By Avellon Williams
TRINIDAD AND TOBAGO – Magic Johnson is an American business mogul, philanthropist, and former professional basketball player. He is a shining example of what can be accomplished if you have the drive, ambition, and the right skills.
Born Earvin Johnson Jr (Magic Johnson), was inducted into the NBA Hall of Fame for his individual career in 2002 and as a member of the Dream Team in 2010.
During his NBA career, he played for seventeen years between 1979 and 1996. In 1979, Johnson was drafted by the Lakers and played 13 seasons at point guard. Among his career accomplishments are three NBA MVPs, nine NBA Finals appearances, 12 All-Star games, and 10 All-NBA First and Second Team nominations.
As an NBA player, Johnson had a business sense as well. As a result of his desire to become a businessman once his basketball career ended, he developed connections with legendary super-agent, Michael Ovitz.
It was Ovitz’s first rejection of the offer because he wasn’t interested in joining the sports business. When Johnson was told ‘no,’ he submitted, “it’s the first time Magic didn’t matter.”
Although he was discouraged, he persisted in persuading Ovitz to help him acquire the skills he needed to succeed in business. Johnson eagerly adopted Ovitz’s advice to consume Bloomberg, The Financial Times, and The Wall Street Journal content, as well as train like a graduate student committed to enduring an intense regime.
After several years, he has established himself as one of the leading Black entrepreneurs and investors, with multiple businesses under the umbrella of Magic Johnson Enterprises, which is estimated to be worth $1 billion across multiple industries.
Magic Johnson is a great example of a successful Black man who has achieved success in business. He has owned multiple businesses over the years and is an inspiration for other aspiring entrepreneurs.
As part of Black History Month, it’s important to recognize the businesses that Magic Johnson owns.
