Magic Johnson went from an unequivocal role in the NBA to a businessman and a legend in his own right.
Magic Johnson’s net worth is currently estimated to be about $600 million, according to Celebrity Net Worth. During his career as an NBA player, Johnson’s annual salary was around $24 million, an amount that hasn’t been adjusted for inflation.
Despite his career ending prematurely due to hysteria over his HIV diagnosis, Magic Johnson had an impeccable 12-year run in the NBA. He won five championships out of nine trips to the finals, earned three MVP awards, and was selected to the All-NBA First Team nine times.
In 1995, he opened up Magic Johnson Enterprises. This business venture grew into other ventures such as the ownership of health clubs, movie theaters, real estate, and more. Johnson purchased a majority stake in the Los Angeles Dodgers for $2 million. He also owns a stake in the WNBA’s Los Angeles Sparks. Not to mention, the retired basketball legend is part-owner of the Los Angeles Football Club, an expansion team in Major League Soccer.
With an estimated $600 million net worth, it’s no wonder that he wanted his three children to carry on his legacy. Fortunately, his three children are not only holding their own in the industry, but they’re doing their papa proud.
Let’s take a look at how they’re carrying on the Johnson name with pride.
Editorial note: The net worth listed in this piece is a speculative estimate drawn from a variety of online sources.
Earvin Johnson III — better known as EJ Johnson — is the most public of Magic Johnson’s three children. He got his start on the hit reality show, “Rich Kids of Beverly Hills.” He also had a short-lived reality show of his own, but today, he’s got a voiceover role on the upcoming reboot of “The Proud Family” called “Proud Family: Louder and Prouder.” EJ let everyone know on Instagram that he’ll be playing “Michael Collins.”
According to Celebrity Net Worth, EJ Johnson has an estimated $5 million net worth.
Elisa Johnson is the youngest of the bunch. Though she also starred on “Rich Kids of Beverly Hills” with EJ, she chose to take a more behind-the-scenes role in the industry.
“I think you have to have a certain type of confidence level. You have to be prepared for people to say certain things about you, and it just wasn’t for me,” she said about her brief time in the spotlight.
Today, she owns her own eponymous sunglasses company.