The net worth of Magic Johnson in 2025 has captured the attention of many, sparking widespread interest in the various sources behind his impressive fortune. Since rising to fame as a legendary NBA player in the 1980s, he has successfully transitioned into a powerful figure in the business world.
Below is a detailed look at Johnson’s financial empire and how he has accumulated his wealth over the years.
What is Magic Johnson’s net worth in 2025?
Magic Johnson has an estimated net worth of $800 million in 2025.
Johnson’s net worth comprises his earnings in sports and his successful career in that field. As a former NBA player, his wealth is not just rooted in his illustrious basketball career but also in strategic investments, business ventures, and ownership stakes in major sports franchises.
Magic Johnson is best known for his remarkable entrepreneurial achievements, particularly his collaboration with Starbucks CEO Howard Schultz to establish outlets in underserved urban neighborhoods. This initiative not only proved to be lucrative but also created job opportunities and boosted investment in communities that are often overlooked by large corporations.
What does Magic Johnson do for a living?
Magic Johnson is an entrepreneur and former professional basketball player.
Most recently, Johnson’s video with Bloomberg Originals went viral. In it, he shares some candid and motivational advice he gives to athletes now that he’s on the other side of the bench, as a team owner.
Magic Johnson’s earnings explained — how does he make money?
Magic Johnson has earned money from his NBA career and business ventures, as well as from real estate investments.
Basketball Career
Magic Johnson was the first overall selection in the 1979 NBA Draft and enjoyed a successful 13-year career with the Los Angeles Lakers. He participated in 12 All-Star Games, secured five NBA championships, and earned three regular-season MVP awards.
Later, Johnson returned as a coach for the Lakers during the 1993-94 season. During the 1995-96 season, he also made a brief comeback as a player before retiring permanently. Throughout his NBA career, he earned around $18 million in salary and much more with endorsements, including Converse. All this added significantly to his net worth.
Business Ventures
After retiring from basketball, Magic Johnson made a successful transition into the business world with Magic Johnson Enterprises, a large conglomerate that includes Urban Starbucks franchises through Urban Coffee Opportunities. Additionally, he owns Magic Johnson Theaters and previously had a 5% stake in the Lakers.
Furthermore, Johnson is a part-owner of sports teams like the Los Angeles Dodgers, Los Angeles Sparks, Los Angeles FC, Washington Commanders, and Washington Spirit. He also co-founded the Canyon-Johnson Urban Fund, which invests in significant real estate projects throughout the U.S. Johnson has even invested in the eSports franchise, Team Liquid.
Real Estate Investments
Magic Johnson and his wife own a residence in Beverly Hills located in the exclusive area known as Beverly Park. Additionally, they own a Tuscan-style beach house in Dana Point, Orange County, California.
In addition, Johnson initially purchased a Bel-Air estate for $600,000 the year following his first NBA championship win and later sold it for $2 million.
