Print this page
Wednesday, 29 May 2019 19:53

Earvin "Magic" Johnson Featured

Written by 
Rate this item
(0 votes)

Earvin “Magic” Johnson is the Chairman and Chief Executive Officer of Magic Johnson Enterprises, an investment conglomerate valued at an estimated $1 billion dollars. Since retiring from the NBA over 20years ago, the legendary basketball star has morphed into a business powerhouse who has dedicated hislife to leaving a positive impact in underserved urban communities. Having left the basketball court forthe boardroom, Johnson parlayed the skills and tenacity he acquired on the court into a winning formulafor his successful business ventures.

For the last two decades Johnson has consistently turned heads with his unprecedented partnerships. Inhis early years as an entrepreneur, he forged an alliance with Sony Pictures to develop Magic JohnsonTheatres. In 1998, he teamed with Starbucks to become the only franchisee in the history of thecompany, acquiring and eventually selling 125 stores in a lucrative move which further solidified hisposition in the business world. Both ventures served as catalysts for redevelopment in urbancommunities, and are widely recognized as the corporate blueprint for engagement and success withurban consumers across America.

Still a commanding presence in the sports world, he made history in 2012 when he became co-owner ofthe Los Angeles Dodgers, a Major League Baseball franchise that was purchased for an astronomical $2billion dollars. It was the highest purchase price for any professional sports team at the time. He also coownsthe Los Angeles Sparks of the WNBA, Major League Soccer’s Los Angeles Football Club, and eSportsfranchise Team Liquid.

Johnson continues to expand his influence through a number of other investments. He currently hascontrolling interests in EquiTrust, a $17 billion financial services company, ASPiRE, an African-Americantelevision network, and SodexoMAGIC, a food service and facilities management company.

The Lansing native is constantly evolving and remaining relevant in a dynamic digital age by broadeninghis scope into infrastructure and technology. Through a newly formed fund, Johnson is investing millionsof dollars on infrastructure improvement in the United States. Operating under the philosophy that truesuccess is making others successful, he is one of the leading investors in a number of minority-ownedtech companies that include Uncharted Power, a company that uses their renewable kinetic energysolutions to generate clean, consistent, and cost-efficient power for communities, facilities, and theInternet of Things; ShotTracker, a company that makes wearable technology for basketball players thathelps track player and ball movement; Jopwell, a diversity and hiring recruiting platform; Walker & CoBrands, a company that develops health and beauty products for people of color; and MiTú, the Latinofueledmedia brand and digital network that connects thousands of Latin content creators with viewersaround the world. He is deliberate in his investment strategy to bring positive impact to the community.

Johnson proudly serves as Chairman and Founder of the Magic Johnson Foundation, who has awardedover $21 million in grants – cash and technology hardware/software – and made a positive impact in thelives of over 500K individuals through various program and social efforts. The Taylor Michaels ScholarshipProgram has graduated over 435 students, the HIV/AIDS initiatives have tested over 40K individuals, and15 Community Empowerment Centers have provided technology access to over 260K individuals.Remaining true to his humble Lansing beginnings, he is unwaveringly dedicated to working with majorcorporations and partners to bring jobs and high quality products and services to underservedcommunities.

Additional Info

  • Title Homepage: Role Model, Sport Legend and Successful Entrepreneur
  • Full Title: Earvin "Magic" Johnson, Role Model, Sport Legend and Successful Entrepreneur
Read 111 times Last modified on Monday, 19 August 2019 21:46
Super User

Latest from Super User