Earvin Magic Johnson

Earvin "Magic" Johnson, Jr. holds the positions of Chairman and Chief Executive Officer at Magic Johnson Enterprises, a company boasting a highly successful investment portfolio of renowned national franchises. Over the years, this impressive portfolio has encompassed, or currently includes, major names such as Starbucks, Burger King, 24 Hour Fitness, Washington Mutual Home Loan Centers, AMC/Magic Johnson Movie Theatres, and T.G.I. Fridays. Notably, Mr. Johnson is also a co-owner of multiple sports franchises, including the LA Dodgers, the LA Sparks, the LA FC, and the Washington Commanders. Through strategic investments in key markets, the franchise networks under Magic Johnson Enterprises collectively cater to over 32 million consumers annually across 163 locations spanning 19 states within the United States.

Mr. Johnson's overarching mission revolves around the revitalization and provision of high-quality entertainment and services in underserved urban communities. In this pivotal role, Johnson actively encourages accomplished business leaders to reinstate services and foster the development of new business ventures in neglected regions throughout the United States.

One of the primary goals of Magic Johnson Enterprises is to breathe new life into inner-city areas by generating job opportunities. As Mr. Johnson eloquently puts it, "Creating black presidents, vice presidents, general managers, managers—that has been the best part." He went on to express his admiration for BET founder Bob Johnson, remarking in a Fortune magazine article, "Kids look to ballplayers as idols, but BET founder Bob Johnson is my idol."

Beyond his remarkable contributions to business, Earvin "Magic" Johnson is celebrated worldwide for his illustrious 13-year career in the National Basketball Association (NBA). As a five-time NBA champion and a 12-time All-Star, he secured a spot on ten All-NBA teams and was honored with the MVP title for both the regular season and the Finals three times. Only a select few athletes possess the capacity to fundamentally transform the way their sport is played through their unique talents, and Earvin "Magic" Johnson unquestionably belongs to this elite group.

In 2008, Fortune magazine estimated Earvin "Magic" Johnson's net worth to fall within the range of $800 to $900 million. Fast forward to October 2023, Forbes magazine (Paywall) assessed his net worth at $1.2 billion. This notable achievement positions him as the fourth athlete to attain billionaire status, alongside the likes of Tiger Woods, Michael Jordan and LeBron James.

Magic Johnson Enterprises Brands Portfolio

Ownership:

Magic Johnson Enterprises has made a significant impact on various industries, and its impressive brand portfolio includes ownership of organizations such as:

• Washington Commanders
• Atlanta Life Insurance Company
• SodexoMagic
• EquiTrust
• Los Angeles Dodgers
• Oklahoma City Dodgers
• Los Angeles Sparks
• Los Angeles Football Club
• Team Liquid
• Hudson Group
• Walton-Isaacson

Partnerships:

Additionally, the company has established partnerships with:

• MJE-Loop Capital Partners LLC

Venture Investments

Magic Johnson Enterprises also has venture capital investments in:

• Skydio
• Starco Brands
• ShotTracker
• Uncharted Power