Magic Johnson, born Earvin Johnson Jr., began his professional basketball career in 1979 after being drafted first overall by the Los Angeles Lakers. He had already made a name for himself during his college years at Michigan State University, leading his team to an NCAA championship in 1979. Johnson’s exceptional skills, particularly his passing ability and charisma, quickly made him a fan favorite and a key player for the Lakers.

Magic Johnson’s Current Net Worth

As of 2025, Magic Johnson’s net worth is estimated to be around $1 billion. This significant figure reflects his successful career in basketball and his numerous business ventures.

Career

Magic Johnson, born Earvin Johnson Jr., is a retired professional basketball player. He played point guard for the Los Angeles Lakers in the NBA, winning five championships with the team. Johnson was inducted into the Naismith Memorial Basketball Hall of Fame in 2002. After retiring from basketball, he became a successful businessman.

Other Ventures

Magic Johnson has ventured into various businesses, including sports teams ownership, television production, and real estate development. He is the co-owner of the Los Angeles Dodgers and the Los Angeles Sparks. Johnson also has a minority stake in the Los Angeles Lakers. He has produced several TV shows and films, including the popular sitcom “The Fresh Prince of Bel-Air.”

Assets

Magic Johnson’s assets include his ownership stakes in sports teams, real estate properties, and his production company, Magic Johnson Enterprises. He also owns several Starbucks stores and has invested in other businesses like EquiTrust Life Insurance Company. Johnson’s residential properties include a $20 million mansion in Beverly Hills.

Annual Income

Magic Johnson’s annual income is primarily derived from his business ventures. As of 2025, his estimated annual income is around $200 million. This includes his earnings from his sports teams, real estate, and production company. Johnson also earns from endorsements and speaking engagements.

Frequently Asked Questions about  Magic Jhonson

Frequently Asked Questions about Magic Johnson’s Net Worth

1. What is Magic Johnson’s net worth?

Magic Johnson’s net worth is estimated to be around $600 million.

2. How did Magic Johnson make his money?

Magic Johnson made his fortune through his successful basketball career, numerous business ventures, and investments. He played in the NBA for 13 seasons, winning five championships with the Los Angeles Lakers. After retiring from basketball, he became a successful businessman, owning numerous restaurants, movie theaters, and other businesses.

3. What is Magic Johnson’s salary as a basketball player?

Magic Johnson’s peak salary in the NBA was $18.8 million in his final season (1995-96).

4. What is Magic Johnson’s salary as a businessman?

Magic Johnson’s salary as a businessman varies depending on the success of his ventures. However, he is estimated to earn tens of millions of dollars annually from his businesses.

5. What businesses does Magic Johnson own?

Magic Johnson owns a wide range of businesses, including movie theaters, restaurants, sports teams, and real estate. Some of his most notable ventures include Magic Johnson Enterprises, the Los Angeles Dodgers, and the Los Angeles Sparks.

6. How much is Magic Johnson worth compared to other NBA players?

Magic Johnson is one of the wealthiest former NBA players. His net worth is higher than many current and former NBA stars, including LeBron James, Michael Jordan, and Kobe Bryant.

7. What is Magic Johnson’s height and weight?

Magic Johnson is 6 feet 9 inches (2.06 m) tall and weighs around 240 pounds (110 kg).

8. What is Magic Johnson’s education background?

Magic Johnson graduated from Michigan State University with a degree in communications.

9. What is Magic Johnson’s philanthropic work?

Magic Johnson is involved in various philanthropic works, including the Magic Johnson Foundation, which focuses on HIV/AIDS awareness and education. He also supports other charitable causes, such as education, community development, and health.

10. What is Magic Johnson’s political affiliation?

Magic Johnson is a registered Democrat and has supported Democratic candidates in the past. However, he has not held any political office.