Billionaire Profile
Magic Johnson
Global Rank
#2466

Image: Public domain | via Wikimedia Commons

Magic Johnson

CEO, Magic Johnson Enterprises
US
Real-Time Net Worth
$1.5B
As of December 2025
Age
66
Source
Basketball, investments
Industry
diversified
Citizenship
US

Biography

Earvin "Magic" Johnson Jr. (born August 14, 1959) is an American businessman and former professional basketball player. Widely regarded as one of the greatest point guards of all time, his career with the Los Angeles Lakers included five NBA championships. After retiring from the NBA in 1991, he became a successful entrepreneur and investor. His wealth source is diversified, mainly from his investments in basketball, business ventures, and investments, with a current net worth of $1.5 billion. His achievements extend beyond the court, with significant contributions to HIV/AIDS awareness and urban development.

Wealth Over Time

In-Depth Profile

Early Life

Earvin Johnson Jr. was born in Lansing, Michigan, on August 14, 1959. He grew up in a large family and was inspired by his parents' strong work ethic. He earned the nickname "Magic" at 15 after a high school game where he had 36 points, 18 rebounds, and 16 assists.

Rise to Success

Magic Johnson's basketball career began with high school success, leading his team to a state championship. He continued his success at Michigan State University, winning an NCAA championship in 1979. Drafted first overall in the 1979 NBA draft by the Los Angeles Lakers, he led the team to five NBA championships. He retired abruptly in 1991 after announcing he had contracted HIV. He returned to play in the 1992 All-Star Game and then for a final season in 1996.

Key Business Strategies

Post-retirement, Johnson focused on business ventures. He founded Magic Johnson Enterprises (MJE) in 1987. His key strategies included joint venture partnerships in movie theaters, Starbucks franchises, real estate, and healthcare. Johnson also invested in urban America, creating the Canyon-Johnson Urban Fund in 2001. He has built a diverse portfolio of businesses, including stakes in the NFL's Washington Commanders, MLB's Los Angeles Dodgers, WNBA's Los Angeles Sparks, and MLS's LAFC.

Philanthropy

Magic Johnson is also involved in philanthropy. He founded the Magic Johnson Foundation to support HIV/AIDS awareness and education. He also supports community initiatives in urban areas.

Career Milestones

1979

NCAA Championship

Won the NCAA Championship with Michigan State University.

1979

NBA Draft

Drafted first overall by the Los Angeles Lakers.

1980

NBA Championship

Won his first NBA Championship with the Los Angeles Lakers and was named NBA Finals MVP.

1991

HIV Diagnosis

Announced he was HIV-positive and retired from basketball.

1992

Olympic Gold Medal

Won a gold medal with the US Men's Olympic Basketball team (Dream Team).

2002

Hall of Fame Induction

Inducted into the Naismith Memorial Basketball Hall of Fame.

2023

Washington Commanders Ownership

Part of the investment group that purchased the Washington Commanders.

Philanthropy & Social Impact

Health & Community Development

Magic Johnson Foundation

$XB

Supports HIV/AIDS awareness and education, as well as community initiatives in urban areas.

Business Philosophy & Leadership

Notable Quotes

""I motivate others by making sure that they understand to go after their dreams and don't let anyone tell you you can't.""

""Ask not what your teammates can do for you. Ask what you can do for your teammates.""

Leadership Principles

Teamwork

Emphasizes the importance of working together to achieve common goals.

Dream Big

Encourages setting ambitious goals and pursuing them relentlessly.

Community Focus

Prioritizes giving back to underserved communities and creating opportunities.