Magic Johnson Net Worth 2023

Magic Johnson Net Worth the former American professional basketball player, is estimated to have a net worth of $630 million by 2023.

Magic Johnson, biography, age, wife, height, weight, and more are available. He is an American businessman.

I’ll tell you where and how the money came from. But first, let me introduce you to Magic Johnson.

Magic Johnson Net Worth

Did you know he won a gold medal at the 1992 Olympic Games? In 1993, he was also a member of the All-Star Team and won the title of Most Valuable Player.

In 2002, he was inducted into the Basketball Hall of Fame. You must all be drinking Starbucks coffee. Did you know Magic Johnson owns 125 Starbucks? also owns 40-50 movie theaters.

He was a member of a basketball squad, but now we can tell you he also played for the Dodgers. He has worked as a broadcaster at NBC TNT, ESPN and for a very long time.

used to be the coach of the Los Angeles Lakers. His relationship with the Los Angeles Lakers is so strong that he used to be a 10% owner of the basketball team from 1994 until 2010. Few people know that he has a MasterCard prepaid in his name.

Magic Johnson Net Worth

Magic Johnson, the best former American professional basketball player in the world, has a net worth of $630 million. 

According to online resources such as Wikipedia, Forbes, and Bloomberg, the net worth of Magic Johnson, a former American professional basketball player, is estimated at $630 million.

Name Magic Johnson
Net Worth  $630 Million
Date of Birth Aug 14, 1959 (64 years old)
Place of Birth Lansing
Monthly Income $4 Million +
Yearly Income $50 Million +
Yearly Expenses $200,000
Number 32 (Los Angeles Lakers / Point guard), 33 (Michigan State Spartans men’s basketball / Point guard)
College Michigan State (1977–1979)
NBA draft 1979: 1st round, 1st overall pick
Profession Talk show host, Basketball player, Actor, Film Producer, Athlete, Entrepreneur, Television producer, Basketball Coach
Nationality United States of America

We have already informed you that his net worth is approximately six hundred million dollars. Basketball was only worth around $100 million. 

Magic Johnson Net Worth

The rest of his earnings came from his business. Magic Johnson Enterprise was founded by him after he retired from basketball. The company’s valuation is estimated to be $ 1.2 billion by 2021.

Magic Johnson Net Worth Growth

This company also includes movie theaters, coffee shops, movie studios, and promotional marketing companies. Stay with us and learn more about Magic Johnson’s life.

Magic Johnson Net Worth in 2023 $630 Million
Magic Johnson Net Worth in 2022 $580 Million
Magic Johnson Net Worth in 2021 $530 Million
Magic Johnson Net Worth in 2020 $480 Million
Magic Johnson Net Worth in 2019 $430 Million
Magic Johnson Net Worth in 2018 $390 Million

Magic Johnson Biography

was born in Michigan on August 14, 1958. Magic Johnson was born into a large family with nine brothers and a sister. His parents both worked to raise a large family.

Magic was his high school name because he had been a good basketball player since childhood. He received a basketball scholarship to college and was drafted by the NBA before he graduated from college.

Magic Johnson Biography

Magic Johnson time with the Los Angeles Lakers, also known as the Golden Age of Los Angeles Lakers, is considered a golden period.

Real Name Earvin “Magic” Johnson Jr.
Nick Name Magic Johnson
Birth Place Lansing, Michigan, United States
Date Of Birth 14 August 1959
Age 64 years old
Height In Centimetres – 206 cm
In Feet and Inches – 6′ 9″
Weight In Kilograms – 100 kg
In Pounds – 220 lbs.
Eye Colour Black
Hair Colour Clean-Shaven
School Everett (Lansing, Michigan)
College Michigan State (1977–1979)
Religion N/A
Nationality American
Zodiac Sign Leo
Gender Male
Sexual Orientation Straight
Kids/Children Name EJ Johnson, Elisa Johnson, and Andre Johnson

He retired from basketball back in 1991. He announced to the world this year that he is HIV positive. It was sad news because it was thought that HIV-positive individuals could not live long.

But Magic Johnson has worked his magic and he’s still in great shape even after 30 years of being HIV positive.

Magic Johnson Biography

Magic Johnson, who has worked for over 30 years to dispel the myth that HIV is only a disease of drug addicts and homosexuals, was also credited with clearing up this misconception.

