Magic Johnson

Magic Johnson (#2578)

Global Rank #2578

Country Rank #816

Country United States

Magic Johnson is listed among the world billionaires tracked by Iconic Billionaires.

$ 2 B
Basketball, investments
United States
M
66 Years

Snapshot

Quick Facts

Global Rank #2,578

Country Rank #816

Net Worth $1.6B

Previous Worth $1.6B

Worth Change +$0.0B

Country United States

Industry Basketball, investments

Age 66 Years

Gender M

Worth As Of May 4, 2026

Residence Los Angeles, California

Citizenship United States

World Billionaires List United States Billionaires Basketball, investments

Profile Data

Personal Stats

Age 66

Source Of Wealth Basketball, investments, Self Made

Residence Los Angeles, California

Citizenship United States

Marital Status Married

Children 3

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $1.6B

Current Net Worth $1.6B

Worth as of May 4, 2026

About Me

Earvin "Magic" Johnson is one of the greatest NBA players of all time. Forbes named him a billionaire in October 2023. Johnson earned only around $40 million total as a Los Angeles Lakers player, mainly in the 1980s, and even at his peak only brought in between $2 million and $4 million per year in endorsements. Instead he built his wealth through joint venture partnerships in everything from movie theaters, Starbucks franchises, real estate and healthcare. The majority of his fortune comes from a 60% ownership stake in life insurance company Equitrust, which has grown from $16 billion in assets under management to $33 billion since he took over in 2015. He also owns small ownership stakes in the NFL's Washington Commanders, MLB's Los Angeles Dodgers, WNBA's Los Angeles Sparks and MLS' LAFC.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Magic Johnson.

#2481

Billionaires (2026)

Ranked

The ForbesBLK 50 (2024)

Insights

Did You Know?

Johnson is just the fourth athlete billionaire Forbes has ever identified. The others are Michael Jordan, Tiger Woods and LeBron James.

Before the 1979 NBA Draft, Nike offered Johnson stock in the company and royalties on shoe sales. He declined in favor of $100,000 per year cash from Converse.

Wealth Growth

Net Worth Growth Over Time

Tracking Magic Johnson's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $1.6B (May 4, 2026)