Magic Johnson is living the kind of summer most people can only dream about and he’s doing it in grand, billionaire style. The NBA legend, Hall of Famer, and business tycoon has taken over the Mediterranean aboard the PHOENIX2, a $140 million superyacht so luxurious it caught the attention of Tom Brady, who couldn’t resist commenting on Magic’s Instagram post.
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With six weeks of luxury travel lined up alongside his wife Cookie and a roster of celebrity friends, Johnson is proving once again that his post-basketball life may be as legendary as his playing career.
The PHOENIX2 yacht, rented by Magic for a reported $1.25 million per week, is more floating five-star resort than mere boat.
Built by the famed Lürssen Yachts, it boasts seven cabins, a two-level main suite with panoramic ocean views, multiple pools, a full gym, wellness center, salon, cinema halls (both indoor and outdoor), and a jacuzzi-laced private terrace. The vessel can house 12 guests and includes 29 crew members, all dedicated to ensuring the ultimate luxury experience.
Magic’s six-week odyssey began in Antibes, France, and has so far taken him through Italy (Capri, Sicily, Portofino), Greece (Mykonos, Santorini, Oia, Kalami), Croatia, and Montenegro.
Along the way, Johnson has dined at world-famous venues like the Four Seasons Hotel in Sicily made famous by The White Lotus and Da Paolino Ristorante in Capri, where he was joined by none other than Michael Jordan, Samuel L. Jackson, Judge Greg Mathis, and their spouses.
Naturally, the yacht life includes extravagant celebrations. Magic and Cookie hosted a Greek-themed toga party with friends while sailing through the Ionian Islands, a moment he proudly shared online: “We had a fun toga party on the yacht last night with our friends and the crew!”
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Later, they were joined by their children and grandchildren, turning the floating palace into a family affair.
Despite the luxurious escape, Magic’s business empire remains firmly intact. Worth an estimated $1.5 billion, Johnson’s portfolio spans ownership stakes in the Los Angeles Dodgers (MLB), Washington Commanders (NFL), LA Sparks (WNBA), LAFC (MLS), and Washington Spirit (NWSL). He’s also invested heavily in real estate, urban development, and healthcare, often with a focus on underserved communities.
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From an NBA career that earned him just under $40 million, a sum OG Anunoby will eclipse in a single season, Magic has transformed into a business mogul through vision, discipline, and savvy investments.
His historic $25 million contract with the Lakers in the ’80s, then the richest in sports, was just the beginning. Today, he’s waving to fans from the top deck of a yacht that costs more per week than most Americans earn in years.
As Magic and Cookie toast another sunset in the Mediterranean, one thing is clear: Magic Johnson is still showtime just with waves and wine instead of basketballs and buzzer-beaters.
