Magic Johnson is a legendary basketball player, entrepreneur, and philanthropist, widely considered one of the greatest NBA players of all time. Known for his extraordinary skills as a point guard for the Los Angeles Lakers, Johnson helped redefine the position with his versatility, size, and passing ability. Beyond his incredible basketball career, Johnson has built a highly successful business empire, making him one of the most financially successful former athletes in history.
As of 2024, Magic Johnson’s net worth is estimated to be $620 million, earned through a combination of his basketball career, numerous business ventures, investments, and real estate holdings. This article explores Magic Johnson’s net worth, his rise to fame in the NBA, his successful transition into business, and his impact on both sports and corporate America.
Magic Johnson’s Net Worth in 2024
Magic Johnson’s net worth in 2024 is estimated to be $620 million, making him one of the wealthiest former athletes in the world. His wealth comes from his successful post-basketball career in business, where he has made smart investments in various industries, including entertainment, real estate, and professional sports teams. Johnson’s ability to transition from the basketball court to the boardroom has allowed him to build a diverse portfolio of assets and enterprises.
Detailed Net Worth Breakdown
| Source of Income | Estimated Earnings (2024) |
| NBA Career Earnings | $40 million |
| Business Ventures & Investments | $450 million |
| Real Estate & Development | $100 million |
| Endorsements & Sponsorships | $20 million |
| Total Net Worth | $620 million |
Magic Johnson’s Early Life and Career
Early Life
Magic Johnson was born Earvin Johnson Jr. on August 14, 1959, in Lansing, Michigan. He earned his nickname “Magic” during high school after a sportswriter witnessed his impressive performance in a basketball game. Johnson’s passion for basketball was evident from a young age, and he quickly became a standout player at Everett High School, leading his team to a state championship.
College and NBA Beginnings
Magic Johnson attended Michigan State University, where he led the Spartans to an NCAA championship in 1979, famously defeating Larry Bird’s Indiana State team in one of the most-watched college basketball games in history. Following his success at Michigan State, Johnson declared for the NBA Draft and was selected first overall by the Los Angeles Lakers in 1979.
Johnson made an immediate impact in the NBA, leading the Lakers to an NBA Championship in his rookie season and earning NBA Finals MVP honors. His versatility, court vision, and leadership helped transform the Lakers into one of the most dominant teams of the 1980s.
Magic Johnson’s Personal Information Overview
| Personal Information | Details |
| Full Name | Earvin “Magic” Johnson Jr. |
| Date of Birth | August 14, 1959 |
| Age | 64 years old (as of 2024) |
| Birthplace | Lansing, Michigan, USA |
| Profession | Former NBA Player, Entrepreneur, Philanthropist |
| Nationality | American |
| Marital Status | Married (Cookie Johnson) |
| Children | 3 (Andre, Earvin III (EJ), Elisa) |
| Height | 6 feet 9 inches (206 cm) |
| Weight | 220 lbs (100 kg) |
Magic Johnson’s Family Life
Marriage to Cookie Johnson
Magic Johnson has been married to Cookie Johnson since 1991. Their marriage has been a testament to resilience and strength, especially in light of Johnson’s HIV diagnosis in 1991, just a few months after their wedding. Cookie has been a constant source of support throughout Johnson’s career and personal life, playing an important role in their family and business endeavors.
Children
Magic Johnson and Cookie have three children: Andre Johnson, Earvin Johnson III (EJ), and their adopted daughter, Elisa Johnson. EJ Johnson gained public attention as a television personality and fashion icon, known for his role on “Rich Kids of Beverly Hills” and his advocacy for the LGBTQ+ community. Andre Johnson, Magic’s eldest son from a previous relationship, works in business, while Elisa is involved in fashion.
| Family Member | Details |
| Spouse | Cookie Johnson (m. 1991) |
| Children | Andre, Earvin III (EJ), Elisa Johnson |
| Parents | Earvin Sr. and Christine Johnson |
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Magic Johnson’s Career Achievements and NBA Legacy
NBA Success
Magic Johnson’s NBA career is one of the most decorated in basketball history. He spent his entire career with the Los Angeles Lakers, leading the team to five NBA championships (1980, 1982, 1985, 1987, 1988). Johnson’s unique ability to play multiple positions and his exceptional passing skills revolutionized the point guard position. He is a 12-time NBA All-Star, 3-time NBA MVP, and a 9-time All-NBA First Team selection.