Magic Johnson NBA Salary

Season Team Lg Salary
1979-80 Los Angeles Lakers NBA $460,000
1980-81 Los Angeles Lakers NBA $460,000
1981-82 Los Angeles Lakers NBA $460,000
1982-83 Los Angeles Lakers NBA $460,000
1983-84 Los Angeles Lakers NBA $460,000
1984-85 Los Angeles Lakers NBA $1,000,000
1985-86 Los Angeles Lakers NBA $2,500,000
1986-87 Los Angeles Lakers NBA $1,000,000
1987-88 Los Angeles Lakers NBA $2,500,000
1988-89 Los Angeles Lakers NBA $3,142,860
1989-90 Los Angeles Lakers NBA $1,000,000
1990-91 Los Angeles Lakers NBA $2,400,000
1991-92 Los Angeles Lakers NBA $2,500,000
1992-93 Los Angeles Lakers NBA $2,500,000
1993-94 Los Angeles Lakers NBA $2,500,000
1994-95 Los Angeles Lakers NBA $1,000,000
1995-96 Los Angeles Lakers NBA $1,000,000
1996-97 Los Angeles Lakers NBA $1,000,000
1997-98 Los Angeles Lakers NBA $1,000,000
1998-99 Los Angeles Lakers NBA $1,000,000
Season Team Lg Salary
1999-00 Los Angeles Lakers NBA $1,000,000
2000-01 Los Angeles Lakers NBA $1,000,000
2001-02 Los Angeles Lakers NBA $1,000,000
2002-03 Los Angeles Lakers NBA $1,000,000
2003-04 Los Angeles Lakers NBA $1,000,000
2004-05 Los Angeles Lakers NBA $1,000,000
2005-06 Los Angeles Lakers NBA $1,000,000
2006-07 Los Angeles Lakers NBA $1,000,000
2007-08 Los Angeles Lakers NBA $1,000,000
2008-09 Los Angeles Lakers NBA $1,000,000
2009-10 Los Angeles Lakers NBA $1,000,000
Career (may be incomplete)   $39,342,860

Team of Dreams

Magic was selected to compete in the 1992 Summer Olympics in Barcelona alongside Michael Jordan Charles Barkley and Larry Bird.

The team was nicknamed “Dream Team” for its 8-0 winning record. Magic had an average of 8.0 points and 5.5 assists in each game, ranking second on the team.

Magic Johnson Social Media

Instagram Almost 3.5M Followers
Facebook Almost 4.4M Followers
Twitter Almost 5.2M Followers
Youtube N/A


Magic Johnson, a retired American basketball player who is considered one of the greatest basketball players in history, has been retired since 1997.

Johnson’s powerful arms, agility, and speed helped him to become one of the world’s most formidable players during the 1980s.

Magic Johnson is without a doubt one of the best basketball players to ever grace the court. We can learn many valuable lessons from him about focus, self-acceptance, and wealth creation.

Thank you for exploring Magic Johnson Net Worth with us.

Magic Johnson Net Worth FAQs

How did Magic Johnson make his money?

Magic Johnson made most of his money through his successful career as a basketball player and businessman. He earned nearly $40 million in salary during his NBA career, and he has since built a successful business empire called Magic Johnson Enterprises. Magic Johnson Enterprises has holdings in a variety of industries, including sports, entertainment, and real estate.

What are some of Magic Johnson’s biggest investments?

Some of Magic Johnson’s biggest investments include:
A 4.5% stake in the Los Angeles Lakers
A 5% stake in the Los Angeles Dodgers
A 1% stake in the Los Angeles Sparks
A 1% stake in Los Angeles FC
Magic Johnson Theaters, a chain of 100 movie theaters
Magic Johnson Enterprises, a business empire with holdings in a variety of industries

What is Magic Johnson’s philanthropy work?

Magic Johnson is a philanthropist who has donated millions of dollars to various charities and organizations. He is particularly focused on supporting HIV/AIDS research and prevention, as well as education and job training programs for inner-city youth.

What are some of Magic Johnson’s awards and accolades?

Magic Johnson has won numerous awards and accolades throughout his career, including:
5 NBA championships
3 NBA Finals MVP awards
12 NBA All-Star selections
9 NBA First Team selections
1 NBA Rookie of the Year award
2 NCAA championships
2 NCAA All-American selections
Olympic gold medal (1992)

How did magic make his money?

After retiring from basketball in the 1990s, Johnson began investing, which included an alliance with Sony Pictures for the development of Magic Johnson Theatres. He was also the only Starbucks franchisee ever and acquired and sold 125 stores.

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