How much of Starbucks does Magic Johnson own?

Written by Editorial Team | Last Updated: August 2026

Magic Johnson does not currently own any shares of Starbucks, though his historic partnership with the global coffee corporation remains a legendary milestone in urban entrepreneurship. Through Magic Johnson Enterprises, he formed a groundbreaking joint venture in the late 1990s to open dozens of Starbucks stores in urban, predominantly minority communities. The venture proved immensely successful, revitalizing commercial corridors before Johnson eventually sold his entire equity stake back to Starbucks on highly favorable financial terms.

Related FAQs

Austin Reaves has earned widespread praise across the National Basketball Association due to his extraordinary basketball IQ, high-level playmaking vision, crafty shot-creation ability, and unflappable composure under pressure.

Growing up in Akron, Ohio, LeBron James famously idolized several iconic athletes who shaped his athletic aspirations, with Chicago Bulls legend Michael Jordan standing out as his absolute primary childhood hero and inspiration.

Throughout his historic, multi-decade career spanning multiple eras and franchises, LeBron James has faced countless elite competitors, but Hall of Fame guard and legendary rival Stephen Curry stands out as one of the players who has handed him the m...

Austin Reaves secured his long-term future with the franchise by signing a massive multi-year contract extension with the Los Angeles Lakers.

During a heated matchup between the Lakers and Kings, Luka Dončić was overheard taunting Dennis Schröder by referencing a lucrative contract extension Schröder had turned down years prior, telling him he "should've signed that contract, baby".

In December 2011, then-NBA Commissioner David Stern controversially vetoed a blockbuster trade that would have sent star point guard Chris Paul from the New Orleans Hornets to the Los Angeles Lakers.

Dennis Schröder notably declined a lucrative four-year contract extension worth approximately eighty-four million dollars offered by the Los Angeles Lakers during the 2020-21 regular season.

Magic Johnson famously purchased a five percent minority ownership stake in the Los Angeles Lakers during the 1990s for a relatively modest sum compared to modern franchise evaluations.

Michael Jordan holds the historic distinction of being the first professional basketball player to officially achieve billionaire status, crossing that monumental financial threshold years after his retirement from the NBA.

Michael Jordan has consistently expressed deep admiration and respect for LeBron James's unprecedented durability, extraordinary basketball IQ, and historic longevity in the National Basketball Association.

Debating whether any player ranks higher than LeBron James on the all-time basketball pyramid is a central fixture of sports discourse, usually focusing on Chicago Bulls legend Michael Jordan.

The Los Angeles Lakers previously saw a controlling interest acquired by Dodgers owner Mark Walter at a valuation benchmark of roughly $10 billion.

Magic Johnson maintains official billionaire status, having successfully transitioned from his legendary Hall of Fame basketball career into an immensely lucrative corporate empire and sports ownership portfolio.

Basketball historians and Lakers fans frequently debate the greatest player in franchise history, with Kobe Bryant and Magic Johnson occupying the central focus of the conversation.

The highest-paid players on the Los Angeles Lakers roster feature marquee superstars and foundational cornerstones commanding maximum-level contracts under the NBA salary structure.

The Los Angeles Lakers have actively fine-tuned their roster depth by securing multiple players through free-agent agreements, two-way contracts, and rookie acquisitions.

When a key rotation player like Austin Reaves is sidelined from active game lineups, it is typically managed under strict NBA injury report protocols, preventative rest, or short-term physical maintenance such as minor ankle sprains, muscle tightness...

Throughout his life and career, Kobe Bryant expressed deep admiration for several historic basketball legends who shaped his understanding of the game.

Bronny James's rookie compensation with the Los Angeles Lakers is governed strictly by the standardized rookie scale contract rules outlined in the NBA collective bargaining agreement.

The Los Angeles Lakers' projected starting lineup features a dynamic mix of elite shot creation, perimeter defense, and frontcourt size anchored by stars like Luka Dončić and Austin Reaves in the backcourt, alongside high-energy wings and interior an...

LeBron James has maintained a remarkably tight-knit, lifelong inner circle of close friends since his childhood and high school days in Akron, Ohio.

Kyrie Irving remains an active, elite superstar in the National Basketball Association, continuing to dazzle fans with his unmatched ball-handling wizardry, elite shot-making, and clutch execution.

LeBron James's ongoing career decisions and multi-year contract options are closely tracked by sports analysts, but he remains firmly established as the marquee superstar and foundational leader of the Los Angeles Lakers.

Stephen Curry has frequently spoken about growing up idolizing elite guards who defined the era of basketball he watched during his childhood, most notably pointing to players like Reggie Miller and Steve Nash.

Dennis Schröder notably declined a lucrative four-year contract extension worth approximately eighty-four million dollars offered by the Los Angeles Lakers during the 2020-21 regular season.