana State University and their great player Larry Bird were their opponents in the NCAA championship game in 1979, Magic’s team fought them. Their matchup gave rise to one of the biggest rivalries in sports history and became the most watched college basketball game ever broadcast on television. Following Michigan State’s victory over Indiana, Johnson was voted the Final Four’s Most Outstanding Player.

Magic Johnson Earnings

Magic Johnson Net Worth
Image Credit – Sportscasting

Magic Johnson Net Worth Is $615 Million

Magic Johnson, a former professional basketball player from the United States, has a net worth of $615 million. The most well-known American former professional basketball player, Magic Johnson, has net worth of over $615 million.

Magic Johnson estimated net worth is around $615 million, as we have already stated. He barely made about $100 million through basketball. The remainder came from his business. Following his retirement from basketball, he founded a business named Magic Johnson Enterprise, which is expected to be worth $1.2 billion in 2021.

Movie theatres, coffee shops, movie studios, and promotional marketing firms all fall under this company. That’s all there is to it; remain with us to learn more about the lives of other famous people like Magic Johnson.

NameMagic Johnson
Magic Johnson Net Worth$615 Million
ProfessionAmerican former professional basketball player and former president of Los Angeles Lakers
Monthly Income And Salary$3 Million +
Yearly Income And Salary$40 Million +

Magic Johnson Net Worth Is $615 Million

Magic Johnson Real Estate

In the private neighbourhood of Beverly Park, Johnson and his wife have a residence. The pair also owns a beach house in Dana Point, Orange County, California, with a Tuscan design. When their children were little, the couple’s residence in Napili, Hawaii, was too far away to get to, so they exchanged it for the beach property around 75 miles south of Beverly Hills.

Magic Johnson Net Worth Growth

Magic Johnson Net Worth in 2022$615 Million
Magic Johnson Net Worth in 2021$560 Million
Magic Johnson Net Worth in 2020$520 Million
Magic Johnson Net Worth in 2019$480 Million
Magic Johnson Net Worth in 2018$440 Million
Magic Johnson Net Worth in 2017$400 Million

Magic Johnson NBA Career

Image Credit – Players Bio

Magic was selected by the Los Angeles Lakers as the first overall choice in the 1979 NBA Draft. Magic and his colleague Kareem Abdul-Jabbar led the Lakers to the NBA title in his first season, and Magic was honoured as the MVP of the NBA Finals. With the Lakers in the years 1980, 1982, 1985, 1987, and 1988, Magic won five NBA Championships.

In 1980, 1982, and 1987, he won the NBA Finals MVP award three times. In 1987, 1989, and 1990, he won the NBA Most Valuable Player award three times. He attended the All-Star game 12 times and won the MVP award twice. He is regarded as the best point guard to ever play the position.

Magic Johnson Net Worth Is $615 Million

Magic’s career was ended in 1991 after he contracted the HIV infection.

Near the conclusion of the 1993–94 NBA season, Magic made a comeback as the Lakers’ head coach. At the request of team owner Jerry Buss, he took the place of Randy Pfund and Bill Bertka. The Lakers originally performed well under Johnson’s leadership, winning five of their first six games. However, after losing their next five games, Johnson announced that he would be stepping down as coach at the end of the current season. With a ten-game losing run to end the season, Johnson’s final record as head coach was 5-11. He claimed that coaching was never in his plans, so in June 1994 he bought a 5% stake in the organisation.

Magic Johnson, who was 36 at the time, tried to make a comeback as a player by rejoining the Lakers for the 1995–96 campaign. Johnson viewed his final return as “a success” despite the Lakers’ 22-10 record during the games he participated.

Following the Lakers’ defeat by the Houston Rockets Johnson announced his permanent retirement during the first round of the playoffs.

