Magic Johnson
About Magic Johnson
Earvin "Magic" Johnson is one of the greatest NBA players of all time. Forbes named him a billionaire in October 2023.
Johnson earned only around $40 million total as a Los Angeles Lakers player, mainly in the 1980s, and even at his peak only brought in between $2 million and $4 million per year in endorsements.
Instead he built his wealth through joint venture partnerships in everything from movie theaters, Starbucks franchises, real estate and healthcare.
The majority of his fortune comes from a 60% ownership stake in life insurance company Equitrust, which has grown from $16 billion in assets under management to $26 billion since he took over in 2015.
He also owns small ownership stakes in the NFL's Washington Commanders, MLB's Los Angeles Dodgers, WNBA's Los Angeles Sparks and MLS' LAFC.
Personal stats
Citizenship
United States of AmericaSource of wealth
Residence
United States of AmericaMarital status
MarriedBirth date
08/14/59 (age 65)Number of children
3Self-made
self-madeMagic Johnson’s fortune is worth
troy ounces of gold
median U.S. household
median U.S. income
U.S. credit card volume
GDP of the United States
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Before the 1979 NBA Draft, Nike offered Johnson stock in the company and royalties on shoe sales. He declined in favor of $100,000 per year cash from Converse.
Net worth over time
Real-time ranking
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