How many Burger Kings does Magic Johnson own?

Publish date: 2023-02-04

Magic Johnson (Burger King)

Through his Magic Johnson Enterprises, the NBA Hall of Famer is one of the most successful black businessmen in the country. While the investments of that company vary, they include a reported 30 Burger King restaurants and more than a dozen 24-Hour Fitness clubs.

What all 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.

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 burger 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.

How many companies does Magic Johnson have?

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.

38 related questions found

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.

What franchises does Shaq own?

He has owned and sold 155 Five Guys Burgers restaurants — which totaled 10% of the company's entire franchise portfolio. He also owns 17 Auntie Anne's Pretzels restaurants and nine Papa John's franchise units.

Does Magic still own the Lakers?

According to a team announcement, Ervin Magic Johnson has sold his stake in the Los Angeles Lakers to Dr. Patrick Soon-Shiong, a Lakers season ticket holder for 25 years, for an undisclosed sum.

Does Magic Johnson own Sodexo?

Gaithersburg, MD – March 3, 2020 – Magic Johnson Enterprises – owned by legendary NBA Hall of Famer Earvin “Magic” Johnson – and the global food services and facilities management company, Sodexo, announced Selena Cuffe today as the new President of its minority-owned joint venture, SodexoMAGIC.

Does Magic Johnson own AMC Theaters?

Currently the chain's former locations are owned by AMC Theatres, after Sony-Loews was acquired by that company in 2006. Although they are still branded Magic Johnson Theatres, they are solely controlled by AMC.

How much is Howard Schultz net worth?

Schultz was named the 209th-richest person in the U.S. by Forbes with a net worth of $4.3 billion (October 2020).

Does Magic Johnson own a sports team?

Johnson, 62, is currently a part-owner of MLB's Los Angeles Dodgers and the WNBA's Los Angeles Sparks.

What teams do Michael Jordan own?

Jordan is the first former player NBA Franchise Majority Owner. In a move taking him back to both his home state and Basketball. Jordan bought NBA Franchise the Charlotte Hornets in 2010 for (just) $175 million. In 2014 when the NBA franchise value rose, Jordan officialy became a Billionaire for the first time.

How much is Magic Johnson Enterprises worth?

After he retired, he started a company named Magic Johnson Enterprises, which is now worth over $1 billion and has earned Magic a personal net worth of $600 million. A film studio and a promotional marketing organization are owned by Magic Johnson Enterprises.

Where did Magic Johnson make his money?

The majority of Johnson's wealth came from owning Piston Group, which calls itself the world's largest value-add assembly supplier. While he made a few millions while he played in the NBA, his wealth is largely based on his position as its owner.

What's Shaquille O Neal's net worth?

According to Celebrity Net Worth, O'Neal has an estimated net worth of $400 million. Copyright 2022 Nexstar Media Inc.

Where is Scottie Pippen net worth?

As of 2022, Scottie Pippen's net worth is roughly $20 million. What is this? Scottie Pippen is an American former NBA basketball player who played a total of 17 seasons in the NBA.

How many Krispy Kreme does Shaq own?

As reported by Findingfuel.com, these include 17 Auntie Annie's Pretzels restaurants, nine Papa John's, one Krispy Kreme and a Big Chicken restaurant that is being franchised. He formerly was part-owner of 155 Five Guys restaurants.

Who owns Marilyn Monroe Shaq?

Authentic Brands Group is an industry leader and owns the licensing rights to such iconic brands as Marilyn Monroe, Elvis Presley, Muhammad Ali, Shaquille O'Neal, among others.

Does Shaq own 5 guys?

Shaquille O'Neal Owns 155 Five Guys Restaurants, 40 Fitness Centers, And 1 Movie Theater Among Other Businesses. Shaquille O'Neal is one the most dominant players in NBA history, but also one of the smartest.

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