Magic Johnson Net Worth: Everything You Want to Know!

By Jaslin Last updated Jan 22, 2023

Earvin “Magic” Johnson Jr. was born in Lansing, Michigan, in 1959. Johnson, a working-class kid, loved basketball right away. In high school, Johnson averaged 30 points and triple-doubles. Johnson was dubbed “Magic” for his scoring prowess and courtcraft.

Magic Johnson carrying an NBA cup. Johnson was sought out for college selection. Michigan State was his next step to mastery. After an exceptional college career, he was drafted first by the Los Angeles Lakers and led them to the NBA finals, where they won the championship and he was voted MVP.

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Magic Johnson Cars

The former player loves and collects vehicles. His Rolls-Royce Phantom Drophead Coupe costs the highest. Only 237 have been sold globally. Johnson drives a $55,000 2006 Lincoln Navigator, a $147,500 Mercedes-Benz G63, and a $200,000 Bentley Continental. Earvin also owns a $113,500 Mercedes-Benz SL 500 Roadster and a $462,000 Rolls-Royce WRAITH. Magic Johnson’s signed framed jersey!

Magic Johnson’s Vacations

The show’s charter guests pay a lot for their three- or four-day vacation, but NBA superstar Earvin “Magic” Johnson and other celebrities travel differently. Despite spending $1 million a week, he never takes a seven-day vacation.

Johnson uploaded a fun supper shot and stated he would spend five weeks on the luxurious yacht. The former point guard took his most opulent yacht vacation yet. He chartered a $700,000-per-week yacht in 2017. Siren, a 241-foot ship, costs $628,500 a week. Johnson and Cookie also brought celebrity friends along.

Magic Johnson: Movies, Investments, Endorsements

Johnson earned $40 million throughout his NBA career. Magic pursued investing after retirement. He founded “MagicJohnson Enterprises” to invest. Johnson was the first “outside owner” of 125 Starbucks stores. He developed malls and movie theatres to serve his clientele.

The point guard also bought sports teams. He invested $700 million in LAFC in three years. In 2014, Johnson and Mark R. Walter bought the LA Sparks from the Dodgers. Johnson helped the Dodgers buy $2 billion for $50 million. The link below sells Magic Johnson’s Entourage T-shirt.

Magic Johnson’s Bio

The book contains Johnson’s heartfelt messages to youth. Magic was drafted first overall by the Los Angeles Lakers in 1979. In Magic’s first recruit season, Kareem Abdul Jabbar led the Lakers to the NBA title and was awarded NBA Finals MVP.

Magic won five NBA titles with the Lakers from 1980 to 1988. He earned NBA Finals MVP several times after that. He was a multiple-time NBA Most Valuable Player from 1987 to 1990. He was an MVP and double-cross Elite player. He is considered the greatest point-keeper.

HIV ended Magic’s career in 1991. Magic returned as Lakers coach. In June 1994, he bought a 5% interest despite never wanting to coach. For the 1995-96 season, 36-year-old Magic Johnson tried to return to the Lakers.

Johnson called his final return “success” because the Lakers finished 22–10 in his games. Johnson retired shortly after the Lakers’ catastrophic loss to the Houston Rockets. Johnson averaged 19.5 points, 7.2 rebounds, and 11.2 assists in 905 NBA games, the most in NBA history.

Johnson abruptly resigned before the Lakers’ final game of the 2018-19 season, shocking the NBA. Even though he no longer plays for the Lakers, Johnson has multiple successful businesses and ownership positions in the Dodgers and LAFC.

Magic Johnson’s Net Worth

Johnson made over $40 million in the NBA. His investing company, Magic Johnson Enterprises, has $1 billion in diverse assets. His worth will rise over time due to his icon status and financial skill. The 62-year-old businessman has $600 million in 2023.

Johnson’s Beverly Hills house is his most famous real estate asset. They also own a Tuscan-style beach property in Dana Point, Orange County. They also owned a Napili home. The considerate couple traded it for a beach house 75 miles south of Beverly Hills so their children couldn’t visit.