Basketball playerBusinessmanNet Worth

Magic Johnson Net Worth 2024

  • Real Name: Earvin Johnson Jr.
  • Birthday: August 14, 1959
  • Birthplace: Lansing, Michigan
  • Spouse: Earlitha Kelly married in 1991
  • Children: Earvin Johnson III, Elisa Johnson, Andre Johnson
  • Salary: $50 million
  • Net Worth: $500 million

Magic Johnson is not only an icon in the world of sports but he is a businessman that has ownership in just about every facet of life. He took his earnings from his eponymous NBA career and developed his first business venture the Magic Johnson theaters that start in Los Angeles. Today the theaters franchise has spread to the east coast with locations in New York and Maryland. Johnson owns a 24 hour fitness gym called Signature Club with over 20 locations across the country. He’s currenly working on his own cable network called Aspire which should make it’s first television debut in early 2015. Magic Johnson continues to spread his cash in investments in the sports arena that could make him even richer. In 2012 Magic Johnson was part of a group that bought the Los Angeles Dodgers. Earlier this year Magic bought the WNBA franchise Sparks in Los Angeles.


According to several sources including Magic is worth $500 million. His salary in 2013 was $50 million from his business investments and revenue from his image and name. He has endorsement deals with Pepsi, Burger King ( which he owns 31 franchises) Best Buy and ESPN.

Despite his current financial and career stature Magic Johnson has faced a series of personal hurdles that have helped make him who he is today. In 1991 after a physical for the 1992 Olympics Magic announced he had tested positive for HIV. Johnson created the Magic Johnson Foundation to help combat HIV. In 1992, he joined the National Commission on AIDS, a committee appointed by members of Congress and the Bush Administration. In 2013 he worked with President Barack Obama to promote the Affordable Healthcare Act.

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