Magic johnson a billionaire is one of the most influential figures in popular and professional sports. He has won multiple awards and championships during his career, which has helped him earn a net worth of $100 million. His wealth is derived from numerous business ventures and endorsement deals. During his childhood, Johnson suffered racial harassment and was repeatedly assaulted. This forced him to stay quiet and avoid confrontations with his white classmates.
Johnson has two children from previous marriages: a son named Earvin III (EJ) and a daughter named Elisa. Elisa was born on 21 December 1994. The couple married in 1995 and later had a daughter named Elisa. Johnson attributes his marriage to his wife for helping him overcome his childhood health issues. His wife is also a millionaire. They have two children together, Magic johnson a billionaire Elisa is 26 and Earvin III is five.
Magic Johnson was an exceptional point guard in the NBA for over a decade. He continued his success after retiring from the NBA by developing a number of business ventures, which helped him build his net worth to over a billion dollars. He is currently worth $620 million. This is an impressive number.
Johnson has also invested in various businesses, including Starbucks and Real Estate. He has also purchased a 5% stake in the Lakers in 1994 for $10 million. He later sold that stake to billionaire Patrick Soon-Shiong for an estimated $60 million. Magic also sold his Starbucks chain to another billionaire for $75 million. In 2012, he bought the Los Angeles Dodgers along with other investors, contributing another $50 million.
Johnson has built an empire that spans multiple industries. His company, Magic johnson a billionaire Enterprises, is estimated to be worth more than $1 billion by Celebrity Net Worth. The company, founded by Johnson, provides quality products to urban and underserved communities. The company also establishes key partnerships with companies every year. The company also owns 125 Starbucks stores. Despite his many successful businesses, the owner of the NBA’s Los Angeles Dodgers is a billionaire.
Magic Johnson has also invested in many restaurants and movie theaters. He was the first outside owner to invest in a Starbucks location. He remade the menu to make it more appealing to his target market. He also has stakes in Burger King and McDonald’s. He also co-owns several Fatburger restaurants in Colorado. However, many of these businesses are closed on Fridays. These business ventures have earned him a billion-dollar fortune in the past few years.
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