With 17,707 points, 6,559 rebounds, and 10,141 assists in 905 NBA games, Johnson has the best assists per game average in league history with career averages of 19.5 points, 7.2 rebounds, and 11.2 assists. Johnson has the Finals record for assists in a game (21), shares the single-game playoff record for assists (24), and has the most playoff assists (48). (2,346). He has done so six times, making him the only player to average 12 assists over an NBA Finals series. He holds both the All-Star Game record for assists in a single game (22) and the All-Star Game record for assists in a lifetime (127).

Magic Johnson Retirement

In order to fight HIV, Johnson established the Magic Johnson Foundation after disclosing his condition in November 1991. Along with being an entrepreneur, philanthropist, and broadcaster, Johnson has fought for safe sex and the prevention of HIV/AIDS.

His shocking public disclosure of his HIV diagnosis in 1991 helped to shatter the preconceived notion that HIV was a “gay sickness” that heterosexuals didn’t need to be concerned about.

Magic Johnson Net Worth Is $615 Million

Magic Johnson Businessman

Magic’s retirement has not been a peaceful one. In his retirement, he established the Magic Johnson Enterprises business empire, which is now worth over $1 billion and has earned Magic a personal net worth of $615 million.

Magic Johnson Theaters, a movie studio, and a promotional marketing firm are all owned by Magic Johnson Enterprises. Magic spent $10 million in 1994 to purchase 5% of The Lakers, which he later sold to billionaire Patrick Soon-Shiong for an estimated $50–$60 million. Johnson also sold his Starbucks network for $75 million in 2010.

The Los Angeles Dodgers were sold to Magic and a group of partners for $2 billion on March 27, 2012. more details here: For $2 billion, Magic Johnson purchases the Dodgers.

Magic Johnson Social Media Accounts

Instagram2.6M FollowersClick here
Facebook4.4M FollowersClick here
Twitter5.1M FollowersClick here
You tube13 SubscribersClick here

Facts about Magic Johnson

Image Credit – Lakers Nation
  • Magic Johnson: Does He Smoke? Magic Johnson does really drink alcohol. Yes, Magic Johnson is quite concerned about his health.
  • Magic Johnson eats before nine o’clock at night.
  • Magic Johnson enjoys playing basketball a lot.
  • Lover of both movies and television, Magic Johnson.
  • According to Magic Johnson, who he has adored since he was a young child, he has a crush on him.
Magic Johnson| Net Worth| Biography| Early Life| Relationship| Career| Life Style

Magic Johnson Net Worth Is $615 Million

Frequently Asked Questions about Magic Johnson

What is Magic Johnson net worth?

Magic Johnson net worth is $615 million.

What is Magic Johnson’s age?

Magic Johnson is 62 years old right now (14 August 1959).

How much money does Magic Johnson make?

Magic Johnson’s annual compensation is thought to be $40 million.

What is Magic Johnson’s Height?

Magic Johnson stands 2.06 m (6′ 9″) tall.

Who is Magic Johnson’s wife’s name?

Cookie Johnson is the name of Magic Johnson’s spouse (m. 1991).

Magic Johnson Net Worth Is $615 Million

Is Starbucks still owned by Magic Johnson?

Johnson returned to Starbucks his ownership of 105 licences in October 2010. The following day, he sold Patrick Soon-Shiong his 4% stake in the Los Angeles Lakers for an estimated $27 million.

What makes Magic Johnson so renowned?

During a Hall of Fame career that saw him change the game, Magic Johnson won five NBA titles as well as three MVP honours. He was named to the All-NBA First Team nine times and was an All-Star 12 times.

How wealthy is Magic Johnson?

Despite the fact that his company is worth more than a billion dollars, Magic Johnson is not now a billionaire.


One of the wealthiest athletes in the world as of Magic Johnson net worth is $615 million.

American retired professional basketball player Earvin “Magic” Johnson Jr. also served as the previous owner of the NBA’s Los Angeles Lakers. He spent 13 seasons as the Lakers’ point guard. Following his success in high school and college, Johnson was chosen first overall by the Lakers in the 1979 NBA Draft.

Magic Johnson Net Worth Is $615 Million

Luja Swain

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