From Court to Business: How Magic Johnson Built a $620 Million Net Worth!

April 13, 2023

Are you looking for some inspiration on how to turn your talents and passions into a lucrative business venture? Look no further than Magic Johnson, who has not only dominated the basketball court but also the world of entrepreneurship. With a net worth of $620 million, Magic’s success story is one that continues to inspire and motivate aspiring entrepreneurs worldwide. So sit back, grab a coffee, and let’s delve into how this legendary athlete transformed himself from court superstar to successful business mogul.

Magic Johnson Net Worth

Introduction to Magic Johnson’s Career in Basketball

Born Earvin Johnson Jr. in Lansing, Michigan, Magic Johnson was always a natural at basketball. From a young age, he excelled at the sport, which eventually led to him being recruited by Michigan State University. After an impressive college career, Johnson was drafted by the Los Angeles Lakers in 1979 and quickly became one of the best players in the NBA.

During his time with the Lakers, Johnson won five NBA championships, was named Most Valuable Player three times, and made twelve appearances in the All-Star game. He also helped lead the “Showtime” Lakers to victory in the 1980 NBA Finals against the Philadelphia 76ers, famously dubbed “The Miracle on Manchester.”

After retiring from basketball in 1991 due to HIV/AIDS, Johnson became a successful businessman. He started several companies, including Magic Johnson Enterprises, and has appeared on multiple TV shows and movies. In 2012, he was inducted into the Basketball Hall of Fame. Today, Magic Johnson’s net worth is an estimated $600 million dollars.

How Magic Johnson Transformed his Success on the Court into a Business Empire

Magic Johnson is one of the most successful basketball players of all time. He was a member of the “Dream Team” that won the gold medal at the 1992 Olympics, and he is a five-time NBA champion. After his playing career ended, Johnson became a highly successful businessman. He is the owner of several businesses, including the Los Angeles Lakers, and his net worth is estimated to be $600 million.

Johnson’s success as a businessman can be traced back to his days as a player. During his time with the Lakers, Johnson learned how to work with people and build relationships. He also developed a strong work ethic and an ability to think outside the box. These skills have served him well in his business ventures.

In addition to his business acumen, Johnson has also been generous with his time and resources. He has donated millions of dollars to charitable causes, including education and HIV/AIDS research. He is also an active philanthropist, working to improve the lives of underserved communities in Los Angeles and beyond.

Magic Johnson’s Investments and Companies

Magic Johnson has been an investor and entrepreneur since his days with the Lakers. He has made significant investments in a number of companies, including Starbucks, 24 Hour Fitness, and the Los Angeles Dodgers.

Starbucks: Magic Johnson is a part owner of Starbucks and helped the company open stores in urban areas. He is credited with helping the company grow its customer base beyond just coffee drinkers.

24 Hour Fitness: Magic Johnson is a part owner of 24 Hour Fitness and helped the company expand its reach to inner city communities. He is also credited with helping the company improve its customer service.

Los Angeles Dodgers: Magic Johnson is a part owner of the Los Angeles Dodgers and helped the team win the World Series in 2020. He is also credited with helping to bring in new fans to baseball.

Philanthropic Engagements of Magic Johnson

1. Philanthropic Engagements of Magic Johnson

After his successful career in the NBA, Magic Johnson has been active in philanthropy and engagement with various charities. He has served as a board member of several organizations, including the American Red Cross, Boys & Girls Clubs of America, and the NAACP. In addition, he has created his own foundation, the Magic Johnson Foundation, which is dedicated to improving the lives of inner-city youth through education and enrichment programs.

Through his work with these organizations, Magic Johnson has helped to raise millions of dollars for causes that are important to him. He is a strong advocate for education and has worked to improve access to quality education for students in underserved communities. He has also been a vocal supporter of HIV/AIDS awareness and prevention efforts, as well as working to end discrimination against those living with HIV/AIDS.

Lessons Learnt from the Life of Magic Johnson

From Court to Business: How Magic Johnson Built a $ Million Net Worth

1. Lessons Learnt from the Life of Magic Johnson

Magic Johnson is one of the most successful athletes-turned-businessmen in the world today, with a net worth of over $700 million. The basketball legend has used his platform and his business acumen to build a vast empire, including movie theatres, real estate developments, and a minority stake in the Los Angeles Lakers.

But how did Magic Johnson go from being a talented basketball player to becoming a business mogul? In this article, we’ll take a look at some of the key lessons that Magic Johnson has learnt throughout his life, both on and off the court, that have helped him achieve such incredible success.

1. Believe in Yourself: One of the most important lessons that Magic Johnson learnt early on in his life was the importance of self-belief. When he was first starting out as a young basketball player, people told him time and time again that he wasn’t good enough to make it in the NBA. But Magic didn’t listen to them – he believed in himself and he knew that he had what it takes to be successful. This belief eventually led him to become one of the greatest basketball players of all time. And as we all know, self-belief is essential for achieving success in any area of life. If you don’t believe in yourself, then it’s very unlikely that you’ll ever


Magic Johnson’s story is truly inspiring. His meteoric rise from an NBA court to becoming a powerful business mogul is one that demonstrates the power of hard work, dedication and ambition. With more than $620 million in net worth and numerous businesses under his belt, it is clear that there are no limits when it comes to what you can achieve with enough drive and determination. Let Magic Johnson’s story be a reminder to us all that anything is possible if we just put our minds to it.