In 2023, former NBA legend, Magic Johnson became a billionaire per a Forbes publication. But fans want to know how much his wife, Cookie, is worth and who the oldest is.
Magic Johnson and Earlitha “Cookie” Johnson tied the knot on September 14, 1991, in Lansing, Michigan.
The pair are one of the most recognizable couples in Hollywood.
The NBA star and entrepreneur have been together off and on for over 40 years, making them one of the rare couples in Hollywood that have had a long-lasting relationship despite trials and tribulations.
Magic and Cookie met during college at Michigan State University in the late ’70s. Magic, a freshman, was already a well-known local athlete when the two crossed paths at a party on campus before Christmas break, exchanged numbers, and began dating days after.
Their road to the altar was not an easy one, though. Throughout their decades-long relationship, Magic and Cookie broke up and reconciled several times before Magic proposed.
Magic and Cookie were able to work through their differences and have now been happily married for over 30 years.
Now, fans want to know more about the couple, especially, regarding their ages, businesses, and net worth. Here’s what we know about their age gaps, and who the richest is between the lovers.
What is Magic Johnson’s net worth?
According to Forbes magazine, Los Angeles Lakers icon Magic Johnson has a current net worth of $1.2 billion due to several savvy investments including professional sports teams, movie theaters, and Starbucks cafes.
Magic was officially declared a billionaire by the reputable site in October 2023.
The NBA legend has become just the fourth professional athlete to reach billionaire status, joining Michael Jordan, LeBron James, and Tiger Woods.
He accrued his fortune from his professions as a Talk show host, Basketball player, Actor, Film Producer, Athlete, Entrepreneur, Television producer, and Basketball Coach.
The principal source of his wealth is believed to come from a 60% stake in Iowa-based life insurance company EquiTrust he purchased in 2015.
During the summer, Johnson expanded his sports empire by becoming a limited partner in the NFL’s Washington Commanders.
The basketball legend is part of an investment group headed by Josh Harris, which finalized the purchase of the Commanders from Dan Snyder for a record $6.05 billion.
According to reports, Johnson holds a 4% stake in the Commanders, which is a $242 million investment.
It means Johnson, who is the CEO and chairman of Magic Johnson Enterprises, now owns stakes in four major professional sports teams in the United States.
As well as his investment in the Commanders, Johnson is a minority owner of MLB’s Los Angeles Dodgers, the WNBA’s LA Sparks, and MLS club LAFC.
Johnson said his involvement in the Commanders’ sale is “truly the biggest achievement in my business career and a historic moment for the entire Black community.”
Magic Johnson, one of the greatest players in National Basketball Association history led the Los Angeles Lakers to five championships.
He played point guard for the team for 13 seasons and won five NBA Championships in the years: 1980, 1982, 1985, 1987, and 1988.
What is Cookie Johnson’s net worth?
Cookie (real name: Earlitha Kelly Johnson) is a businesswoman with a net worth of nearly $50 million, according to Celebrity Net Worth.
Cookie was previously a college basketball player and later became a successful businesswoman.
She has designed her clothing line, CJ by Cookie Johnson, for women with figures like hers, seeking clothes to fit them just right.
She and Magic also founded the Magic Johnson Foundation to develop and fund programs geared at preventing HIV/AIDS.
Cookie serves on the organization’s board of directors.
Who is richer between Magic Johnson and Cookie Johnson?
Magic Johnson, who turned down an offer from Nike in the late 1970s, is much wealthier than his wife, Cookie.
Magic has an estimated current net worth of $1.2 billion and makes the most money from his stakes in four major US sports franchises.
His wife other the other hand is equally rich but nowhere close to the former NBA player. Cookie has a current personal net value of $50 million.
The pair have a combined fortune of $1.250 billion and a net worth difference of $1.15 billion.
Magic and Cookie are known for their annual lavish yachting trips with famous friends, such as Samuel L. Jackson and LL Cool J. In 2021, the group traced a route from Greece to Italy, stopping at ports in Capri, Sorrento, and Sardinia.
Their 281-foot yacht was decked out with seven guest suites, a gym, a hair salon, and two massage rooms. It also featured a full bar and a party deck.
In July 2023, the couple chartered a 296-foot superyacht with their friends Jackson and Judge Greg Mathis, and their respective wives. The group visited ports in Italy, France, and Greece. While in Capri, they enjoyed dinner with Michael Jordan and his wife, Yvette Prieto, at the world-famous Da Paolino Ristorante.
What is the age gap between Magic Johnson and Cookie Johnson?
Cookie Johnson is older than her husband, Magic Johnson.
The pair have a six-month age gap.
They were both born in the same year but on different different months.
While the NBA Hall of Fame was born on August 14, 1959, his spouse celebrates her birthday on January 20 and was born in 1959.
They got married when they were both 32 years old.
Magic is originally from Lansing, Michigan, United States, and was born to Earvin Johnson Sr., and Christine Johnson whereas Cookie is from Huntsville, Alabama, United States.