20 Celebrities Who’ve Made Millions of Dollars Outside of Hollywood
Magic Johnson has a sprawling portfolio of investments in different franchises.
The retired basketball player owns Magic Johnson Enterprises, a massive investment company. It has stakes in a bunch of different companies, but he mainly uses it to invest in franchises.
At different times, Magic Johnson Enterprises owned shares in movie theaters, gyms, and hundreds of T.G.I. Friday’s, Burger King, and Starbucks locations. He also became a co-owner of the LA Dodgers, for which he paid $50 million.