In addition to Burger King and Starbucks, Magic Johnson Enterprises has also owned a slew of businesses over the years, including gyms, movie theaters and more. According to Fox Business, as of 2020, Johnson also had controlling stakes in Aspire TV, a cable network he founded, and life insurance company EquiTrust.
What companies do Magic Johnson own?
Johnson continues to expand his influence through a number of other investments. He currently has controlling interests in EquiTrust, a $17 billion financial services company, ASPiRE, an African-American television network, and SodexoMAGIC, a food service and facilities management company.
Does Magic Johnson own part of Lakers?
Over the years, Magic Johnson Enterprises has continually invested ownership in many lucrative businesses such as the Los Angeles Lakers, movie theaters and restaurants in the United States, including T.G.I. Friday's, Sodexo, and Burger King locations.
How much does Magic Johnson own?
According to various sources, Johnson's net worth is currently at $600 million.
Does Magic own Starbucks?
All-time NBA great Magic Johnson sold his 105 Starbucks franchises just one day after selling his share of the Los Angeles Lakers.
33 related questions foundHow many restaurants does Magic Johnson own?
As of 2022, Magic Johnson's net worth is estimated at $600 million, making him one of the richest athletes in the world. Although his investments are not limited to franchises, he owns 30 Burger King restaurants, more than a dozen 24-Hour Fitness centers, a TGI Fridays, and has multiple Starbucks licenses.
Does Magic Johnson own the Dodgers?
Magic Johnson is a part-owner of the Los Angeles Dodgers
Johnson joined controlling partner Mark Walter to form Guggenheim Baseball Management. The group, consisting of six individuals, successfully purchased the Dodgers for $2 billion, setting a record for the highest price a sports team has ever sold for.
Is Magic Johnson still rich?
As of 2022, Magic Johnson's net worth is approximately $600 million, and he's one of the richest athletes in the world. What is this? Earvin “Magic” Johnson Jr. is an American retired professional basketball player and former president of the Los Angeles Lakers of the NBA.
How is Magic Johnson so rich?
In addition to Burger King and Starbucks, Magic Johnson Enterprises has also owned a slew of businesses over the years, including gyms, movie theaters and more. According to Fox Business, as of 2020, Johnson also had controlling stakes in Aspire TV, a cable network he founded, and life insurance company EquiTrust.
How did Magic get so rich?
The majority of Johnson's wealth came from owning Piston Group, which calls itself the world's largest value-add assembly supplier. While he made a few millions while he played in the NBA, his wealth is largely based on his position as its owner.
Does Magic Johnson own AMC Theaters?
Currently the chain's former locations are owned by AMC Theatres, after Sony-Loews was acquired by that company in 2006. Although they are still branded Magic Johnson Theatres, they are solely controlled by AMC.
What does Shaquille O'Neal own?
Shaq owns part of The General, Gold Bond, Icy Hot, Buick, Marilyn Monroe, Elvis Presley, Forever 21, JCPenney, Auntie Annie's Pretzels. He also works as a DJ under the name DJ Diesel, is a minority owner in the NBA's Sacremento Kings, works as a presenter for TNT and in early 2021 launched an Agency named Majority.
What team does Michael Jordan own?
In March 2010, Jordan became the majority owner of the Charlotte Bobcats, after four years as part of the team's ownership group and its Managing Member of Basketball Operations. Jordan is the first former player to become the majority owner of an NBA franchise.
Does Magic Johnson own Sodexo?
Gaithersburg, MD – March 3, 2020 – Magic Johnson Enterprises – owned by legendary NBA Hall of Famer Earvin “Magic” Johnson – and the global food services and facilities management company, Sodexo, announced Selena Cuffe today as the new President of its minority-owned joint venture, SodexoMAGIC.
Is Michael Jordan a billionaire?
Michael Jordan is considered the greatest NBA player of all time. He's also the richest former professional athlete in the world with a net worth of $1.6 billion. Since he retired in 2003, he has built a lucrative career and uses his wealth for philanthropic purposes.
Does Magic Johnson own a yacht?
Magic Johnson is currently vacationing around Europe on a $150 million super-yacht named “Aquila." What happens when you have so much money you don't even know how to spend it? Magic, take it from here.
Is Will Smith a millionaire?
Will Smith's net worth is estimated at $350 million, making him one of the richest actors in the world. At 51 years old, Will Smith is an American actor, rapper, and songwriter.
Does Magic Johnson own a sports team?
Johnson, 62, is currently a part-owner of MLB's Los Angeles Dodgers and the WNBA's Los Angeles Sparks.
Why did Magic Johnson retire?
On November 7, 1991, basketball legend Earvin “Magic” Johnson stuns the world by announcing his sudden retirement from the Los Angeles Lakers, after testing positive for HIV, the virus that causes AIDS. At the time, many Americans viewed AIDS as solely a gay white man's disease.
Does MJ still own the Hornets?
The Charlotte Hornets are mainly owned by Basketball Hall of Famer Michael Jordan, who acquired a controlling interest in the team in 2010. The Charlotte Hornets franchise was established in 1988 as an expansion team owned by George Shinn.
Does Michael Jordan still own the Wizards?
In September 2001, Jordan came out of retirement at age 38 to play for Washington. Jordan stated that he was returning "for the love of the game." Because of NBA rules, he had to divest himself of any ownership of the team.