In addition to his success on the court, Magic Johnson was known for his rivalry with Larry Bird, which helped elevate the NBA’s popularity during the 1980s. Their rivalry defined the decade and is considered one of the greatest in sports history.
Johnson’s career was cut short in 1991 when he announced that he had contracted HIV. Despite this, he briefly returned to the NBA in 1996 before retiring for good. Johnson’s influence on the game, both as a player and ambassador, is immeasurable, and he was inducted into the Naismith Memorial Basketball Hall of Fame in 2002.
Business Ventures and Investments
After retiring from basketball, Magic Johnson transitioned seamlessly into the world of business. He founded Magic Johnson Enterprises, which started as a company focused on bringing businesses to underserved urban communities. Over the years, Johnson’s business portfolio has grown to include investments in Starbucks, 24 Hour Fitness, TGI Fridays, and SodexoMAGIC, a food service and facilities management company.
In 2012, Johnson became part-owner of the Los Angeles Dodgers, further establishing his presence in the sports industry. He has also owned a stake in the Los Angeles Lakers, though he sold his ownership share in 2010. Johnson’s investments have not only brought him significant wealth but also allowed him to give back to the communities he cares deeply about.
| Business Ventures | Estimated Earnings |
| Magic Johnson Enterprises | $300 million |
| Starbucks & 24 Hour Fitness | $100 million |
| Los Angeles Dodgers Ownership | $50 million |
| Real Estate Holdings | $100 million |
Philanthropy and Community Work
In addition to his business success, Magic Johnson is a dedicated philanthropist. Through the Magic Johnson Foundation, he has contributed millions of dollars to causes such as HIV/AIDS awareness, education, and community development. Johnson’s work in promoting HIV awareness has been particularly impactful, as he has become a global advocate for people living with the virus.
Magic Johnson’s Physical Appearance
Magic Johnson, known for his towering height and athletic frame, was a dominant physical presence on the basketball court. His 6-foot-9-inch height and 220-pound frame made him one of the most versatile players in NBA history. Despite his retirement from basketball, Johnson has maintained his fitness through an active lifestyle.
| Attribute | Details |
| Height | 6 feet 9 inches (206 cm) |
| Weight | 220 lbs (100 kg) |
| Hair Color | Black (shaved) |
| Eye Color | Brown |
FAQs About Magic Johnson
What is Magic Johnson’s net worth in 2024?
Magic Johnson’s net worth in 2024 is estimated to be $620 million, accumulated through his basketball career, business ventures, and investments.
How many NBA championships did Magic Johnson win?
Magic Johnson won five NBA championships with the Los Angeles Lakers in 1980, 1982, 1985, 1987, and 1988.
What businesses does Magic Johnson own?
Magic Johnson owns Magic Johnson Enterprises, which has investments in various industries, including Starbucks, 24 Hour Fitness, SodexoMAGIC, and part-ownership in the Los Angeles Dodgers.
Is Magic Johnson still involved with the Los Angeles Lakers?
Although Magic Johnson is no longer a part-owner of the Los Angeles Lakers, he served as the team’s president of basketball operations from 2017 to 2019.
What is the Magic Johnson Foundation?
The Magic Johnson Foundation is a nonprofit organization founded by Magic Johnson to support HIV/AIDS awareness, education, and community development efforts.
Magic Johnson’s journey from NBA legend to successful entrepreneur is nothing short of remarkable. With a net worth of $620 million in 2024, Johnson has leveraged his fame and business acumen to build a legacy that extends far beyond the basketball court. His impact on sports, business, and philanthropy has made him a role model for generations, proving that life after sports can be just as successful as life on the court.
