Magic Johnson, an American businessman and former professional basketball player, has a significant business empire, including Magic Johnson Enterprises. He owns about 10 properties, including the NBA team’s 4.5% ownership and 105 Starbucks locations, which are worth around 700 million dollars. Johnson’s investment group owns 105 Starbucks stores, the most operated by any franchisee. He also owns T.G.I Fridays, Sodexo, and Burger King locations.
Magic Johnson Enterprises has invested in numerous lucrative businesses, including the Los Angeles Lakers, movie theaters, and restaurants in the United States. The company includes a $1 billion portfolio of sports teams and business ventures, from the Commanders to the Dodgers. Through Magic Johnson Enterprises, Johnson has invested in insurance, healthcare, food services, staffing, and sports.
In addition to Burger King and Starbucks investments, Johnson has invested in several companies, including Starbucks, Loew’s movie theaters, Burger King, and 24 Hour Fitness. He is a minority owner of Magic Johnson Enterprises.
Johnson is involved in several franchises, including Marvel, Jopwell, the Los Angeles Sparks, Cigna, and the NFL’s Washington Commanders, MLB’s Los Angeles Dodgers, the WNBA’s Los Angeles Sparks, and MLS’s LAFC.
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