Johnson runs Magic Johnson Enterprises, a company that has a net worth of $700 million; its subsidiaries include Magic Johnson Productions, a promotional company; Magic Johnson Theaters, a nationwide chain of movie theaters; and Magic Johnson Entertainment, a movie studio.
=== Mediji in poslovni svet ===Leta 1998 je Johnson vodil pozno večerno pogovorno oddajo "The Magic Hour" na televizijski mreži Fox, toda po dveh mesecih je bila zaradi nizke gledanosti ukinjena.