For Magic Johnson, born August 14, 1959, in Lansing, Michigan, basketball was an obsession. Dad Earvin Johnson Sr was a basketball lover, and clearly passed that onto his son.
Magic Johnson made a lot of money from his basketball career. Reports in 2023 say he pulled in $39.3 million from his career, both as part of contractual and executive obligations.
One of the biggest plays in Magic’s business career was his dealings with Starbucks. From 1998 to 2010, his company owned over 100 Starbucks stores. He called it quits in 2010, selling his stake, and subsequently pocketed $100 million.