Does Magic Johnson own Starbucks?

While Magic Johnson owned Starbucks stores, he sold his 105 Starbucks franchises back to the company in 2010. As per the Los Angeles Times, Johnson was looking to invest in sports after some time.

How many Starbucks does Magic Johnson?

He owned 125 Starbucks locations and 31 Burger King franchises. Johnson also sold his Starbucks franchise for $100 million in 2010.

What company does Magic Johnson own?

In addition to Burger King and Starbucks, Magic Johnson Enterprises has also owned a slew of businesses over the years, including gyms, movie theaters and more. According to Fox Business, as of 2020, Johnson also had controlling stakes in Aspire TV, a cable network he founded, and life insurance company EquiTrust.

What percent of Starbucks does Magic Johnson own?

Former Laker star Magic Johnson is selling off some business assets. Johnson recently sold his 4.5 percent ownership stake in the Los Angeles Lakers to Dr.

Is Magic Johnson invested in Starbucks?

Magic Johnson eventually invested in Starbucks in 1998, creating a deal that would bring the coffee chain to underprivileged communities across the United States. Since then, Starbucks has gone on to become a juggernaut, the biggest coffee chain in the entire world.

Know Your Customer: How Magic Johnson Built 125 Starbucks

What famous person owns Starbucks?

How Magic Johnson convinced Howard Schultz to partner with him and build more Starbucks stores. With five NBA Championships, an Olympic gold medal and various MVP awards to his name, Earvin “Magic” Johnson will go down as one of the greatest basketball players of all time.

Does Magic Johnson own Popeyes?

Hank Aaron — Popeyes, Krispy Kreme

MSN says that Aaron owns over 20 Popeyes and several Krispy Kreme locations in and around Atlanta, Georgia. These locations are operated by his company 755 Restaurant Corp. With Billye Aaron, Hank founded the company in 1995.

How much did magic sell Starbucks for?

All-time NBA great Magic Johnson sold his 105 Starbucks franchises just one day after selling his share of the Los Angeles Lakers. So how much cash did Johnson pocket? About $100 million total.

Is Magic Johnson still rich?

Earvin "Magic" Johnson Jr. is a retired American basketball player and entrepreneur who has a net worth of $620 million. After winning basketball championships in high school and college, he was selected the first overall player in the 1979 NBA Draft by the Los Angeles Lakers.

How many companies do Magic Johnson own?

As of 2022, Magic Johnson's net worth is estimated at $600 million, making him one of the richest athletes in the world. Although his investments are not limited to franchises, he owns 30 Burger King restaurants, more than a dozen 24-Hour Fitness centers, a TGI Fridays, and has multiple Starbucks licenses.

How is magic so rich?

After he retired, he turned to the investment world to grow his net worth. He started 'Magic Johnson Enterprises' for all the investments he planned to make. Some of his early investments included: 125 Starbucks stores (Johnson was the first “outside owner” of a location.

Is Magic Johnson still part owner of the Dodgers?

Magic Johnson is a part-owner of the Los Angeles Dodgers

Johnson joined controlling partner Mark Walter to form Guggenheim Baseball Management. The group, consisting of six individuals, successfully purchased the Dodgers for $2 billion, setting a record for the highest price a sports team has ever sold for.

How much of Dodgers does magic own?

The Dodgers, who recently won the World Series, are said to be worth $3.4 billion now. Johnson owns a 2.3% stake in the team and had invested $50 million during the purchase.

Is Starbucks privately owned?

As the company prepares for its initial public offering, Starbucks takes an extraordinary step and becomes the first privately owned U.S. company to offer a stock option program that includes part-time employees.

Does Starbucks own Pepsi?

In 1994, Starbucks and PepsiCo came together to form the North American Coffee Partnership. What started with the launch of Starbucks Frappuccino beverages in 1996, now includes a diverse portfolio of coffee and energy beverages.

Is Starbucks owned by Nestle?

Nestle and Starbucks signed a global licensing deal in 2018 that granted Nestle the perpetual rights to market Starbucks packaged coffee and food service products globally. The initial agreement excluded goods sold in Starbucks coffee shops and ready-to-drink products.

Does Shaq own Burger King?

NBA legend Magic Johnson has helped low-income communities through his company, Magic Johnson Enterprises and his investments in food franchises, including TGI Fridays and Burger King.

What celebrity owns Krispy Kreme?

Extending the celebrity brand

Jimmy Buffett owns a Krispy Kreme franchise in West Palm Beach, Fla. It's not uncommon for celebrities to run businesses outside of the profession they're most famous for. Clothing lines, perfumes and restaurants are popular choices.

How many Papa John's does Shaq own?

He also owns 17 Auntie Anne's Pretzels restaurants and nine Papa John's franchise units. In fact, O'Neal is a brand ambassador for Papa John's and has been on the pizza company's board of directors since 2019.

What is Starbucks CEO salary?

Starbucks Corp. SBUX, +2.77% disclosed that Chief Executive Kevin Johnson's total compensation for 2021 totaled $20.43 million in 2021, up 39% from $14.67 million in 2020, which was down from $19.24 million in 2019.

How rich is the owner of Starbucks?

What is Howard Schultz's net worth? The 68-year-old businessman and author is approximately worth $4 billion, as per Forbes. He is credited as Starbucks' founder despite the company being founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle's Pike Place Market.

Are the founders of Starbucks rich?

Howard Schultz, Starbucks' former longtime CEO and chairman, is a self-made billionaire who revolutionized the coffee industry. His net worth has been estimated at $3.4 billion.