Earvin “Magic” Johnson is a former professional basketball player and one of the greatest point guard players. He was picked up by the Los Angeles Lakers in the 1979 NBA draft. Johnson was the first pick overall, and before his NBA retirement, he had won every possible award that basketball players dream of.
Not just one or two, he won five NBA championships and was the MVP in the NBA finals. From three Most Valuable Player awards, NBA lifetime awards, NCAA champions, two NBA steal leaders, four NBA assist leaders, and many more glories. Looking back at this NBA career has just brought golden lights to the eyes of NBA fans.
After his NBA retirement, he opened his own business, Magic Johnson Enterprises. It covers various aspects of the entertainment industry and has small companies under its umbrella. Apart from that, Johnson also owns stakes in a few sports teams in the MLB, NFL, WNBA, and MLS. Now, you might have a question: How much is his net worth? So, let’s take a look at Magic Johnson net worth along with what other things he owns.
Net Worth
Magic Johnson net worth is estimated to be around $620 million as of 2024. Yes, the numbers mentioned here are true and quite unimaginable. The reason he has such an illustrative net worth is his NBA career earnings, businesses, and stakes in various teams and businesses.
In his NBA career, he only represented the Los Angeles Lakers and signed a lifetime contract with them. When it comes to career earnings, he made around $40 million through his NBA contracts. He used to earn a minimum of $1 million per season through his contract with the Lakers.
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He also runs his own business company called Magic Johnson Enterprises, which is worth a total of $700 million. The enterprises include companies like Magic Johnson Productions, Magic Johnson Theaters, Magic Johnson Entertainment, and many other small companies.
What does Magic Johnson own?
As mentioned above, he owns Magic Johnson Enterprises, which has an estimated net worth of $700 million. Apart from that, he owns stakes in the MLB team Los Angeles Dodgers, the WNBA team Los Angeles Sparks, the MLS team Los Angeles Lakers, and the NFL team Washington Commanders.
Before 2010, he also owned stakes in Starbucks but sold them for a total of $100 million. He has a great business mind and has always advanced his opportunities for businesses.
Houses
The Basketball Legends own one of the most luxurious mansions in Los Angeles. As per sources, the mansion is valued at $12 million and has multiple amenities.
Similarly, he also has a mansion worth $15 million in California, where he currently resides. The mansion has a big swimming pool, more than six bedrooms, a basketball court, a big garden, an in-house gym, and various other amenities.
Cars
Johnson had a great interest in cars from a very young age and wanted to have the world’s most unique cars. He owns a limited-edition Rolls-Royce Phantom Drophead Coupe. As per sources, he paid over half a million for his custom-made Rolls-Royce Phantom Drophead Coupe.
Apart from that, he owns five different cars. Bentley Continental V8, Cadillac Escalade, Lincoln Mark LT pickup truck, Lincoln Navigator, and a Mercedes-Benz SL450, which is his first car. All the cars owned by him are big and luxurious, just like him.
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FAQs
Q: What is the net worth of Magic Johnson?
Ans: Magic Johnson net worth is estimated to be around $620 million as of 2024.
Q: What does Magic Johnson own?
Ans: Magic Johnson owns stakes in the MLB team Los Angeles Dodgers, the WNBA team Los Angeles Sparks, the MLS team Los Angeles Lakers, and the NFL team Washington Commanders.
Q: Which companies does Magic Johnson have under him?
Ans: Magic Johnson Enterprises includes companies like Magic Johnson Productions, Magic Johnson Theaters, Magic Johnson Entertainment, and many other small companies.
Q: What is the value of the Magic Johnson house?
Ans: Magic Johnson lives in a mansion in California that is worth around $15 million. He also owns a house in Los Angeles that is worth $12 million.
Q: What are the luxury cars and bikes Magic Johnson owns?
Ans: Magic Johnson owns a limited-edition Rolls-Royce Phantom Drophead Coupe, a Bentley Continental V8, a Cadillac Escalade, a Lincoln Mark LT pickup truck, a Lincoln Navigator, and a Mercedes
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