What is Magic Johnson’s Net Worth Right Now in 2024?

Among the prominent retired players of the National Basketball Association (NBA), who are successful in their basketball careers and post-career life, Magic Johnson is one of them. He is a retired former American basketball player.  He is passing his current life as a business magnet. The stairs of his life are furnished with the flowers of his success. The smell of success always hankers after him. In his NBA career, he has had lots of rerecords and recognitions. He is to be considered one of the greatest players in the history of the NBA. For his multi-talent, he is engaged in several activities. Apart from being a basketball and business entrepreneur, he is a Talk show host, Actor, Film Producer, and Television producer. That proved how much potential this man has.

All of his fans and basketball-loving people are very much eager to know about him, especially about his personal life, work history, and net worth. To keep this in mind, we got the exact Magic Johnson’s net worth. It will help them to let them know about his INS and out of life.

Magic Johnson net worth

Pre-stage of professional life

This rich man came to the world on August 14th, 1959, in Lansing, Michigan. He is the son of his father, Earvin Sr, and his mother, Christine. His father worked on a General Motors assembly line, and his mother worked as a school janitor. Early in his life, he became interested in basketball. After getting admitted to the school, he engaged in basketball. 

Birth:August 14th, 1959, Michigan, USA
Father: Earvin Sr.
Wife/Girlfriend: Earlitha Kelly
College Education:Michigan State University
Height:6ft 9 inches
Weight:99.8 kg
Current Age:63 years

Magic Johnson took the basketball in his hand in his school life. His school life career began at Everett High School. Magic is his nickname. For outstanding performance in school life, he was called the “Magic.” From school life, he began to spread the light of Excellency. When he was 15 years old, he scored a triple-double with 36 points, 18 rebounds, and 16 assists. 

In his college life, he played for Michigan State University. In 1979, he led his team to the NCAA finals with his dazzling performance. 

Magic Johnson’s NBA Career

The professional life of Magic Johnson began in 1979 after getting the chance to play in the 1979 NBA draft. The Los Angeles Lakers selected him for the NBA draft as the first overall player. Some famous NBA players such as Kareem Abdul Jabbar, Kurt Rambis, and Wilt Chamberlain also played for this team.

He spent 13 seasons of his professional career with the Los Angeles Lakers. With his impressive performance, he favored his team to win the NBA championship several times. 

With the high performance of Johnson, his team Lakers was able to win the NBA Championships in 1980, 1982, 1985, 1987, and 1988. In his tenure with the Lakers, he was nominated for the MVP award several times.

Career Stats


Career Averages:



Magic Johnson net worthThe bag of Johnson’s achievements is weighty. In his rookie season, he got the Most Valuable Player Award.

He became NBA champion ten times, NBA MVP three times, Finals MVP three times, All-NBA First Team nine times, and All-Star Game MVP two times. In 1996 his name was inducted into the 50 Greatest Players in NBA History

He was the lucky man to be included in the Naismith Memorial Hall of Fame two times. The first one is for his individual performance in 2002, and the next is in 2010 as a member of the ‘Dream Team“. 

Magic Johnson’s Wife and Family

Johnson took Earlitha “Cookie” Kelly as part of his conjugal life in 1991. The family of Johnson and Cookie gifted a son Earvin III (EJ). They also adopted a daughter Elisa in 1995.

Related article: What are Scottie Pippen’s salary and net earnings?

Height and Age

The height of this prominent player is 6ft 9 inches. The playing position of this man in the field is the point guard. He is still alive. His age now is 63 years

Career Earning Accumulation Chart

Total Net Worth:$600 Million
Salary earned:$22 Million
Endorsement Earnings:$10 Million
Highest Paid:$3.1 Million (per year)
Source of Income:NBA, Business, Media Ventures, Investments
Spending at:Cars, Politics, Family, Charity, Mansions, Philanthropy, Vacations

How Much is Magic Johnson’s Net Worth?

The net worth of this professional man is $600 Million. All of the assets are from his successful professional career in the field of basketball and from his successful business entrepreneurs.

Top 5 Quotes by Magic Johnson

“Young people want you to be real with them. “-Magic Johnson.

“If somebody says no to you, or if you get cut, Michael Jordan was cut his first year, but he came back and he was the best ever. That is what you have to have. The attitude that I’m going to show everybody, I’m going to work hard to get better and better.”- Magic Johnson.

“To me, everything is wonderful. Life is wonderful.” –Magic Johnson.

“I’m at peace with myself. The main thing is not letting people dictate what I do or what I am.”-Magic Johnson.

“As an athlete, I understood the value of my health insurance. I knew that in my profession, injuries were common and could happen at any time. “-Magic Johnson.

Over the past five years, Rick C. Nees has written hundreds of NBA players' biographies, some of which have already been published in famous newspapers. He previously worked as- Commentator, Basketball Analyst, Basketball Player, Newspaper Sports Editor, Radio sports presenter. Rick grew up watching basketball leagues. He was a state-level high school basketball player who followed all NBA events since he was a child.


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