Magic Johnson Net Worth 2023: Career, Bio and Assets

Magic Johnson, born Earvin Johnson Jr. on August 14, 1959, is a former professional basketball player, entrepreneur, and philanthropist. Known for his exceptional skills and charismatic personality, Johnson had a remarkable career in the National Basketball Association (NBA) and has since made significant contributions off the court. In this article, we will delve into Magic Johnson’s career, his biography, and his assets, while exploring his net worth in 2023 and the factors that have contributed to his financial success.

Magic Johnson’s Career:

Magic Johnson’s basketball journey began at a young age in his hometown of Lansing, Michigan. He gained national attention during his college years, playing for the Michigan State University Spartans. Johnson led the Spartans to an NCAA championship victory in 1979, showcasing his exceptional talent and ability to excel under pressure.

In 1979, Magic Johnson entered the NBA draft and was selected as the first overall pick by the Los Angeles Lakers. He quickly made an impact in the league, earning the NBA Finals Most Valuable Player (MVP) award in his rookie season. Johnson’s playing style was characterized by his versatility, court vision, and ability to make his teammates better. Standing at 6 feet 9 inches tall, he revolutionized the point guard position, combining size, speed, and skill to dominate the game.

Johnson’s career with the Lakers was marked by numerous accolades and achievements. He won five NBA championships, claimed three NBA MVP awards, and was named to the All-NBA First Team nine times. In addition, he was selected to play in the NBA All-Star Game 12 times throughout his career.

However, Johnson’s basketball journey faced a significant setback in 1991 when he announced his retirement from the NBA after being diagnosed with HIV, the virus that causes AIDS. Despite this adversity, he became an advocate for HIV/AIDS awareness and worked tirelessly to educate the public about the disease. In 1992, he represented the United States as a member of the “Dream Team” in the Summer Olympics, further showcasing his determination and resilience.

After a brief comeback in the NBA during the 1995-1996 season, Magic Johnson retired from professional basketball for good. However, his impact on the sport and his legacy as one of the greatest players of all time continues to be celebrated.

Magic Johnson’s Bio:

Earvin “Magic” Johnson Jr. was born into a humble family in Lansing, Michigan. He developed a passion for basketball at a young age and honed his skills by playing for his high school team. His exceptional talent caught the attention of college recruiters, and he eventually chose to attend Michigan State University, where he had a highly successful collegiate career.

Beyond his basketball prowess, Magic Johnson’s magnetic personality and business acumen have contributed to his success off the court. Following his retirement from professional basketball, he ventured into various business endeavors and became a prominent entrepreneur.

Magic Johnson’s Assets:

Magic Johnson’s net worth is estimated to be approximately $600 million as of 2023. His significant wealth can be attributed to several factors, including his earnings as a basketball player, his entrepreneurial ventures, and his investments in various industries.

During his playing career, Johnson earned substantial salaries as one of the NBA’s premier players. However, his financial success extends beyond his playing days. Magic Johnson Enterprises, founded in 1987, has played a pivotal role in his financial prosperity. The company focuses on various sectors, including real estate, entertainment, and food services.

Magic Johnson’s real estate investments have been particularly lucrative. He has been involved in numerous high-profile real estate projects, including the development of movie theaters, shopping centers, and residential properties. Johnson’s business acumen and ability to identify lucrative opportunities have propelled his real estate ventures, significantly contributing to his net worth.

In addition to his real estate investments, Johnson has also made successful forays into the entertainment industry. He co-owns the Los Angeles Dodgers, a Major League Baseball team, as well as the Los Angeles Sparks, a Women’s National Basketball Association team. These sports franchises not only add to his assets but also highlight his commitment to promoting and supporting sports at various levels.

Furthermore, Magic Johnson has partnered with companies such as Starbucks and TGI Fridays to expand their presence in underserved urban areas, demonstrating his commitment to economic development and community empowerment.

Apart from his entrepreneurial pursuits, Johnson has served as a motivational speaker and authored several books, further diversifying his income streams and solidifying his financial standing.

Damar Hamlin Net Worth 2023: Bio, Age, Family, Career, Earnings & Heart Attack


Magic Johnson’s career as a professional basketball player and his subsequent endeavors as an entrepreneur have contributed to his immense success both on and off the court. With a net worth estimated at $600 million in 2023, Johnson’s financial achievements are a testament to his skill, determination, and business acumen.

Beyond his basketball accolades, Johnson’s contributions as a philanthropist, advocate for HIV/AIDS awareness, and role model have left a lasting impact on society. His ability to overcome adversity and use his platform to create positive change serves as an inspiration to people around the world.

Get To Know Some Of The Shocking Details Of The Mysterious Life Of Charles Luther Manson

As Magic Johnson continues to make an impact in various industries and contribute to his community, his legacy as a basketball icon and influential figure will endure. His journey is a testament to the power of talent, hard work, and a relentless pursuit of excellence, both on and off the basketball court.

Leave a Comment