Magic Johnson: Net worth, Earnings, Real Estate and Personal Life (Updated 2023)

Earvin “Magic” Johnson Jr., former high-earning American professional basketball player. Magic Johnson’s estimated net worth is $620 million.

Magic Johnson: Net worth, Earnings, NBA Career and Personal Life

net worth
(Source: Wikipedia)
Net Worth: $620 Million
Date of Birth: Aug 14, 1959 (63 years old)
Gender: Male
Height: 6 ft 9 in (2.06 m)
Profession: Talk show host, Basketball player, Actor, Film Producer, Athlete, Entrepreneur, Television producer, Basketball Coach
Nationality: United States of America
  • What is Magic Johnson’s net worth, salary and career earnings?

A retired American basketball player and businessman with a $620 million fortune, Earvin “Magic” Johnson Jr.

He was chosen by the Los Angeles Lakers as the first overall player in the 1979 NBA Draft after winning basketball titles in high school and college. He spent 13 seasons as the Lakers’ point guard. In his first season, he captured both the NBA Championship and the Most Valuable Player Award. Johnson served as the Lakers’ previous president of basketball operations.

During his playing career, Magic earned just over $18 million in salary and several million more in endorsements.

In his retirement, he established the Magic Johnson Enterprises business empire, which is now worth over $1 billion and has earned Magic a personal net worth of $600 million. Magic Johnson Theaters, a movie studio, and a promotional marketing firm are all owned by Magic Johnson Enterprises. The 5% stake in The Lakers that Magic purchased in 1994 for $10 million was sold to billionaire Patrick Soon-Shiong in 2010 for an estimated $50–60 million. Johnson also sold his Starbucks network for $75 million in 2010.

The Los Angeles Dodgers were sold to Magic and a group of partners for $2 billion on March 27, 2012. more details here: For $2 billion, Magic Johnson purchases the Dodgers.

  • NBA Career

His nicknames are Magic, Buck, E.J. the Deejay, Tragic, The Magic Man, Junior are nicknames for Magic Johnson.

Magic Johnson is 6’9″ (2.06m) tall and weighed 215 lbs (97.5 kg) when playing. Magic was selected by the Los Angeles Lakers as the first overall choice in the 1979 NBA Draft. Magic and his colleague Kareem Abdul-Jabbar led the Lakers to the NBA title in his first season, and Magic was honored as the MVP of the NBA Finals. With the Lakers in the years 1980, 1982, 1985, 1987, and 1988, Magic won five NBA Championships. In 1980, 1982, and 1987, he won the NBA Finals MVP award three times. In 1987, 1989, and 1990, he won the NBA Most Valuable Player award three times. He attended the All-Star game 12 times and won the MVP award twice. He is regarded as the best point guard to ever play the position.

Magic Johnson won 5 championships.

Magic’s career was ended in 1991 after he contracted the HIV infection, later he returned to the NBA as a coach for the 1993–1994 season.

Magic Johnson, who was 36 at the time, tried to make a comeback as a player by rejoining the Lakers for the 1995–96 campaign. Johnson viewed his final return as “a success” despite the Lakers’ 22-10 record during the games he participated. Johnson announced his definitive retirement following the Lakers’ opening-round playoff loss to the Houston Rockets.

With 17,707 points, 6,559 rebounds, and 10,141 assists in 905 NBA games, Johnson has the best assists per game average in league history with career averages of 19.5 points, 7.2 rebounds, and 11.2 assists. Johnson has the Finals record for assists in a game (21), shares the single-game playoff record for assists (24), and has the most playoff assists (48). (2,346). He has done so six times, making him the only player to average 12 assists over an NBA Finals series. He holds both the All-Star Game record for assists in a single game (22) and the All-Star Game record for assists in a lifetime (127).

  • Personal Life

In a low-key ceremony held in Lansing, Michigan, Johnson wed Earlitha “Cookie” Kelly in 1991. Earvin III (EJ), the couple’s kid who was born in 1992 and is openly gay. EJ made an appearance on Rich Kids of Beverly Hills, a reality TV program. In 1995, Magic and Cookie adopted Elisa as a child. Johnson and his wife split their time between Beverly Hills and Dana Point, California.

In addition, Johnson has a son from a previous union. Andre Johnson was born to Melissa Mitchell in the year 1981. Andre was brought up by his mother, although he visited Johnson every summer and subsequently served as the company’s marketing director.

Frequently Asked Questions

  • Magic Johnson was born when and where?

On August 14, 1959, Magic Johnson was born in Lansing, Michigan.

  • What schools did Magic Johnson attend?

Magic Johnson attended Everett in Lansing, Michigan and Michigan State.

  • When was Magic Johnson drafted?

Magic Johnson was drafted by Los Angeles Lakers, 1st round (1st pick, 1st overall), 1979 NBA Draft.

  • What position did Magic Johnson play?

Point Guard, Shooting Guard, and Power Forward.

  • What did Magic Johnson average?

Magic Johnson averaged 19.5 points, 7.2 rebounds, and 11.2 assists per game.

  • When did Magic Johnson retire?

Magic Johnson last played in 1996.

  • Is Magic Johnson in the Hall of Fame?

Magic Johnson was inducted to the Hall of Fame as a Player in 2002.