Magic Johnson is always regarded as one of the top basketball player. He has a good combination of skills and size which made him a global sports tycoon. People always love to call him Magic but his real name is Earvin “Magic” Johnson Jr. Currently is an American businessman and as of now his total net worth is $1.6 billion on January 25, 2025. So, let us see all the ups and downs of Magic Johnson.
Personal Basic Information
| Full Name | Earvin “Magic” Johnson Jr. |
| Nick Name | Magic |
| Father’s Name | Earvin Johnson Sr. |
| Mother’s Name | Christine Johnson |
| Date of Birth (Born) | August 14, 1959 |
| Birth Place | Lansing, Michigan, USA |
| Current Age | Age: 66 years, 7 months, and 2 days as of today. Time left for next birthday: 4 months and 29 days. |
| Height | 6 feet 9 inches (2.06 meters) |
| Weight | His weight varied between 215 pounds (97 kg) and 220 pounds (100 kg). |
| Net worth | As per Forbes report, $1.6 billion in January 25, 2025 |
| Marriage Status | Married |
| Wife Name | Cookie Johnson |
| Kids Name | EJ Johnson and Elisa Johnson |
| High school | Loyola High School in Detroit |
| Nationality | American |
| Zodiac Sign | Leo |
| Current Team Name | N/A |
| Stats | nba.com |
Magic Johnson’s Net Worth
On January 25, 2025, the NBA star and businessman Magic Johnson has a net worth of around $1.6 billion dollar.
NBA Career Earning: Magic played basketball for around 13 years and in his NBA career he earned around $40 million dollar.
Business Ventures: Magic Johnson also has few businesses which helps in increasing his wealth.
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- Magic Johnson Enterprises was founded in 1987 and it has several subsidiary companies which include Magic Johnson Productions, Magic Johnson Theaters, and Magic Johnson Entertainment. It has a net worth of $700 million dollar.
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- In 2015, Johnson acquired a 60% stake in EquiTrust Life Insurance Company and now it has grown from $16 billion to $26 billion. Now it’s giving an annual revenue of approximately $2.6 billion dollar.
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- Johnson also holds small stakes in major sports league franchises including the Los Angeles Lakers, Los Angeles Dodgers, Los Angeles FC, Los Angeles Sparks, and the Washington Commanders.
Magic Johnson’s Early Life and Childhood
Magic Johnson (Earvin Johnson Jr.) was born on August 14, 1959, in Lansing, Michigan in USA. His father, Earvin Sr., was a worker at General Motors, and his mother, Christine, was doing a cleaner job in a local school. Both had seven children and Magic was the fourth number. Both are doing hard work to run their daily life.
All the children are seeing their parents and know the real situation of their house. They learn the lessons of hard work, discipline, and the importance of education from their parents.
Education and the Beginning of Sports Career
Magic has an interest in basketball and plays in the school playground. He was in the local school Everett High School and soon he became a top player in the school basketball team. He scored very well in a high school game and after that, he earned the name “Magic”.
His parents also support his basketball game but they also want to focus on education. That’s why Magic went to Michigan State University where he played basketball under the guidance of coach Jud Heathcote.
Their parents instilled the values of work ethics and leadership qualities and just because of that, he became a tycoon of basketball.
HIV/AIDS
In 1991, Magic Johnson publicly announced that he was HIV positive. At that time people had a negative perception of HIV/AIDS because it was a sexual disease and spread just because of having sex with several women.
Now after this announcement, people get aware about this disease specially in the sports world. Magic Johnson himself spread awareness about HIV/AIDS and also talked about its treatment. He said people with HIV can live a long and healthy life with the proper medical care. He has taken antiretroviral therapy for HIV which helps to keep checking the virus and prevents it from progressing to AIDS.
Johnson started a new venture named Magic Johnson Foundation which helps to promote HIV education, prevention, and testing
Beginning of NBA Career
1979 was the year when Magic was selected for first time in NBA Draft by the Los Angeles Lakers. He scored well and quickly become the shining face of Lakers and he becomes the Lakers team leader in final match and won it. He also got the title of NBA Finals MVP (Most Valuable Person).
Because of his flashy and accurate passing people love to call him “Magic” and he become the brand name in the NBA League.
Achievements / Awards / Medals
Magic becomes the leader of the NBA league in just few years and he got several awards/medals in his journey of basketball. Here is the list:
International Achievements
Olympic Medals: In 1992, Olympic games were held in Barcelona and Johnson was a member of the “Dream Team”. So, he helped the team to achieve the gold medal. This was his first international achievement in his life.
NBA Achievements
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- 1980, 1982, 1985, 1987, 1988: He was playing with the Los Angeles Lakers and got the title of NBA Champion five times.
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- 1987, 1989, 1990: For his outstanding performance, he was three times awarded with the title NBA Most Valuable Player (MVP).
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- 1980, 1982, 1987: Three times he was awarded for NBA Finals MVP (Most Valuable Player).
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- 1980 and from 1982 to 1992: This period was most valuable for Magic and for his consistent performance he got the title of NBA All-Star for twelve times.
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- 1990 and 1992: He was awarded with NBA All-Star Game MVP for two times.
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- 1983 to 1991: In these years, he got the title of All-NBA First Team for nine times.
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- 1980: Firsttime he was awarded with NBA All-Rookie.
Married Life and Family
In 1978 Magic first time met with Earlitha “Cookie” Johnson at Michigan State University and after dating more than a decade they decided to marry and finally they got married on September 14, 1991, in Lansing, Michigan.
The couple has three children:
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- Andre Johnson: Born in 1981 and later he become MD of Magic Johnson Enterprises.
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- Earvin “EJ” Johnson III: Born in 1992 and he openly accepted as a gay. He worked with the reality shows like Rich Kids of Beverly Hills and become famous.
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- Elisa Johnson: She is a adopted girl by the In 1995