As of 2024, Magic Johnson Net Worth is $620 million. Magic Johnson was born as Earvin Johnson Jr. in Lansing, Michigan. Magic Johnson is a legendary former professional basketball player, widely regarded as one of the greatest point guards in NBA history.
He played his entire career with the Los Angeles Lakers, winning five championships and earning three MVP awards. Johnson’s extraordinary court vision and leadership transformed the Lakers into a dominant force during the 1980s. After retiring, he became a successful entrepreneur and an advocate for HIV/AIDS awareness.
Magic Johnson Biography/Wiki Table
| Full Name | Earvin “Magic” Johnson Jr. |
| Date of Birth | August 14, 1959 |
| Place of Birth | Lansing, Michigan, USA |
| Nationality | American |
| Profession | Former NBA Player, Entrepreneur, Philanthropist |
| Position | Point Guard |
| Height | 6 ft 9 in (2.06 m) |
| Weight | 220 lbs (100 kg) |
| NBA Teams | Los Angeles Lakers (1979–1991, 1996) |
| Championships | 5× NBA Champion (1980, 1982, 1985, 1987, 1988) |
| MVP Awards | 3× NBA MVP (1987, 1989, 1990) |
| Net Worth | $620 Million (estimated as of 2024) |
Who Is Magic Johnson?
Magic Johnson is one of the most iconic figures in basketball history. Renowned for his exceptional skills as a point guard, Johnson transformed the NBA with his ability to control the game through unparalleled passing, leadership, and game intelligence. His charisma and influence both on and off the court helped make him a global star.
After his legendary career with the Los Angeles Lakers, Johnson became an influential businessman and advocate for HIV/AIDS awareness following his public diagnosis in 1991. Johnson’s influence extends beyond basketball, making him a leader in sports, business, and philanthropy.
Magic Johnson Early Life and Family
Magic Johnson was born as Earvin Johnson Jr. in Lansing, Michigan. Raised in a large family, he was the son of Earvin Sr., a General Motors assembly worker, and Christine, a school custodian. Johnson’s love for basketball began at a young age, and he earned the nickname “Magic” during his high school career when he recorded a stunning triple-double in a game. Despite facing racial tension in school, Johnson thrived on the court, quickly becoming a high school basketball star.
In 1977, he attended Michigan State University, where he led the Spartans to an NCAA Championship in 1979. His performance in the championship game against Larry Bird’s Indiana State team is still considered one of the greatest moments in college basketball history. Magic’s rise to stardom was rapid, and his strong family values kept him grounded through it all.
Magic Johnson Amazing Career
Magic Johnson was selected as the first overall pick in the 1979 NBA Draft by the Los Angeles Lakers. His impact on the team was immediate. In his rookie season, Johnson led the Lakers to an NBA Championship and was named NBA Finals MVP. His career spanned over 13 years, where he established himself as a dominant force on the court.
Johnson’s combination of size, skill, and court vision revolutionized the point guard position, helping the Lakers earn five NBA titles during his tenure.Magic’s most famous rivalry was with Larry Bird, who played for the Boston Celtics. Their head-to-head matchups in the NBA Finals helped bring the league to new heights in terms of popularity.
Despite his early retirement due to an HIV diagnosis in 1991, Johnson made a brief comeback in 1996, before retiring for good. He finished his career with three NBA MVP awards and 12 All-Star selections, leaving a legacy as one of the greatest players in NBA history.
Magic Johnson Height, Weight, and Physical Appearance
| Height | 6 ft 9 in (2.06 m) |
| Weight | 220 lbs (100 kg) |
| Eye Color | Brown |
| Hair Color | Black (bald now) |
| Body Build | Athletic |
Magic Johnson Wife/Girlfriend and Relationship
Magic Johnson married his longtime girlfriend, Cookie Kelly, in 1991. Despite facing many challenges, especially around Magic’s HIV diagnosis, the couple has remained strong and supportive of each other. Cookie played an essential role in Magic’s personal and business life, helping him through some of the toughest times, including his HIV announcement and subsequent public scrutiny.
Together, Magic and Cookie have two children: EJ Johnson, who is known for his flamboyant fashion and public figure status, and Elisa Johnson, their adopted daughter. Magic also has a son, Andre Johnson, from a previous relationship. The Johnson family is known for their close-knit bond and unwavering support for each other.
Magic Johnson Net Worth
As of 2024, Magic Johnson’s net worth is estimated to be around $620 million. His wealth is not just a result of his NBA career but is largely attributed to his business ventures after basketball. He founded Magic Johnson Enterprises, which has been involved in numerous successful investments, including Starbucks, movie theaters, and real estate development.
Johnson also owns a minority stake in the Los Angeles Dodgers and the Los Angeles Sparks, expanding his influence into the world of professional sports ownership. His business acumen has helped him build a diverse portfolio that continues to grow his wealth.
Magic Johnson Future Plans and Goals
Magic Johnson has always been a forward-thinking individual, both on and off the court. Looking ahead, Magic plans to expand his influence in the sports world by investing in more teams and developing young talent. He is also focused on philanthropic efforts, particularly around HIV/AIDS awareness and inner-city youth programs. Johnson remains committed to helping communities through education, business development, and healthcare advocacy, ensuring his legacy extends well beyond basketball.
Magic Johnson on Social Media
Magic Johnson is active on social media platforms like Twitter and Instagram, where he shares updates on his business ventures, charity work, and personal life. He uses these platforms to connect with fans and spread awareness about important issues, including health and wellness, HIV/AIDS awareness, and social justice.
- Twitter: @MagicJohnson
- Instagram: @magicjohnson
Fun Facts About Magic Johnson Net Worth
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Business Empire:
Magic Johnson has a net worth of approximately $620 million, largely due to his successful post-NBA business ventures.
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Magic Johnson Enterprises:
His investment company, Magic Johnson Enterprises, is valued at over $1 billion, with stakes in sports teams, movie theaters, and real estate.
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Sports Team Ownership:
He owns a minority stake in the Los Angeles Dodgers and was a former part-owner of the Los Angeles Lakers.
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Starbucks Partnership:
Magic once owned more than 100 Starbucks franchises, which he later sold for a reported $75 million.
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Movie Theaters:
He launched a chain of movie theaters called Magic Johnson Theatres, contributing significantly to his wealth.
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Real Estate:
Johnson has invested heavily in urban real estate development, particularly in underdeveloped communities.
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Endorsements:
Even after retiring from basketball, Magic continues to earn through endorsement deals with major brands.
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Charitable Contributions:
While amassing a significant fortune, Magic Johnson has also donated millions to charitable causes through the Magic Johnson Foundation.
Magic Johnson Video and Images
Frequently Asked Questions about Magic Johnson Net Worth
What is Magic Johnson’s net worth?
As of 2024, Magic Johnson’s net worth is estimated at $620 million.
How did Magic Johnson become so wealthy?
Besides his successful NBA career, Johnson invested in multiple business ventures, including real estate, Starbucks franchises, and sports teams.
Is Magic Johnson still involved with the Lakers?
While Magic sold his stake in the Lakers, he remains a prominent figure in the sports world through his ownership of other teams.
Conclusion About Magic Johnson Net Worth
Magic Johnson is more than just a basketball legend; he is a successful entrepreneur, philanthropist, and a symbol of resilience. His journey from the NBA courts to the boardrooms of billion-dollar enterprises is a testament to his hard work and vision. With a net worth of $620 million, Johnson continues to influence the worlds of sports, business, and philanthropy. His legacy will be remembered not only for his incredible skills on the basketball court but also for his impact on communities worldwide.
