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Magic Johnson

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Lawsuit Involving An NFT Project Magic Johnson Reportedly Had Ties To Has Been Dismissed

A lawsuit filed by a Texas jewelry company over $250,000 NFT investment loss, with Magic Johnson as a defendant, has been dismissed.

Apr 3, 2026

Magic Johnson Shares What He Considers When Investing In Founders

Billionaire Magic Johnson shares what he and his investment firm, Magic Johnson Enterprises, consider when deciding to back founders.

Feb 13, 2026

Magic Johnson Says One Of His Hardest Tasks Was Convincing Shareholders To Green Light A Starbucks Deal That 'Changed Everything'

Magic Johnson admits one of his hardest tasks in business was convincing "good shareholders" to greenlight a deal with Starbucks.

Jun 17, 2025

Op-Ed: We Can Start All The Financial Literacy Programs In The World, But Low-Income Individuals Need More Money Too

Black celebrities are always creating financial literacy programs, which are important, but poor people need more money than advice.

May 23, 2025

Magic Johnson And Angel Reese Have Launched A Financial Literacy Program For High School Seniors In Baltimore, MD

Billionaire Magic Johnson and WNBA star Angel Reese have launched a financial literacy program in Baltimore, MD.

May 7, 2025

The 2024-2025 NFL Season Reportedly Has The Highest Number Of Black Minority Team Owners Ever

The 2024-2025 season has the most Black team minority owners in NFL history and the list includes Magic Johnson and Serena and Venus Williams.

Sep 6, 2024

Magic Johnson Becomes An Owner In Women's Soccer Team Washington Spirit, The Fifth Team In His Portfolio

Magic Johnson has become an owner in the NWSL's Washington Spirit, the fifth team in his investment portfolio.

Sep 5, 2024

Magic Johnson Reveals What He Believes Positioned Him For Success As A Black Billionaire

Magic Johnson says hiring a "true business manager" in the NBA helped him achieve success as a billionaire today.

Jul 1, 2024

Magic Johnson Reportedly Now A Billionaire, EquiTrust Life Insurance Co. Credited As His Primary Source of Wealth

Magic Johnson has reached billionaire status, joining the ranks of other professional athletes including Michael Jordan and LeBron James.

Oct 30, 2023

Magic Johnson Gives A Combined $6K To 2 Washington, D.C. Students Under The Condition That They Open Bank Accounts

During a visit to the Boys & Girls Club of Greater Washington, Magic Johnson gave two students money to open bank accounts.

Sep 8, 2023

Magic Johnson Recalls Declining Nike Stock Because He 'Didn't Even Know What Stocks Was At The Time'

Magic Johnson recalls how not coming from money effected his decision-making when it came to certain business opportunities.

Aug 16, 2023

Ownership Group Including Magic Johnson Reach Agreement To Purchase The Washington Commanders

Magic Johnson is well on his way to becoming an NFL part-owner, thanks to a historic $6 billion Washington Commanders deal.

May 15, 2023

Magic Johnson Among Group That Submitted $6B Bid To Purchase The NFL's Washington Commanders

Magic Johnson has joined the ownership group that recently submitted a $6 billion bid to land a majority stake in the Washington Commanders.

Mar 29, 2023

Magic Johnson, Samuel L. Jackson, And More Invest In $750K Pre-Seed Round For Women-Led Entertainment Startup

Magic Johnson, Samuel L. Jackson, and LaTanya Richardson Jackson invested in the he $750,000 pre-seed funding round for Statement Films.

Feb 7, 2023

Did You Know Magic Johnson Was The Third Player To Sign An NBA Contract Worth $1M A Year?

Magic Johnson broke records on the court and in the front office with his massive 1984 contract that gave him the largest deal in history.

Dec 29, 2022