Magic Johnson is a former professional American basketball player. He played for the Los Angeles Lakers from 1979 to 1991 in National Basketball Association (NBA) and one more in 1996.
He also played for both the Magic Great Danes and the Magic M7 Borås in the same season between 1999 and 2000.
In this article, we will look at Magic Johnson net worth and see how he made his fortune.
Magic Johnson: Biography
|Full Name||Earvin Johnson Jr.|
|Date of Birth||14 August 1959|
|Birth Place||Lansing, Michigan, U.S.|
|Father’s Name||Earvin Johnson Sr.|
|Mother’s Name||Christine Johnson|
|Brothers||Larry and Michael Johnson|
|Sisters||Pearl, Quincy, Evelyn, Kim, Lois, Yvonne, and Mary Johnson|
|Height||6 feet 9 inches (206 cm)|
|Weight||100 kg (220 lbs.)|
|Body Measurements||Under Review|
|Eye Color||Dark Brown|
|Shoe Size||14 (US)|
|Daughters||Earvin Johnson III / EJ Johnson and Elisa Johnson|
|Net Worth||$620 million|
|Social Media Presence||Instagram Facebook, and Twitter|
|Profession||Chairman and CEO of Magic Johnson Enterprises and entrepreneur|
|Last Updated||June 2023|
Magic Johnson Net Worth
Magic Johnson has a net worth of $620 million as of 2023. Once, Johnson used to rank fifth in the Forbes List of The Highest-Paid Athletes with earnings of $22 million annually.
Only about $100 million of his earnings came from basketball. He earned the rest from his business. After retiring from basketball, he opened a company called Magic Johnson Enterprise, the valuation of this company was around $1.2 billion in 2021.
Under this company comes movie theaters, coffee chains, and movie studios promotional marketing companies also come.
The Los Angeles Dodgers were sold to Magic and a group of partners for $2 billion on March 27, 2012. Johnson was involved in the 2014 Los Angeles Sparks WNBA club purchase.
He also revealed that he is a co-owner of Los Angeles Football Club, an expansion team for Major League Soccer.
Magic Johnson Houses
Magic Johnson has owned a number of luxurious homes in the Los Angeles region throughout the years. He constructed a lavish residence in Bel Air with unique features in 1981 and he lived there until 1990.
He bought a mansion in Beverly Park overlooking Beverly Hills in 1990 and throughout the years expanded it. He still owns it despite having put it up for sale in 1992 and 1998. Johnson and his wife spent $7.6 million on a beach property in Orange County in 2007, which they still possess.
Magic Johnson founded the Magic Johnson Foundation in 1991, with the intended goal of generating money for community-based groups engaged in HIV/AIDS education and prevention initiatives.
Although there is no evidence of Johnson’s engagement in other charity organizations, it’s likely that he has taken part in other charitable activities.
Who are Magic Johnson parents?
Magic Johnson was born in Lansing, Michigan, U.S. to his father Earvin Johnson Sr., and his mother Christine Johnson.
Magic Johnson Age, Height, and Body Measurement
Magic Johnson was born on 14 August 1959 and is currently 63 years old. He has a height of 6 feet 9 inches and weighs around 100 kg.
Even though Johnson has gotten older, he has maintained his body. Johnson has dark brown eyes and black hair. He wears a shoe of size 14 (US). Lastly, Johnson’s sun sign is Leo who is an ambitious, generous, and loving person.
Magic Johnson Religion and Ethnicity
Johnson belongs to a Christian family and is African American.
Magic Johnson Social Media
Magic Johnson can be found on Instagram, Facebook, and Twitter.
Instagram: 3.4M followers
Facebook: 4.4M followers
Twitter: 5.2M followers
FAQ about Magic Johnson
What is Magic Johnson net worth?
Magic Johnson net worth is $620 million.
What is Magic Johnson age?
Magic Johnson is 63 years old.
Who is Magic Johnson wife?
Magic Johnson’s wife is Cookie Johnson.
How many siblings does Magic Johnson have?
Magic Johnson has 9 siblings. 3 of them are half-siblings.