Magic Johnson Net Worth (2024) – $1.2 Billion Landmark

Magic Johnson Net Worth 2024: Is Magic Johnson a Billionaire in 2024?

According to Forbes, Magical Johnson has joined the ranks of billionaire athletes, becoming the fourth sports celebrity to achieve this position. His net worth currently stands at $1.2 billion. 

Net Worth

$1.2 Billion

Full Name

Earvin “Magic” Johnson Jr

Date of Birth

Aug 14, 1959


64 years


6 ft 9 in (2.06 m)


Businessman and Former Basketball Player



Who is Magic Johnson?

Magic Johnson is another billionaire with a net worth of $1.2 billion.

Magic Johnson, a renowned former American basketball player, has enjoyed a diverse and illustrious career. Following his triumphs in college basketball and high school, the Los Angeles Lakers selected him as the top pick in the 1979 NBA Draft. Serving as the team’s point guard for an impressive 13 seasons, Johnson played a pivotal role in their triumphs. After emerging victorious in the NBA Championship, he stood out as the most valuable player during his rookie season.

Johnson held the esteemed position of former president of basketball operations for the Lakers. Throughout his tenure with the Lakers, he made significant contributions to the team’s accomplishments, securing an impressive five NBA titles. Johnson’s remarkable career statistics include an astounding 10,141 assists, 17,707 points, 1,824 steals, 6,559 rebound.

Early Life

Magic Johnson was born in Lansing, Michigan, on August 14, 1959. His father, Earvin Sr., was employed on a General Motors assembly line, while his mother, Christine, worked as a school janitor. Johnson was a student at Everett High School, where he joined the basketball team.


Johnson, a Michigan native, played for Michigan State’s basketball team from 1977 to 1979. During his time with the team, they won the 1979 NCAA title by defeating Larry Bird’s Indiana State Sycamores. Magic was named the Most Valuable Player of the 1979 NBA Draft after being selected as the first overall pick by the Lakers, and he exceeded the high expectations set for him. In 1980, Johnson made history in the NBA Finals by becoming the first rookie to be named the Finals MVP.

Johnson, the Lakers’ point guard, won the Finals MVP award a total of two additional times over the next eight years.


The bright star’s career was cut short when he was diagnosed with HIV before the 1991–92 season. As a result, Johnson declared his retirement effective immediately. After the Lakers were eliminated from the playoffs that year, he decided to make one last half-season comeback before retiring for good. Over his 13-year NBA career, he scored 19.5 points per game while also pulling down 7.2 rebounds and shooting 52% from the floor. Both Johnson’s 11.2 assists per game during the regular season and his 2,346 assists throughout the playoffs are still NBA records.

Magic Johnson’s Wife & Children

Johnson became a father for the first time in 1981 with the birth of his son, Andre Johnson, to Melissa Mitchell. Despite being mostly nurtured by his mother, Andre regularly visited Johnson during his summers and eventually secured a position as a marketing director with Magic Johnson Enterprises. 

Johnson wed Earlitha “Cookie” Kelly in a modest ceremony in Lansing in 1991. Johnson and Cookie have a single kid, Earvin III (“EJ”), who is openly homosexual and a prominent figure on the reality television program Rich Kids of Beverly Hills. In 1995, the couple legally took on the responsibility of raising a daughter named Elisa through the process of adoption. Johnson lives in Beverly Hills and owns a second property in California.


Majic Johnson


Cookie Johnson


EJ Johnson, Andre Johnson, Elisa Johnson

Awards & Achievements

  • He won the Most Outstanding Player title in 1979 during the NCAA Men’s Basketball Tournament.
  • He was the recipient of the Most Valuable Player Award on three occasions, specifically in the years 1987, 1989, and 1990.
  • He received the J. Walter Kennedy Citizenship Award in 1992.
  • Johnson was recognized as one of the 50 most esteemed players in NBA History in 1996.


Q. What is Magic Johnson’s Net Worth?

Magic Johnson’s net worth in 2024 is $1.2 billion.

Q. How old is Magic Johnson?

He is 64 years old.

Q. How tall is Magic Johnson?

He is 6 ft 9 in (2.06 m) tall.

Q. What is the Real Name of Magic Johnson?

Earvin “Magic” Johnson Jr


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