Two legendary figures from the NBA, Magic Johnson and Hakeem Olajuwon, spent over a decade each dominating the basketball court. Their time in the big league translated into substantial financial success, with both players amassing significant wealth through salaries, contracts, and lucrative brand partnerships.
Hakeem Olajuwon's Financial Journey
Hakeem Olajuwon, the former Houston Rockets center, enjoys a current net worth of $300 million as of 2025. This impressive figure comes from a combination of his NBA career earnings and various endorsement deals.
NBA Salaries and Contracts
Olajuwon's career earnings include all his salaries and contract agreements from his playing days. His highest single-season salary was $9.65 million, which he earned with the Houston Rockets during the 1996-1997 season. In 2001, he made a significant move by signing a three-year contract worth $13 million with the Toronto Raptors, marking the end of his long tenure with the Rockets.
Brand Endorsements and Partnerships
Beyond the basketball court, Hakeem Olajuwon partnered with several high-profile brands. These partnerships included companies like Etonic, Spalding, Uncle Ben's Rice, Frito-Lays, Taco Bell, and Visa. The income from these endorsements contributed massively to his overall net worth, solidifying his position among the top ten wealthiest NBA players.
Magic Johnson's Billion-Dollar Empire
Magic Johnson, the iconic Los Angeles Lakers point guard, boasts an even more staggering net worth. As of 2025, his financial standing reaches $1.2 billion, placing him well ahead of many former players.
Earnings from Basketball and Business
Johnson played for 13 seasons in the NBA, earning approximately $40 million in salary during that time. His final contract with the Los Angeles Lakers was worth $25 million and dates back to 1984. However, the bulk of his wealth stems from savvy business ventures and endorsement deals.
Endorsement Portfolio and Philanthropy
Magic Johnson's endorsement portfolio is extensive and lucrative. He has worked with major brands such as Converse, Pepsi, KFC, Best Buy, Starbucks, Burger King, Sony, and Sodexo. These partnerships typically bring in between $2 million and $4 million annually. Additionally, Johnson runs the Magic Johnson Foundation, a family foundation established to raise awareness about AIDS.
The financial legacies of Magic Johnson and Hakeem Olajuwon demonstrate how successful NBA careers can extend far beyond the game. Their earnings from salaries, strategic contracts, and powerful brand alliances have built fortunes that continue to grow.
