In 2024, the Washington Commanders' resurgence was headlined by their new ownership group, as Josh Harris and company revived the team from the Dan Snyder era. In the first year under Harris' ownership, Washington made it all the way to the NFC Championship game with a first-year head coach in Dan Quinn and quarterback in Jayden Daniels.
While Harris is the face of the new Commanders regime, Washington's ownership group includes a variety of minority owners, including Magic Johnson.
The NBA Hall of Famer and former Lakers star has excelled in the business world since retiring from basketball, especially as an owner in the sports industry. Johnson has had a hand in a variety of teams across the landscape.
The Sporting News takes a closer look at Johnson's sports ownership portfolio.
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How many teams does Magic Johnson own?
Johnson is a minority owner in six different sports organizations, ranging from the NFL and MLB to esports.
What teams does Magic Johnson own?
Los Angeles Dodgers
Johnson first got into sports ownership in 2012 when he joined the new group that bought the Dodgers.
While Mark Walter and Guggenheim Partners are the majority owners of the powerhouse baseball team, Johnson is one of several partners for the organization and joined the bid when Guggenheim bought the Dodgers from Frank McCourt for $2 billion.
Los Angeles Sparks
Starting in 2006, when Jerry Buss sold the team, the Sparks went through rocky ownerships, leading up to 2014. That is when Johnson, Guggenheim and other partners teamed up to form Sparks LA Sports, LLC, which bought the team that ensured they would remain in Los Angeles.
Johnson currently serves as the face of the ownership group, as listed on the team's website.
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Los Angeles FC
LAFC was founded in 2014 as a new MLS expansion team to compete with the LA Galaxy, and it immediately had a star-studded ownership. Bennett Rosenthal is the lead managing owner, while Brandon Beck and Larry Berg are co-managing owners, but the full group goes beyond those three.
Johnson joins Nomar Garciaparra, Mia Hamm and Joe Tsai as part of the team's large group of co-owners.
In 2022, LAFC won both the MLS Cup and Supporter's Shield, and in 2023 it made the Cup again. The team also played in the Club World Cup in 2025; it has been able to attract high-profile international players, including Son Heung-Min, Carlos Vela, Gareth Bale, Olivier Giroud, Hugo Lloris, and Giorgio Chiellini.
Team Liquid
Johnson is an investor in aXiomatic, an entertainment and sports management company that bought the esports franchise Team Liquid in 2016.
Team Liquid was founded in 2000 and participates in up to 23 different esports divisions.
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Washington Commanders
Johnson expanded his ownership portfolio outside Los Angeles when he joined the new Commanders ownership group. Josh Harris bought the team from Dan Snyder for over $6 billion last year, and Johnson is one of several minority owners who have helped rejuvenate the franchise in 2024.
Washington Spirit
Johnson's most recent sports ownership venture is in the NWSL, as he bought a minority in the Washington Spirit in September 2024. Michele Kang has been the Spirit's managing owner since 2022, but Johnson joins the group as a high-profile investor.
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Magic Johnson net worth
Johnson's net worth is currently $1.5 billion, according to Forbes.
The former Lakers star earned his money well beyond his basketball days, which includes several joint venture partnerships and ownership stakes in both sports teams and the life insurance company Equitrust.
Johnson earned $39.3 million in NBA contracts in his career.
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