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Magic Johnson’s net worth in 2025 is $1.6 billion. Johnson is best known to NBA fans as arguably the best point guard ever. With five championships and three NBA Finals MVPs to his credit, the Lakers legend is a pillar of the NBA’s history. In this specific post, though, we’re looking at Magic Johnson’s net worth in 2025.
Born on Aug. 14, 1959, in Lansing, Mich., Earvin “Magic” Johnson Jr. would go on to become one of the most recognizable faces in the sporting world. Johnson enjoyed a successful career on the court, but he has also flourished in many fruitful endeavors off the hardwood.
As of 2025, Magic Johnson’s net worth somewhere in the neighborhood of $1.6 billion according to Forbes, but how did the Lakers icon get to this point?
After winning championships in high school and college at Michigan State, Johnson was taken No. 1 overall by the Lakers (1979). In the early 1980s, he signed a 25-year, $25 million contract with Los Angeles. That’s right … 25 years.
The contract started in 1984 and expired in 2009. The idea was to have Johnson serve as part of the team’s front office in the future — an idea that later came to fruition.
Johnson was immediately handed the keys to the Showtime Lakers in his rookie season, and in the same lineup as Hall of Famer Kareem Abdul-Jabbar, Johnson help lead the Lakers to their first title since 19723 and just their second since moving to Los Angeles prior to the 1960-61 season. Magic Johnson won his first of three Finals MVPs.
After injuries shortened his sophomore season, the only year of his career he wasn’t named an All-Star, Johnson again led the team to an NBA title in the 1981-82 season. It began an incredible run where Johnson and the Lakers reached the NBA Finals seven times in eight seasons with the Lakers winning four times.
While the 1989-90 season was arguably the best regular season for Johnson in which he won his only MVP, the Phoenix Suns upset the 63-19 Lakers in the Western Conference Semifinals in five games. They returned to the Finals the next season but lost in five games to Michael Jordan and the Chicago Bulls in their first of three straight titles.
Johnson announced his retirement in 1991 after learning that he had tested positive for HIV. This came just 45 days after he got married to his wife, Cookie Johnson. He returned to the NBA as coach of the Lakers near the end of the 1993-94 NBA season, taking the reins for a team that had a 28-38 overall record.
Notably, five of his former teammates were on the roster at that time, including Vlade Divac, Elden Campbell, Tony Smith, Kurt Rambis, James...
