
via Getty
ALPHARETTA, GEORGIA – JUNE 24: Magic Johnson on stage during the TSP Live 2022 conference at The Hotel at Avalon on June 24, 2022 in Alpharetta, Georgia. (Photo by Derek White/Getty Images)

via Getty
ALPHARETTA, GEORGIA – JUNE 24: Magic Johnson on stage during the TSP Live 2022 conference at The Hotel at Avalon on June 24, 2022 in Alpharetta, Georgia. (Photo by Derek White/Getty Images)
A former NBA player turned Billionaire! In 2023 Earvin ‘Magic’ Johnson became the only fourth professional athlete to enter that club. Previously, Michael Jordan, LeBron James, and Tiger Woods were part of the list. Interestingly, his on-court wealth amounted to only $40 million from his NBA career. If adjusted for inflation, the Los Angeles Lakers legend’s career income rounds off to $110 million. But thanks to his shrewd business acumen he has reached that mark.
When you make enough wealth, naturally real estate investment becomes a part of your portfolio. Naturally, this is the case for Magic Johnson as well. Multiple mansions, ranging from 7,700 square feet to 12,000 square feet. Some would even stand toe to toe against any theme park with the number of amenities inside the house. Being the high profile player ever since the college days, it is obvious his home would also be larger than life.
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Looking at Magic Johnson’s first home with and without his wife Cookie
His very first property reportedly came in 1981. At the time he was already an NBA champion too with the youngest finals MVP accolade. A 10,000-square-foot custom mansion built in Bel Air. It was a six-bedroom home built in guard-gated Moraga Estates. Consisted of the family room, the game room, the media room, and even a locker room. The game room had its own wet bar which connected with the backyard for a better experience. The media room had an entire wall of glass looking down onto a massive indoor basketball court. Any basketball player’s home is incomplete without a court.
Not to forget it had a pool, spa, barbecue, and fire pit to complete the homely atmosphere. Magic Johnson reportedly stayed in that place until he met his wife. His purchase and selling price for the mansion is not available, but he left a goodbye note in the locker room where he had other NBA player’s autographs. “Good luck, work hard. P.S. Have fun.” As per 2022 records, the house was available at a whopping price of $14.5 million. This was his home before he tied the knot with his wife.

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VIPs Watch Detroit Pistons v Chicago Bulls – Paris Magic Johnson and his wife Cookie Johnson attend the NBA Paris Game 2023 match between Detroit Pistons and Chicago Bulls at AccorHotels Arena on January 19, 2023 in Paris, France. Photo by Laurent Zabulon/ABACAPRESS.COM Paris France PUBLICATIONxNOTxINxFRAxESPxUKxUSAxBELxPOL Copyright: xZabulonxLaurent/ABACAx 839000_030 ZabulonxLaurent/ABACAx 839000_030
courtesy : Imago
It’s the same house that in 2013, was on full display on Oprah Winfrey’s show. Situated in the Beverly Hills, gated community Beverly Park, Magic Johnson shelled out $2.3 million at the time. The 12,000-square-foot house consisted of seven bedrooms and eight bathrooms. Want something more impressive? A patio with a bar, a fire pit in the backyard, plus a barbeque and a grotto especially built for family reunions.
It also had a full-size tennis court and a pool in the backyard. The thing that caught people’s attention was the ‘Magic’s man cave’. It had a collection of his jerseys, trophies, and obviously a basketball collection. That collection signified his assists, double-doubles, and triple-doubles. More importantly, Magic Johnson revealed to Winfrey that he had never worn those five rings and the most special one was the 1985 one. Simply because it was a victory over his long-term rival Larry Bird and the Celtics.
This place has been on the market multiple times, first in 1992 for $6 million. Later in 1998, close to $8 million, but reportedly the couple still owns.
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From courts to mansions: Does Magic Johnson's real estate empire outshine his basketball legacy?
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Other places that the NBA icon has in his portfolio
The 5x NBA champion’s very first vacation home was in Napili Bay in Maui. The area known to the people was Magic Johnson Street which was close to beaches and oceanic views. But the couple eventually decided to sell it off, since it was too far to travel. So, they bought a house close to their actual home.”We used to own a second home in Napili, Hawaii, but we just said, ‘Man, it’s too far to get to.'”
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The Michigan State Alum told Architectural Digest back in 2009. “Especially with young kids. Cookie and I always used to come south for little getaways. So we were down for our anniversary in September a couple of years ago, staying at a hotel at the time, and we had his-and-her massages. That was the moment right there. She turned and looked at me and said, ‘Why don’t we just get a home here?‘”
A beach house in Southern California which has a view of the Pacific Ocean. The 12x All-Star bought it for $7.6 million and is a 7,700-square-foot.

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Nov. 7 , 2011; Los Angeles, CA, USA; Magic Johnson (right) and his wife Cookie Johnson (left) during the press conference held by the Magic Johnson foundation at the Staples Center. 20 years to the date Irvin “Magic” Johnson announced his HIV status and retirement from the NBA. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images
Features of five bedrooms, seven bathrooms, a home theater, a wine cellar, and even an outdoor pool. A three-story, Tuscan-style beach house in Orange County with Mediterranean architecture. Thanks to designer Michael Kreiss, who helped the couple build their vacation home, which they still own.
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Lastly, the Los Angeles Lakers legend had a five-bedroom, six-bathroom mansion in Las Vegas. With the regular game room, and a basketball court. Interestingly, it also had a two-lane bowling alley, a racquetball court, a tennis court even a batting cage. Magic Johnson also made sure to have an indoor and outdoor swimming pool, and also an in-ground trampoline. However, no such record is available about who currently owns the place.
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From courts to mansions: Does Magic Johnson's real estate empire outshine his basketball legacy?