WHERE IT CONNECTS
Earvin “Magic” Johnson is the Chairman and Chief Executive Officer of Magic Johnson Enterprises, an investment conglomerate valued at an estimated $1 billion. Since retiring from the NBA over 20 years ago, the legendary basketball star has morphed into a business powerhouse who has dedicated his life to leaving a positive impact in underserved urban communities.
Johnson has consistently turned heads with his unprecedented partnerships. In his early years as an entrepreneur, he forged an alliance with Sony Pictures to develop Magic Johnson Theatres. In 1998, he teamed with Starbucks to become the only franchisee in the history of the company, acquiring and eventually selling 125 stores. Both ventures served as catalysts for redevelopment in urban communities and are widely recognized as corporate blueprints for engagement and success with urban consumers across the U.S.
Still a commanding presence in the sports world, Johnson made history in 2012 when he became co-owner of the Los Angeles Dodgers, a Major League Baseball franchise purchased for $2 billion. Currently, he is President of Basketball Operations for the Los Angeles Lakers of the National Basketball Association. He also co-owns the Los Angeles Sparks of the WNBA and Major League Soccer’s Los Angeles Football Club.
Through a newly formed fund, Johnson is investing more than $1 billion in U.S. infrastructure improvement. His technology endeavors include a board position with Square – a mobile payment company that supports small businesses and entrepreneurs – as well as a leading investor in a number of minority-owned tech companies. He remains unwaveringly dedicated to working with major corporations and partners to bring jobs and high-quality products and services to underserved communities. Johnson also serves as Chairman and Founder of the Magic Johnson Foundation, where his commitment to transform urban America continues through HIV/AIDS awareness and educational programs.