Ivan Larsen 
Magic Johnson became the first African American billionaire in 1987 with his ownership of Magic Johnson Enterprises. In 1992, he bought into a car dealership chain called Palace Auto Group and turned it into one of America’s largest automobile dealerships. He also owns two TV stations that air NBA games, The Los Angeles Dodgers baseball team, and several more enterprises including hotels, restaurants and retail stores throughout California
Magic Johnson is an American retired professional basketball player who owns a variety of companies. He has net worth of $800 million.
Magic Johnson Enterprises has invested in a variety of profitable companies throughout the years, including the Los Angeles Lakers, movie theaters, and restaurants around the United States, including T.G.I. Friday’s, Sodexo, and Burger King franchises.
In turn, how much money does Magic Johnson have?
The Lakers picked Johnson first overall in the 1979 NBA draft after he won titles in high school and college. Magic Johnson’s net worth is estimated to be about $600 million USD as of 2020, making him one of the wealthiest athletes in the world.
Is Magic Johnson the owner of a bank? 2000s. The bank amalgamated with Founders National Bank of Los Angeles in 2001, with former NBA player and businessman Earvin “Magic” Johnson, artist Janet Jackson, and former Motown Records President Jheryl Busby as primary shareholders. The Boston Bank of Commerce has changed its name to OneUnited Bank.
How many restaurants does Magic Johnson own in this regard?
Magic Johnson is planning to purchase 30 Burger King franchises. Whoppers will soon be sold by Earvin “Magic” Johnson. Magic Johnson Enterprises, located in Los Angeles, has agreed to acquire 30 Burger King locations in Atlanta, Birmingham, Alabama, Dallas, and Miami, according to the NBA Hall of Famer.
Is Magic Johnson the owner of Pepsi?
WASHINGTON, DC – Pepsi-Cola Co. said Wednesday that it has sold a majority stake in its Washington bottling business to Los Angeles Lakers basketball player Earvin ‘Magic’ Johnson and famous black publisher Earl Graves, creating the country’s biggest minority-owned and run Pepsi factory.
Answers to Related Questions
Magic Johnson owns how many Burger Kings?
30 Burger King franchises
Which NBA player is the wealthiest?
Michael Jordan’s $1.65 billion is spent in various ways by the NBA’s wealthiest player. Michael Jordan earned less than $100 million as the NBA’s best player of all time, but he is now a billionaire with a net worth of $1.65 billion, according to Forbes.
What is Magic Johnson’s source of income?
According to reports, the five-time NBA champion made more than $100 million in 2010 through the sale of 105 Starbucks franchises and his 4.5 percent ownership in the Los Angeles Lakers. Johnson’s ownership holdings in the Los Angeles Dodgers and the WNBA’s Los Angeles Sparks keep him interested in sports.
What is Kobe Bryant’s net worth?
NET WORTH OF AMERICA’S RICHEST ENTREPRENEURS UNDER 40 IN 2016
During his playing career, he earned $680 million in pay and endorsements, which was a record for a team player.
Who owns the Los Angeles Lakers?
Here’s how Philip Anschutz, the’reclusive’ billionaire who owns Coachella and a piece of the Los Angeles Lakers, generates and spends his $11.4 billion fortune. According to Forbes, Philip Anschutz is an American businessman with an estimated $11.4 billion.
Is it true that Magic Johnson owns Starbucks?
Magic Johnson Enterprises is an American financial firm founded by Magic Johnson, a former NBA Hall of Famer. Johnson sold his 105 Starbucks franchises back to the corporation in October 2010.
Is Magic Johnson still the owner of the Los Angeles Lakers?
Johnson sold his Lakers ownership part to Patrick Soon-Shiong, a Los Angeles physician and UCLA professor, in October 2010, but remained an unpaid vice president for the organization. Johnson rejoined the Lakers in February 2017 as an adviser to Jeanie Buss.
How much are the Los Angeles Lakers worth?
The Los Angeles Lakers are still in second place, according to Forbes, with a valuation of $3.7 billion, up 12 percent. The Golden State Warriors ($3.5 billion), Chicago Bulls ($2.9 billion), and Boston Celtics ($2.8 billion) round out the top five.
What is Magic Johnson’s age and how much is he worth?
Magic Johnson, who was born on August 14, 1959, is 60 years old today, January 21, 2020. He stands at a height of 2.06 meters.
Is Magic Johnson worth a million dollars?
Earvin “Magic” Johnson Jr., a retired American professional basketball star, is estimated to have a net worth of $600 million as of January 2019. This incredible sum alone qualifies him as one of the most successful athletes in the world after retirement, as well as one of the richest African Americans alive today.
Why did Magic decide to leave?
Magic Johnson spoke on ESPN’s “First Take” Monday morning and unburdened himself. He was wronged, to be sure. Johnson, who unexpectedly quit as president of basketball operations for the Los Angeles Lakers on April 9, stated, “If you’re going to talk treachery, it’s solely with (general manager) Rob (Pelinka).”
Is One United Bank really owned by African-Americans?
Yes, OneUnited Bank is really owned by African-Americans. OneUnited Bank is owned by our whole board of directors and management staff, the majority of whom are African Americans. The Federal Deposit Insurance Corporation (FDIC) maintains a webpage for Minority Depository Institutions (MDIs) that contains information about Black banks, particularly Black-owned banks.
What high school did Magic Johnson attend?
Michigan State University is a public university in the state of Michigan is a public university in the state of Michigan
1977–1979
J.W. Sexton High School is a public high school located in J.W. Sexton,
Michigan State University is a public university in the state of Michigan is a public university in the state of Michigan
Everett High School is a public high school in Everett, Washington
What made the Lakers decide to leave Minnesota?
In 1947, the Lakers relocated to Minneapolis, Minnesota, and their name was altered to suit Minnesota’s moniker, “Land of 10,000 Lakes.” That same year, the Lakers acquired George Mikan, who went on to become the first dominating “big man” in professional basketball and the beginning of a long line of great Laker centers.
Who owns the Los Angeles Sparks?
Walter, Mark R.
What is the origin of Magic Johnson’s moniker?
Rawal
Magic
E.J. the disc jockey
Buck
Is Denny’s owned by Magic Johnson?
(April 18, 2019) — Earvin “Magic” Johnson has joined the Denny’s Corporation (NASDAQ: DENN), one of the world’s leading full-service family eating franchises. Denny’s Senior Vice President and Chief Brand Officer John Dillon commented, “Partnering with Magic is such a natural match for us.”
Magic Johnson is a retired professional basketball player, who played for the NBA’s Los Angeles Lakers. He has an estimated net worth of $500 million dollars and has been involved in many business ventures. His companies include Magic Johnson Enterprises, Magic Johnson Theaters, Magic Johnson Productions, and Magic Johnson Enterprises Products. Reference: magic johnson enterprises products.
