How many Burger Kings does 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 much 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.

What food chain does Magic Johnson own?

Over the years, Magic Johnson Enterprises has continually invested ownership in many lucrative businesses such as the Los Angeles Lakers, movie theaters and restaurants in the United States, including T.G.I. Friday's, Sodexo, and Burger King locations.

Does Magic Johnson have ownership in Starbucks?

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.

What sports franchises does Magic Johnson own?

The Dodgers are now valued at $4 billion. The group acquired the Sparks in 2014. Johnson owns an undisclosed stake in the Los Angeles Lakers, a piece acquired when the Guggenheim group purchased 27% of the team Johnson led to five NBA championships. Johnson also owns part of the Los Angeles Football Club.

How many Burger Kings does Magic Johnson own?

How many franchises does 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.

Does Magic Johnson own Pepsi?

When BLACK ENTERPRISE's Earl G. Graves Sr. and Magic Johnson completed the $60 million transaction to own a Pepsi franchise in July 1990, their achievement became the deal-making choice of a new generation; growth through partnership and acquisition.

Does Magic Johnson own 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.

Does Magic Johnson own movie theaters?

A: Earvin "Magic" Johnson, former basketball star with the Los Angeles Lakers, jointly operates three 12-screen Magic Theatres in Atlanta, Houston and Cleveland; one nine-screen in Harlem and one 15-screen in Los Angeles.

Is LeBron James a billionaire?

LeBron James has officially become a billionaire, according to Forbes. This makes James the first active NBA player to reach the milestone, and the second NBA player to reach billionaire status, joining retired basketball star Michael Jordan.

How many Papa John's does Shaquille O'Neal 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.

How much does Magic own of the Dodgers?

Johnson owns a 2.3% stake in the team and had invested $50 million during the purchase. In 1988, the Lakers and the Dodgers won their respective league titles, making LA the first city to win a World Series and NBA title in the same year.

Who is the richest NBA player?

Former Miami Heat superstar LeBron James is now worth $1 billion. He is now the second-richest NBA player behind Michael Jordan.

How rich is Magic Johnson?

As of 2022, the 60-year-old entrepreneur is worth somewhere in the neighborhood of $620 million, but how did the Lakers icon get to this point? After winning championships in high school and college, Johnson was taken No. 1 overall by the Lakers (1979).

What properties does Magic Johnson own?

Who owns Magic Johnson Theatre?

It is now owned by Cinemark Theatres and is renamed the Baldwin Hills Crenshaw Plaza 15 and XD.

Why did Magic Johnson retire?

On November 7, 1991, basketball legend Earvin “Magic” Johnson stuns the world by announcing his sudden retirement from the Los Angeles Lakers, after testing positive for HIV, the virus that causes AIDS. At the time, many Americans viewed AIDS as solely a gay white man's disease.

Who is the majority owner of the Los Angeles Dodgers?

Sunday marks 10 years since Guggenheim Baseball Management bought the Dodgers. They bought the team and Dodger Stadium for a then-record $2.15 billion in a deal that officially closed on May 1, 2012. Since the start of 2012, the Dodgers have 51 more wins than the second-best team (Yankees), and the club's .

What companies does Shaq own?

He is the joint owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie's Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.

Who is the Brokest NBA player?

1. Vin Baker. Vin Baker played for the Bucks, Supersonics, Celtics, Knicks, Rockets, and Clipper throughout his career, but has somehow managed to drive his net worth down to $500,000. This is a result of his overspending on relationships, alcohol, and bad investments.

Who is richer Jordan or Shaq?

All in all, Michael's net worth is around $2.2 billion. The Diesel, Shaquille O'Neal, has made $292 million from NBA contracts, throughout his career.

Who is the richest athlete in the world?

What does Michael Jordan own?

He played fifteen seasons in the National Basketball Association (NBA), winning six NBA championships with the Chicago Bulls. Jordan is the principal owner and chairman of the Charlotte Hornets of the NBA and of 23XI Racing in the NASCAR Cup Series.