Earvin “Magic” Johnson
Chairman and Chief Executive Officer > Johnson Development Corporation and Magic Johnson Enterprises
Earvin “Magic” Johnson is chairman and chief executive officer of Johnson Development Corporation and Magic Johnson Enterprises.
Johnson Development Corporation is dedicated to urban revitalization by providing entertainment complexes, restaurants and retail centers in underserved communities nationwide. The company operates 103 Starbucks nationwide, and has also opened six AMC Magic Johnson Theater complexes across the United States.
In addition, Johnson has invested millions of dollars in urban areas via the Canyon Johnson Urban Fund, the result of his partnership with Canyon Capital Realty Advisors. The partnership has raised more than $900 million and has acquired 24 properties to assist in the revitalization of underserved communities.
Magic Johnson Enterprises handles business development, asset acquisitions, endorsements, licensing, motivational media, personal appearances, urban marketing and business to business relationships that benefit underserved communities. Partnerships with corporations such as Burger King (he has 31 franchises) help bring quality and convenience to urban America. The firm operates a dozen 24 Hour Fitness Magic Sport centers, and has established 27 Washington Mutual Home Loan Centers and partnerships with NASCAR, Cadbury Schweppes, Lincoln, the Zimmerman Agency and TNT.
Magic Johnson Enterprises recently launched two new initiatives: the Magic Johnson Travel Group and SodexhoMagic. The Magic Johnson Travel Group is the first multicultural home-based travel agent initiative and franchise network. It is designed to cultivate growth in the minority travel market and develop entrepreneurs from urban America. SodexhoMagic will provide an extensive portfolio of food and facilities management services as well as offer signature dining facilities.
Johnson is chairman and founder of the Magic Johnson Foundation, which is committed to improving the quality of life in urban communities. The foundation has distributed more than 800 college scholarships to deserving minority students and has opened AIDS/HIV clinics in four cities. In addition, he has created 21 Magic Johnson Empowerment Centers to help bridge the digital divide in low-income communities.
Johnson, who played 12-plus seasons for the Los Angeles Lakers, is one of the greatest players in basketball history. His honors include five NBA titles, three NBA Most Valuable Player Awards, a dozen NBA All-Star Games, a gold medal at the 1992 Olympics in Barcelona, and induction into the Naismith Memorial Basketball Hall of Fame.