If you’re wondering how much Magic Johnson worth, you’ve come to the right place. He is a legendary basketball player, philanthropist, motivational speaker, and owner of a chain of stores. Read on to learn more about his fortune. Listed below are a few sources for Johnson’s net worth. A few things to consider: A documentary about Johnson’s life and career will be coming to Apple TV+ soon, and there’s a new docuseries on Apple TV+. A People magazine article also offers some facts on Johnson’s fortune.
Magic Johnson is a basketball legend
Magic Johnson is a basketball legend in many ways. His success as a player spawned numerous entrepreneurial enterprises. He has also become a prominent HIV/AIDS activist. Magic Johnson bought a stake in the Los Angeles Dodgers in 2012. In 2013, he returned to the Lakers as an adviser, then was named president of basketball operations. However, he left the team after the 2018-19 season.
Johnson’s dazzling basketball career spanned 13 seasons in the National Basketball Association. In 1979, he was drafted first overall by the Los Angeles Lakers. He would eventually lead the Lakers to five NBA titles. After retiring from the NBA, Johnson started a campaign to raise awareness about AIDS. In 1992, he won the J. Walter Kennedy Citizenship Award for his efforts.
Johnson was named one of the NBA’s 50 greatest players and was inducted into the Naismith Memorial Basketball Hall of Fame in 2002. He has also authored a book on his business successes, titled 32 Ways to Be a Champion in Business. His life story is reflected in a docuseries entitled They Call Me Magic.
He is a philanthropist
Magic Johnson has a long and illustrious career in the basketball world, including being regarded as the greatest point guard of all time. A former NBA star, Johnson played 13 seasons in the National Basketball Association. His philanthropy is primarily focused on helping children.
Johnson started the Magic Johnson Foundation in 1991 to support educational and health programs for urban communities. It aims to eliminate negative cultural barriers and advance economic equality by engaging underserved communities in every aspect of daily life. It also promotes AIDS/HIV awareness and develops positive emerging leaders.
Since its founding in 1991, the Magic Johnson Foundation has given over $14 million to causes of a similar mission. The organization focuses on education about HIV/AIDS in communities of color, with a particular focus on youth and high-risk groups. In addition, the foundation provides financial assistance and mentorship to community-based organizations that work with and serve these communities.
After retiring from the NBA, Johnson has continued to give back to his community through numerous organizations. He has helped thousands of people get tested for HIV/AIDS and donated to organizations that provide nutrition.
He is a motivational speaker
Magic Johnson is an American former professional basketball player. He is widely considered one of the best point guards of all time and played thirteen seasons in the National Basketball Association. His experiences on the court have inspired millions of people to become better people. Now, Johnson uses his experiences as a motivational speaker to help people find their purpose in life.
As a motivational speaker, Magic Johnson inspires audiences to live a life that is full of passion and service. He weaves stories from basketball, business, and his life to motivate and inspire his audience. His powerful stage presence and celebrity appeal ensure that his message will touch audiences in all walks of life.
In addition to being an NBA player, Magic Johnson has a successful business background. His company, Magic Johnson Enterprises, has more than seven hundred million dollars in annual sales. The company strives to empower underserved communities and provides quality products and services. His company also invests in minority-owned businesses.
Johnson’s successful career has earned him a place among the world’s most influential black people. He is a philanthropist and a billionaire, and he has partnered with many organizations. His most successful business venture, Magic Johnson Theatres, is a franchise that was created in partnership with Sony Pictures. The company grew to be a catalyst for urban redevelopment and is recognized as a corporate blueprint for engaging with urban consumers.
He owns a chain of stores
Entrepreneur Magic Johnson has built a fortune by investing in inner city businesses. He has invested in Starbucks, Burger King, and other chains, and has created over 4.5 million square feet of retail space. He has also made numerous investments in real estate. One such project is the conversion of the Williamsburg Savings Bank Tower into a major office building. He also owns a large portion of the PepsiCO bottling facility in Washington, DC, which will become the largest minority-owned Pepsi plant in the U.S. His other recent ventures include a major investment in EquiTrust life insurance, which manages $14.5 billion in life insurance.
In addition to his business endeavors, Magic Johnson has a number of entertainment properties. His Magic Theatres chain includes three 12-screen theaters in Atlanta, one in Houston, and another in Cleveland. These theaters attract an average of three to four million visitors a year. His other endeavors include Magic Johnson Entertainment, Magic Johnson Productions, and Aspire TV.
Magic Johnson has developed many different businesses since he first got involved in retail in 1981. He began partnering with major players in various industries, including Starbucks CEO Howard Schultz and Sony Pictures. He also bought over a hundred Starbucks stores between 1998 and 2010. These ventures have proven to be successful, and have helped Johnson build a thriving business.
He is an investor in 125 Starbucks locations
Magic Johnson, a legend in basketball, is also a business genius. The NBA star has invested in 125 Starbucks locations and has made millions. In addition to being an investor in the coffee company, Johnson has created several other businesses. Among them, he founded the Magic Johnson Enterprises and financed two Colorado radio stations. He has also teamed up with Starbucks founder Howard Schultz to open stores in inner cities.
The multi-millionaire entrepreneur is the owner of several businesses, including the renowned Magic Johnson Theaters. His theaters opened a new market for himself and his investors. His empire also includes 125 Starbucks locations, 31 burger kings, a 24-hour fitness club, and two insurance companies.
During his early days, Magic Johnson was a janitor in a school. He would pretend to be a CEO. His passion for running a business led him to believe that he could become a successful entrepreneur. However, he was rejected from ten different banks before one took a chance on him.
After retiring from the NBA, Johnson focused on developing his Magic Johnson Enterprises. The company grew to be worth $1 billion. In the 1990s, Johnson began investing in various urban businesses and eventually bought 125 Starbucks locations.
He has a home in Beverly Hills
Magic Johnson has a home in Beverly Hills that is worth $20 million. The former NBA star purchased his Beverly Hills mansion a year before marrying his wife, Cookie Johnson. The house features a full-sized tennis court, an infinity pool in the backyard, and an outdoor lagoon. The home also has seven bedrooms and eight bathrooms. Inside, you can find a man cave filled with basketballs representing Magic’s basketball records.
The Hollywood legend has had a number of business ventures over the years. In addition to owning 105 Starbucks outlets and a 4.5% stake in the Lakers, Johnson has also invested in the Dodgers and the LA Sparks WNBA teams. His own personal plane is based in Van Nuys.
Johnson has a home in Beverly Hills and a beach house in Hawaii. His home is designed by Michael Kreiss, the president of Kreiss Design. The couple first bought the property in 2004 for $4.4 million. They also own a Tuscan-style beach house in Orange County.
He has invested in Founders National Bank
The NBA star and his business partners have invested in Founders National Bank, one of the country’s largest black-owned banks. Johnson and Jheryl Busby have purchased a 51% stake in the bank, which has over $100 million in assets. The bank was founded in 1905 and is the only African-American-owned bank in the state of California. Founders was founded by Leon Garr, who served as a controlling shareholder. His grandfather is Carlton Jenkins.
The bank has been in business for 23 years, and has grown from a single location in Orange County to five locations in Los Angeles. It focuses on lending to small businesses and consumers. With this investment, Founders will be able to expand its lending capabilities and reach into new areas, benefiting the entire community.
The bank’s success will be determined by its marketing and brand positioning. A high-profile African-American can help the bank’s marketing efforts.