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.