NBA Hall of Famer Magic Johnson net worth: $620 million

Magic Johnson's Net Worth in 2022
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By , Audacy

Hall of Famer and Los Angeles Lakers legend Magic Johnson has built himself an impressive amount of wealth dating back to the beginning of his NBA career.

Various websites (Celebrity Net Worth, Wealthy Gorilla, Sportscasting.com) estimate Johnson’s net worth anywhere between $600-$620 million.

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Johnson earned $40 million in salary during his NBA career with the Lakers from 1980-91, but it has been other ventures and endorsements that have helped him reach a $600 million net worth.

He invested in more than 100 Starbucks chains and more than two dozen Burger King chains.

Upon his retirement, Johnson launched Magic Johnson Enterprises — an investment company to help manage his investments. It also owns Magic Johnson Theaters, a movie studio and promotional marketing company. Magic Johnson Enterprises is valued at more than $1 billion.

Johnson also bought a 4.5% stake of the Lakers in 1994 for $10 million, which he later sold in 2010 for an undisclosed amount, although reports estimate that it was between $40 million and $50 million.

The Lakers were not the only team Johnson had ownership in. He’s also had a stake in LAFC of the MLS, the WNBA’s Los Angeles Sparks and MLB’s Los Angeles Dodgers.

Johnson has continued to hold jobs working in media and recently worked in the Lakers front office. He is, undoubtedly, one of the most successful athletes on and off the court.

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