Magic Johnson Net Worth

What is Magic Johnson's net worth, salary and career earnings?

Earvin "Magic" Johnson Jr. is a retired American basketball player and entrepreneur who has a net worth of $620 million.

Early Life

Magic Johnson was born on August 14th, 1959 in Lansing, Michigan. His father, Earvin Sr. worked on a General Motors assembly line and his mother Christine was a school janitor.

NBA Career

Magic was the first overall pick of 1979 draft, chosen by The Los Angeles Lakers. In his rookie season, Magic and teammate Kareem Abdul-Jabbar led the Lakers to the NBA championship

Retirement

After announcing his infection in November 1991, Johnson created the Magic Johnson Foundation to help combat HIV.

Magic the Entrepreneur

It has not been a quiet retirement for Magic. In retirement, he launched a business empire called Magic Johnson Enterprises that is valued at over $1 billion today and has given Magic a personal net worth of $600 million.

Personal Life

Johnson married  Earlitha "Cookie" Kelly in a small ceremony in Lansing, Michigan in 1991. The couple has a son, Earvin III (EJ), born in 1992, who is openly gay.

Salary Highlights

During his playing career, Magic earned just over $18 million in salary and several million more in endorsements.

Real Estate

Johnson and his wife own a home in Beverly Hills in the gated section known as Beverly Park. The couple also owns a Tuscan style beach house in Dana Point in Orange County, California.

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