Billionaire Magic Johnson-backed insurer lent $2.3 billion tied to Dodgers owner
Amistad Financial Group, in which Magic Johnson holds a minority stake, lent about $2.3 billion tied to Dodgers owner Mark Walter. Johnson is not accused.
Magic Johnson
How Magic Johnson turned a Starbucks franchise investment into a $200 million stake in the Los Angeles Dodgers
Magic Johnson built 125 Starbucks stores, sold them all back to Howard Schultz, then used the proceeds to buy a $50 million stake in the Los Angeles Dodgers that is now worth approximately $200 million.
Billionaire Magic Johnson's Las Vegas NBA bid faces new rival targeting $13 billion war chest
Magic Johnson's bid for a Las Vegas NBA expansion team faces a new rival group targeting as much as $13 billion in capital.
Black billionaire Magic Johnson's LAFC sells Grasshopper stake as Euro bet fails
Magic Johnson's LAFC has sold its minority stake in Switzerland's Grasshopper Club Zurich after the historic Swiss club struggled on and off the pitch under American co-ownership.
Billionaire Magic Johnson says the NBA's future is bright and the Knicks are leading the way
Magic Johnson says he was once scared about the NBA's future after LeBron, Durant and Curry retire but the Knicks have convinced him otherwise.
Magic Johnson’s fortune soars: Net worth jumps $200 million to hit $1.6 billion
This marks a staggering $400 million increase over the past year, driven by a diverse investment portfolio spanning sports, insurance, and consumer-facing businesses.
Magic Johnson joins Taylor Swift and 263 others in the ranks of world’s newest billionaires
His inclusion in the exclusive billionaire club underscores his enduring legacy both on and off the basketball court.
Magic Johnson’s LA Sparks star makes comeback after maternity leave for FIBA 3×3 AmeriCup
Katie Lou Samuelson, a star player for Magic Johnson’s LA Sparks, is back on the court after maternity leave.
Magic Johnson joins billionaire club as his wealth crosses $1-billion mark
Johnson’s empire extends far beyond the realm of sports. He is a majority owner of EquiTrust, a life insurance company that he acquired in 2015.
10 businesses Magic Johnson has owned
Through Magic Johnson Enterprises (M.J.E.), Johnson has had investments in insurance, healthcare, food services, staffing, and sports.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.