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Magic Johnson, an iconic NBA player,&nbsp;<a href="https://www.britannica.com/biography/Magic-Johnson?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-franchises-does-magic-johnson-own-2720863" target="_blank" rel="nofollow">left Michigan State University</a> after his sophomore season to go play with the Lakers. So, when he retired in 1996 after 13 seasons in the NBA, he remained involved in the basketball space while also pursuing other forms of entrepreneurship and working diligently as an HIV/AIDS activist. In 2015, Johnson received an honorary doctor of business degree from Xavier University of Louisiana.<figure class="media"><div data-oembed-url="https://www.google.com/url?q=https://www.instagram.com/p/2eKBylHkuw/?utm_source%3Dig_embed%26ig_rid%3D8fdb815f-8075-4550-b5ef-7a2107557621&amp;sa=D&amp;source=docs&amp;ust=1674226777456736&amp;usg=AOvVaw3x5s6JenxBx_sQG-xz2uub"><div class="iframely-embed"><div class="iframely-responsive"><iframe src="//cdn.iframe.ly/api/iframe?app=1&amp;api_key=fd3b6b3731f34f55ba1fe3&amp;url=https%3A%2F%2Fwww.google.com%2Furl%3Fq%3Dhttps%3A%2F%2Fwww.instagram.com%2Fp%2F2eKBylHkuw%2F%3Futm_source%253Dig_embed%2526ig_rid%253D8fdb815f-8075-4550-b5ef-7a2107557621%26sa%3DD%26source%3Ddocs%26ust%3D1674226777456736%26usg%3DAOvVaw3x5s6JenxBx_sQG-xz2uub" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen=""></iframe></div></div></div></figure>Now, he has a net worth of around&nbsp;<a href="https://www.sportskeeda.com/basketball/magic-johnson-wife-net-worth?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-franchises-does-magic-johnson-own-2720863" target="_blank" rel="nofollow">$620 million</a>, and in 2020, his investment firm had holdings worth an estimated $1 billion.In addition to Marvel, Jopwell, the Los Angeles Sparks, Cigna and more, Johnson is involved in the following franchises.<figure class="image"><img src="https://1851-prod.s3.amazonaws.com/story/editor/1674223768_magic johnson tgif.png"></figure>Photo credit: Magic Johnson’s T.G.I. Friday’s<a href="https://tgifridays.com/franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-franchises-does-magic-johnson-own-2720863" target="_blank" rel="nofollow">T.G.I. Friday’s</a>With over 850 restaurants in 55 countries, Fridays™ is known for its burgers, steaks and potato skins. In 1998, Johnson&nbsp;<a href="https://www.bet.com/photo-gallery/fiyfh7/magic-johnson-s-business-ventures/kgbkul?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-franchises-does-magic-johnson-own-2720863" target="_blank" rel="nofollow">entered an agreement</a> to develop a Magic Johnson’s T.G.I. Friday’s restaurant, in partnership with Carlson Restaurants Worldwide Inc.<a href="https://franchising.bk.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-franchises-does-magic-johnson-own-2720863" target="_blank" rel="nofollow">Burger King</a>In 2004, Johnson announced that his company would be buying 30 Burger King locations in Georgia, Alabama, Texas and Florida.“With these restaurants, we expect that, as time passes, new jobs will be created and relationships with minority contractors will be strengthened in these four important cities,” Johnson said in a&nbsp;<a href="https://www.latimes.com/archives/la-xpm-2004-jun-08-fi-magic8-story.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-franchises-does-magic-johnson-own-2720863" target="_blank" rel="nofollow">statement</a>.According to&nbsp;<a href="https://www.franchisewire.com/how-magic-johnson-fosters-black-entrepreneurship/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=what-franchises-does-magic-johnson-own-2720863" target="_blank" rel="nofollow">FranchiseWire</a>, Johnson’s Burger King restaurants were established in underserved communities but saw a traffic increase — and consequential average sales increase of 20% — thanks to the celebrity’s association. &nbsp;

What Franchises Does Magic Johnson Own?

1851 Franchise

Within his diverse portfolio of investments, Magic Johnson has franchised with T.G.I. Friday’s and Burger King.

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Jollibee

How Jollibee Is Disrupting the QSR Franchise Industry 

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USA Ninja Challenge

How This Franchise Consultant Helps Entrepreneurs Find Purpose With the USA Ninja Challenge Franchise

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Busy Bee Jumpers

Bouncing Into Business: Meet Kayla and Jason Leonard, Busy Bee Jumpers’ New Franchisees 

Bouncing Into Business: Meet Kayla and Jason Leonard, Busy Bee Jumpers’ New Franchisees in Rhode Island

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Woodhouse Spas

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How Woodhouse Spas Leverages Learning Management Systems

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Image Studios

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Finding Freedom: Why Beauty and Wellness Professionals Build Their Dream Careers With IMAGE Studios

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Buying a Franchise Masterclass

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What Franchises Does Magic Johnson Own?

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