Analysis: Warsh rate hike reinforces Fed independence after Trump pressure Americans' incomes rose and poverty fell in 2025, Census Bureau says OpenAI CFO Sarah Friar emphasizes 'need to take safety seriously' on AI risks Elon Musk, the world’s richest man, says he’s living in an Airstream trailer to oversee xAI’s biggest expansion yet Dominant Kerr wins $150K with GB's first Ultimate title Amid war and sanctions, many Iranians are losing their jobs and struggling to get by Dan Chung rebuilt a decimated Alger Management after 9/11. He's still finding the market's winners Kenya's foreign trader crackdown sparks fear among migrant communities OpenAI says it cracked one of math’s grand challenges. But there are troubling questions about how they did it—and what it means for us all U.S. debt is even worse than it seems, and rising Treasury yields are now an ‘all-hands-on-deck situation,’ top economist warns

Magic Johnson

Magic Johnson

Magic Johnson (#2588)

Global Rank #2588
Country Rank #838
Country United States

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

  • $ 2 B
  • Basketball, investments
  • United States
  • M
  • 67 Years

Snapshot

Quick Facts

Global Rank #2,588
Country Rank #838
Net Worth $1.6B
Previous Worth $1.6B
Worth Change +$0.0B
Country United States
Industry Basketball, investments
Age 67 Years
Gender M
Worth As Of May 4, 2026
Last Refreshed 08 Sep 2026, 12:00 AM
Residence Los Angeles, California
World Billionaires List United States Billionaires Basketball, investments

Profile Data

Personal Stats

Age 67
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.

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)

© Iconic Billionaires