Magic Johnson Businesses

Magic johnson enterprises is an american investment company owned by retired nba hall of fame legend magic johnson in 1995 after some criticism that he only invested with other people s money johnson took an equity stake along with what was then the loews chain in the 12 screen multiplex movie theater in baldwin hills now owned by cinemark.

Magic johnson businesses. Las vegas earvin magic johnson jr a basketball superstar now retired has morphed into a successful businessman thanks to hard work and determination. Magic johnson speaks to reporters prior to an nba basketball game in los angeles on april 9 2019. Often regarded as the best point guard of all time johnson is also considered to be one of the greatest players in nba history. Magic johnson offering 100 million in loans to minority owned businesses left out of ppp loans published tue may 19 2020 12 44 pm edt updated tue may 19 2020 6 11 pm edt jabari young jabarijyoung.

Earvin magic johnson is the chairman and chief executive officer of magic johnson enterprises an investment conglomerate that provides high quality products and services that focus primarily on ethnically diverse and underserved urban communities. Magic johnson enterprises serves as a catalyst for fostering community and economic empowerment by providing access to high quality entertainment products and services that answer the demands of multicultural communities. Johnson also stayed true to his sports roots by investing in both the los angeles lakers and the los angeles dodgers. Basketball was a tremendous platform for me to start my brand to understand.

Magic johnson enterprises is constantly evolving acquiring and selling businesses frequently. It owns or has owned franchised branches of starbucks burger king and t g i friday s. Now in the face of covid 19 pandemic that has had an immense impact on many small businesses johnson is stepping up again to help. Born august 14 1959 is an american retired professional basketball player and former president of basketball operations of the los angeles lakers of the national basketball association nba.

Speaking at oracle netsuite s suiteworld 2018 in las vegas johnson attributes much of his success to a willingness to work hard. Built over the past 23 years beverly hills calif based magic johnson enterprises now owns or operates gyms movie theaters and other businesses in 89 cities across 21 states.