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Magic Johnson Net Worth

Magic johnson net worth

Magic Johnson net worth is estimated to be around $620 million as of 2023. This makes him one of the wealthiest former basketball players. Magic Johnson is a globally recognized figure in the sports world.

He played point guard for the Los Angeles Lakers for 13 seasons and won five NBA championships and three MVP awards.

Known for his incredible skills on the court, charisma, and entrepreneurial ventures, Johnson has amassed a significant net worth. With an estimated worth of around $600 million, he ranks among the richest former basketball players.

Early Life to An Iconic Basketball Career

Magic Johnson was born on August 14, 1959, in Lansing, Michigan. Johnson became interested in basketball at a young age, watching games on TV and idolizing players like Bill Russell and Earl Monroe.

Magic Johnson, the iconic basketball player, has accumulated an impressive net worth throughout his career. Growing up in Lansing, Michigan, his passion for basketball developed. He achieved success during his high school years and continued to shine during his college years at Michigan State.

Joining the NBA, he dominated the sport and was drafted by the Los Angeles Lakers. With the Lakers, he secured five NBA championships and Olympic gold medals. Magic Johnson’s impact extended beyond the court, as he established a successful business empire.

Leveraging his athletic success, he transitioned into the business world and founded Magic Johnson Enterprises. Through various entrepreneurial ventures and partnerships, he has continued to thrive.

Magic Johnson’s story showcases his determination and ability to excel both in basketball and business, solidifying his place as a true legend of the game.

Magic johnson playing basketball

Magic Johnson’s Entrepreneurial Triumphs

He also became one of the most successful businessmen in the sports industry. He invested in various ventures such as Starbucks, the Los Angeles Dodgers, and his own company, Magic Johnson Enterprises, which is worth more than $1 billion.

He is also an advocate for HIV/AIDS awareness and prevention, as he was diagnosed with the virus in 1991. He is one of the richest and most influential athletes in the world.

Magic Johnson Net Worth Over the Years

Magic Johnson has a net worth of $620 million as of 2023. His company Magic Johnson Enterprises is worth more than $1 billion.

Here is a breakdown of how his net worth changed over the years:

  • 1979 – $0.5 million
  • 1984 – $10 million
  • 1991 – $40 million
  • 1994 – $50 million
  • 1996 – $55 million
  • 1998 – $80 million
  • 2010 – $200 million
  • 2012 – $300 million
  • 2014 – $400 million
  • 2017 – $500 million
  • 2020 – $600 million
  • 2023 – $620 million

As you can see, Johnson has amassed a fortune from his successful career in sports and business. He is one of the most inspiring and influential figures in American history.


Magic Johnson is undoubtedly one of the most successful and influential figures in the sports and business industry. With a net worth of over $600 million, Johnson has demonstrated his exceptional skills both on and off the basketball court.

His numerous business ventures, including ownership stakes in the Los Angeles Lakers and Starbucks, have played a significant role in his financial success.

Not only has he built an impressive empire, but he has also paved the way for African-American entrepreneurs in the business world. Johnson’s dedication, charisma, and business acumen have propelled him to great heights, making him an inspiration for aspiring athletes and entrepreneurs alike.

As he continues to thrive in his various endeavors, it is clear that Magic Johnson’s net worth is a testament to his hard work, determination, and unwavering commitment to excellence.

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