Majic Johnson Net Worth (Updated 2025).
Magic Johnson, born Earvin Johnson Jr. in 1959, grew up in Lansing, Michigan, where he developed a passion for basketball at an early age. He honed his skills on the courts of his local neighborhood, eventually earning a scholarship to Michigan State University. It was here that Magic’s exceptional talent began to shine, leading the Spartans to the NCAA championship in 1979.
In the 1979 NBA draft, Magic was selected first overall by the Los Angeles Lakers, marking the beginning of his professional career. He quickly made a name for himself, earning the moniker “Magic” for his uncanny ability to make seemingly impossible passes and his charismatic leadership on the court. His skills and personality captivated fans and media alike, launching him to fame as one of the most recognizable and beloved figures in the NBA.
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Magic Johnson’s Current Net Worth (2025)
As of 2025, Magic Johnson’s net worth is estimated to be around $600 million. This significant figure reflects his successful career in the NBA and his numerous business ventures.
Career
Earvin “Magic” Johnson Jr. is a retired American basketball player who played point guard for the Los Angeles Lakers in the NBA. He played a total of 13 seasons, winning five NBA championships and three MVP awards. Johnson was inducted into the Naismith Memorial Basketball Hall of Fame in 2002.
Other Ventures
After retiring from basketball, Magic Johnson ventured into business. He is the chairman and CEO of Magic Johnson Enterprises, an investment conglomerate that provides products and services that target urban communities. He also owns several Starbucks and Burger King franchises, among other investments.
Assets
Magic Johnson’s assets include a $40 million mansion in Beverly Hills, a $15 million private jet, and a stake in the Los Angeles Dodgers baseball team, which is worth around $300 million. He also has significant investments in real estate and other businesses.
Annual Income
Magic Johnson’s annual income is estimated to be around $20 million. This comes from his various business ventures, investments, and endorsements. He has endorsement deals with companies like Adidas, Pepsi, and Microsoft, among others.
Frequently Asked Questions about Majic Johnson
**Frequently Asked Questions: Magic Johnson Net Worth**
1. What is Magic Johnson’s net worth?
Magic Johnson’s net worth is estimated to be $620 million.
2. How did Magic Johnson make his fortune?
Magic Johnson made his fortune through his successful basketball career, various 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 founded Magic Johnson Enterprises, which includes investments in urban communities, sports teams, and media properties.
3. What is Magic Johnson’s annual salary?
Magic Johnson’s annual salary varies depending on his business ventures and investments. However, as the president of basketball operations for the Los Angeles Lakers, he reportedly earns around $10 million per year.
4. What are some of Magic Johnson’s business ventures?
Magic Johnson has invested in various businesses, including Starbucks, Burger King, and the Los Angeles Dodgers. He is also the majority owner of the Los Angeles Sparks, a WNBA team. Additionally, he has a production company, Magic Johnson Productions, which has produced several TV shows and movies.
5. How much is Magic Johnson’s Los Angeles Lakers stake worth?
Magic Johnson’s stake in the Los Angeles Lakers is reportedly worth around $200 million.
6. What is Magic Johnson’s philanthropic work?
Magic Johnson is involved in several philanthropic efforts, including the Magic Johnson Foundation, which focuses on HIV/AIDS awareness and education, as well as community empowerment. He has also donated to various causes, including disaster relief and education initiatives.
7. How tall is Magic Johnson?
Magic Johnson is 6 feet 9 inches (2.06 meters) tall.
8. When was Magic Johnson born?
Magic Johnson was born on August 14, 1959.
9. What is Magic Johnson’s real name?
Magic Johnson’s real name is Earvin Johnson Jr.
10. What is Magic Johnson’s wife’s name?
Magic Johnson’s wife’s name is Cookie Johnson (born Earvin Johnson Sr.). They have been married since 1991 and have two children together, Earvin III and Elisa.
