What Does Magic Johnson Own? Unpacking His Impressive Business Ventures

Marques Konopelski

28 Jul, 2025

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Earvin "Magic" Johnson is, by all accounts, a true legend, not just on the basketball court but also in the world of business. His journey from an iconic athlete to a powerful entrepreneur is, you know, quite something. People often wonder what exactly this NBA superstar has been up to since his playing days, especially when it comes to his financial holdings.

So, it's almost natural to ask: What does Magic Johnson own? Well, he has built an impressive business empire through his Magic Johnson Enterprises (MJE) company, which really showcases his knack for smart investments. Over the last three decades, he has pretty much built an extensive business and investment portfolio, including some truly major franchise holdings.

His story is a remarkable example of how a sports icon can transition into a highly successful business magnate. He's certainly put his mind to it, and the results, honestly, speak for themselves. This article will break down the many national brands fueled by his vision and capital, giving you a clearer picture of his diverse holdings.

Magic Johnson: A Brief Overview
The Foundation: Magic Johnson Enterprises (MJE)
- Diversified Investments Beyond Sports
Magic Johnson's Sports Team Ownership
Frequently Asked Questions About Magic Johnson's Ownership

Magic Johnson: A Brief Overview

Earvin "Magic" Johnson is not only known for his illustrious basketball career but also for his remarkable success as a businessman. He pretty much redefined what it means to be a retired athlete, transforming his fame into a powerful platform for economic growth. His journey, you know, really started gaining significant momentum after his playing days, showing a true dedication to building something lasting.

Personal Details & Bio Data

Category	Detail
Full Name	Earvin "Magic" Johnson Jr.
Born	August 14, 1959
Known For	Retired NBA Player, Businessman, Philanthropist
Business Entity	Magic Johnson Enterprises (MJE)
Role at MJE	CEO and Chairman
Primary Focus	Investing in various lucrative businesses

The Foundation: Magic Johnson Enterprises (MJE)

The core of Magic Johnson's business activities is his company, Magic Johnson Enterprises, often called MJE. This entity has been the driving force behind his many investments and acquisitions. It’s pretty much the hub from which he manages his diverse portfolio, and you know, it’s been incredibly successful over the years.

Diversified Investments Beyond Sports

While his sports team ownership often grabs headlines, MJE's reach extends far beyond the athletic arena. Through Magic Johnson Enterprises, he has had investments in a wide range of sectors. This includes, for instance, ventures in insurance, healthcare, food services, and staffing. It’s a really broad spectrum, which shows a clever approach to building wealth.

Over the years, MJE has continually invested ownership in many lucrative businesses. This includes not just sports teams, but also, for example, movie theaters and restaurants located across the United States. It's clear he has a keen eye for opportunities that connect with everyday people and their needs, which is actually quite smart.

Magic Johnson's Sports Team Ownership

Magic Johnson first got into sports ownership in a significant way, and it’s arguably where he's most recognized outside of basketball itself. He is a minority owner in six different sports organizations, ranging from the NFL and MLB to esports. This broad involvement, you know, highlights his passion for sports continuing beyond his playing career.

It means Johnson, who is the CEO and Chairman of Magic Johnson Enterprises, now owns stakes in four major professional sports teams in the United States. This is a considerable achievement, as these are some of the most prominent franchises in American sports. He’s pretty much cemented his place as a serious player in sports business.

The Los Angeles Dodgers: A Major Stake

Magic Johnson made headlines in 2012 when he became part owner of the Los Angeles Dodgers baseball team. Joining a group of investors, Johnson helped acquire the iconic team, which was a huge moment for him and the franchise. Interestingly, he is the majority owner of the Dodgers, which is a significant level of control and investment in a major league team.

Other Key Sports Franchises

Johnson’s investment in the Washington Spirit adds to his sports business portfolio. This portfolio, you know, already includes the NFL’s Washington Commanders, MLB’s Los Angeles Dodgers, and the WNBA’s Los Angeles Sparks. He also has an investment in an MLS team, though the specific team isn't named in this particular list. It’s a very diverse set of sports interests, covering some of the biggest leagues around.

Does Magic Johnson Own an NBA Team?

This is a question that comes up a lot, given his legendary NBA career. The answer is no, Magic Johnson does not own an NBA team. Unless he leads an ownership group to buy an ownership stake, he does not have direct ownership of an NBA franchise. While Magic Johnson Enterprises has invested ownership in the Los Angeles Lakers, that doesn't translate to him owning the team outright. It's a subtle but important distinction, you know, in the world of sports investments.

To learn more about his early life and basketball career, you can check out NBA.com's profile on Magic Johnson. You can also learn more about on our site, and for more business insights, you can link to this page .

Frequently Asked Questions About Magic Johnson's Ownership

Q: What teams does Magic Johnson own?

A: Magic Johnson is a minority owner in six different sports organizations. His current sports business portfolio includes the NFL’s Washington Commanders, MLB’s Los Angeles Dodgers (where he is a majority owner), the WNBA’s Los Angeles Sparks, the NWSL’s Washington Spirit, and an MLS team. He also has interests in esports, so that's quite a lot.

Q: How did Magic Johnson get into sports ownership?

A: Johnson first got into sports ownership after his illustrious basketball career. He made headlines in 2012 when he became part owner of the Los Angeles Dodgers baseball team, joining a group of investors to acquire the iconic franchise. This was a major step, and it really set the stage for his broader involvement.

Q: Does Magic Johnson own the Lakers?

A: No, Magic Johnson does not own an NBA team, including the Lakers. While Magic Johnson Enterprises has invested ownership in the Los Angeles Lakers over the years, this does not mean he is an owner of the team itself. He is, however, the CEO and Chairman of MJE, which has diverse investments, so that's a key point.