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Magic Johnson: Billionaire Investor Transforming Underserved Communities

10/2/2025

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Summary

Story summary

Magic Johnson's net worth is about $1.5 billion as of 2025.
He founded Magic Johnson Enterprises in 1987 to invest in underserved communities.
In 1995, he partnered with Starbucks, managing 125 stores and selling it in 2010 for $100 million.
He owns stakes in the Los Angeles Dodgers and Washington Commanders, with NBA earnings totaling about $40 million.

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Story summary

Magic Johnson's net worth is about $1.5 billion as of 2025.
He founded Magic Johnson Enterprises in 1987 to invest in underserved communities.
In 1995, he partnered with Starbucks, managing 125 stores and selling it in 2010 for $100 million.
He owns stakes in the Los Angeles Dodgers and Washington Commanders, with NBA earnings totaling about $40 million.