More Than Just Athletes: 10 Business-Minded Players

May 18, 2011  |  

Magic Johnson

No athlete has made a smoother transition to the boardroom and become a better ambassador for urban entrepreneurship than Magic Johnson.  Just a few months ago, the former Lakers star made waves by becoming the chairman of Vibe Holdings, the owner of Vibe magazine and Soul Train.  He also runs Magic Johnson Enterprises, which has a net worth of $700 million.  He has held a minority ownership in the Los Angeles Lakers and over 70 Starbucks franchises.  His name and brand is still associated with AMC Magic Johnson Theaters and 24 Hour Fitness Magic Sport Centers.  If that weren’t enough, he is leading the charge to bring football back to Los Angeles.




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