I heard him speak in 2008. At that time I wrote:
Former NBA great Magic Johnson was the keynote speaker at the opening of the AFP conference. Although I am a big NBA basketball fan, I was only lukewarm interested in attending his speech. With crisis brewing all around, the last thing I needed was to hear Magic describe how his no look passes always hit their man. Was I in for a surprise. Magic has got to be one of the most interesting business success stories going and the kind of role model urban youth need.
I always knew that Magic had launched a few move theatres after he retired from the NBA, but I never realized he is a mogul.
He owns 119 Starbucks, a bunch of 24 Hour Fitness operations, he supplies beef to half the Burger Kings in the United States and he raised a billion dollars just before the markets turned down, so he has a billion dollars cash on the sideline waiting for further declines in real estate, before he plunges in.
Read the rest here.