Magic Johnson Net Worth 2023


  • Real Name: Earvin Johnson Jr.

  • Birthday: August 14, 1959

  • Birthplace: Lansing, Michigan

  • Spouse: Earlitha Kelly married in 1991

  • Children: Earvin Johnson III, Elisa Johnson, Andre Johnson

  • Salary: $50 million

  • Net Worth: $500 million

Magic Johnson is not just an icon in the sports world but he is a businessman who has ownership in almost every aspect of life. He took his income from his NBA eponymous career and developed his first business business of The Magic Johnson Theatres who began in Los Angeles. Today the theater franchise has spread to the east coast with a location in New York and Maryland. Johnson has a 24-hour fitness center titled Signature Club with more than 20 locations throughout the country. He continued to work on the cable network itself called Aspire which had to make the first television debut in early 2015. Magic Johnson continued to spread his cash in investing in the sports arena that could even make it richer. In 2012 Magic Johnson was part of a group that bought Los Angeles Dodgers. Earlier this year magic bought sparks franchise WNBA in Los Angeles.According to some sources including magic worth $ 500 million. His salary in 2013 was $ 50 million from his business investment and the income from the image and his name. He has an agreement to ratify Pepsi, Burger King (which he has 31 franchises) Best Buy and ESPN.Apart from financial status and his career currently Johnson's magic has faced a series of personal obstacles that have helped make it like now. In 1991 after the physical for the 1992 Olympics announced he had tested HIV's positive. Johnson created the Magic Johnson Foundation to help fight HIV. In 1992, he joined the National AIDS Commission, a committee appointed by members of Congress and Bush administration. In 2013 he worked with President Barack Obama to promote affordable health laws.

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