Magic, born as Earvin Johnson Jr., began his basketball career at Everett High School in Michigan, where he quickly showcased his incredible talent. He went on to play for Michigan State University, further honing his skills and gaining national attention. In 1979, Magic was drafted first overall by the Los Angeles Lakers, marking the start of his professional career.

Magic’s Current Net Worth

As of 2025, Magic Johnson’s net worth is estimated to be $1 billion. This figure reflects his successful business ventures and investments over the years.

Career

Magic Johnson, born Earvin Johnson Jr., is a retired American basketball player who played point guard for the Los Angeles Lakers in the NBA. He won five NBA championships with the Lakers and was a three-time NBA MVP. After retiring from basketball, he transitioned into business, becoming a successful entrepreneur and investor.

Other Ventures

Magic Johnson Enterprises (MJE) is Magic’s holding company, overseeing various business ventures. MJE includes investments in urban businesses, film production, and Broadway shows. He is also a part-owner of the Los Angeles Dodgers and the Los Angeles Lakers.

Assets

Magic Johnson’s assets include a $15 million mansion in Beverly Hills, a $40 million private jet, and a stake in the Los Angeles Lakers worth over $100 million. He also has significant investments in real estate and various businesses across the United States.

Annual Income

Magic Johnson’s annual income varies, but it’s primarily derived from his business ventures and investments. In recent years, his annual earnings have been estimated to be around $20 million. However, this figure can fluctuate based on the performance of his investments and businesses.

Frequently Asked Questions about  Magic

Frequently Asked Questions: Magic Net Worth

1. What is Magic’s net worth?

Magic’s net worth is estimated to be around $500 million.

2. How did Magic become rich?

Magic Johnson became rich through his successful basketball career, business ventures, and investments. He played in the NBA for 13 seasons and won multiple championships with the Los Angeles Lakers. After retiring from basketball, he founded Magic Johnson Enterprises and invested in various businesses.

3. What is Magic Johnson’s salary from the Los Angeles Lakers?

Magic Johnson’s salary from the Los Angeles Lakers as their president of basketball operations was reportedly $10 million per year.

4. What businesses does Magic Johnson own?

Magic Johnson owns several businesses, including Magic Johnson Enterprises, a holding company that invests in urban communities. He also has stakes in various sports teams, such as the Los Angeles Dodgers and the Los Angeles Lakers, as well as other businesses like Starbucks and Burger King.

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

Magic Johnson’s net worth places him among the wealthiest NBA players. He is worth more than many active players but less than some of the wealthiest retired players like Michael Jordan and LeBron James.

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

Magic Johnson is 6 feet 9 inches (2.06 meters) tall and weighs around 240 pounds (109 kilograms).

7. When was Magic Johnson diagnosed with HIV?

Magic Johnson announced his HIV diagnosis on November 7, 1991.

8. How has Magic Johnson’s HIV diagnosis affected his life and career?

Magic Johnson’s HIV diagnosis forced him to retire from basketball early but also led him to become an advocate for HIV/AIDS awareness and treatment. He has since returned to the NBA in various executive roles and continues to be an influential figure in the league.

9. What is Magic Johnson’s wife’s name?

Magic Johnson’s wife is Cookie Johnson. They have been married since 1991 and have three children together.

10. What is Magic Johnson’s foundation called?

Magic Johnson’s foundation is called the Magic Johnson Foundation, which focuses on HIV/AIDS awareness, education, and treatment. It was established in 1991, shortly after his HIV diagnosis.