How Magic Johnson Turned $40M Into a $1 Billion Empire

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Front Office Sports

Күн бұрын

Пікірлер: 120

@FrontOfficeSports 5 ай бұрын

Who should we spotlight next?

@Worldgold633 5 ай бұрын

Shaq

@joshuanowicki622 5 ай бұрын

Reggie Jackson

@CrizzNandez 5 ай бұрын

Alex Rodríguez

@houssameddinechernoubi4144 5 ай бұрын

Conor Mcgregor

@orlandorobinson9369 5 ай бұрын

The Rapper NAS, Rick Ross, Floyd Mayweather. Also include anyone that we typically would NOT know was making strategic investment moves.

@l.yannickd.1035 5 ай бұрын

His best business move was his initial one when he bought all those radio stations in the 80s- that was smart and forward thinking.

@FrontOfficeSports 5 ай бұрын

Better than flipping 100 Starbucks locations???

@jay3492 5 ай бұрын

@FrontOfficeSports Definitely dollar-wise but that was the one that really got him started. If I remember correctly, he bought a radio station which was sitting on a bunch of vacant land. He managed to sell the vacant land for the initial purchase price. In essence, he got the radio station for free. He even tried to get his teammates in on the deal but they passed on it. Between that and talking to the team owner about business, the business seed was planted

@thenotorious2289 5 ай бұрын

@@jay3492 most nonsense business m0ve, where you hear that from?

@ravanpee1325 4 ай бұрын

He probably has a finacial manager who manage his private equity

@tyrport 4 ай бұрын

His best business move was hanging around Jerry Buss. Learning by being around smart business people on someone else’s dime. His formula was different than Buss, but he had time to think & plan.

@nicrobson 5 ай бұрын

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $40k dividends received in 2022.

@samuelbrown602 5 ай бұрын

I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

@ajb7530 5 ай бұрын

I really appreciate that Magic invests in communities and creates jobs for the people.

@albadji7390 5 ай бұрын

The magic is not stopping !!!

@thelonestepper0720 5 ай бұрын

I'm taking notes, and I need to change my ways of thinking.

@darinheight6293 5 ай бұрын

Yeah but you also need to have Magic’s celebrity status that has helped him make all that money.

@georgedylan2782 5 ай бұрын

@@darinheight6293 or maybe some good skills and savings as well

@Music-yq8qc 2 ай бұрын

@@darinheight6293 Nobody talks about this

@fredricklee 5 ай бұрын

In the Los Angeles area, I believe he sold his interest in the TGIF restaurant (Ladera Heights), Magic Theater (now Cinemark in the Baldwin-Crenshaw Shopping District), and others to maximize his investment power. I had notice the mentioned businesses no longer have his name on it. Regardless, he is part of a growing trend, and a good one, for athletes and artists to expand their portfolio and break the trend of being broke outside of the limelight. I would like to see spotlighted like Simone Biles or rookies like Caleb Williams who I have heard starting his investment journey, so it would an interesting look.

@FrontOfficeSports 5 ай бұрын

Great suggestions!

@samarsyal3811 5 ай бұрын

Cohesive and insightful.

@rubencardoso635 5 ай бұрын

Magic Johnson's biggest business move was very early on in his career, when he changed his mindset, from being a consumer to be become a producer, an owner, and to learn about investing. It is all about a particular mindset and actions related to furthering that end.

@georgedylan2782 5 ай бұрын

Can’t agree less. Mindset is crucial cos it could make you frugal and help you save to invest cos Warren buffet makes a lot of investment cos there is cash for it

@hh-uv7kr 4 ай бұрын

I've been an investor in Apple, gold, housing market as well, because I strongly believe in them. I've always believed in the stock, but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla . especially now that we are experiencing a market correction.

@shellywhite2145 4 ай бұрын

Both stocks have a long term potential, The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot.

@hh-uv7kr 4 ай бұрын

I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.

@shellywhite2145 4 ай бұрын

Gabriel alberto william is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@hh-uv7kr 4 ай бұрын

Thank you for the recommendation. I'll send him an email, and I hope I'm able to reach him and connect.

@TruthTellerTV 3 ай бұрын

How's that "correction" going for you? Bot.

@josiahmarr6059 5 ай бұрын

Great video, media and edits look great and very informative!

@Gabriel-ll2iv 4 ай бұрын

He’s a genius.

@mpaso111 5 ай бұрын

This was a very educational video. It shows what athletes can achieve by investing their money. Also the Brand as Athletes seem to have played a small role in Magic's investment success, which reinforces his advice to Shaq. Building and Creating is much more profitable than Working, Athletes are glorified workers at the end of the day. Investing in itself is putting energy into a creation.

@02nupe 5 ай бұрын

Quality content.

@MrOliveroky1 5 ай бұрын

Very Nice.

@christianhirwa8241 5 ай бұрын

Great quality

@cedricliggins7528 8 сағат бұрын

Magicizing should be learned in schools

@charlita25 5 ай бұрын

Best investments Starbucks.AMC Theaters, and LA DODGERS ⚾️

@Worldgold633 5 ай бұрын

Magic Johnson Star bucks

@kencapers9605 3 ай бұрын

His biggest asset is his name (Magic). He was sellable because he was one of a kind, plus he was a winner and a all around nice guy.

@SebastianGr7 4 ай бұрын

Good video.

@KyleMoore-m8t 5 ай бұрын

BIG MAGIC

@ROSTYK1000 5 ай бұрын

Who edits your videos?

@eastmans Ай бұрын

The Don Johnson aka Mike Johnson and MTG

@Tommyknoxs Ай бұрын

His best move was definitely Starbucks

@Greatday-24 4 ай бұрын

never ending..............................

@NiiniH 5 ай бұрын

Mathieu Flamini. You forgot about him

@maricellantita4675 5 ай бұрын

How to franchise , and thank you❤

@ibizawavey8630 5 ай бұрын

Why didn't he invest in uber or netflix etc.? he's still a billionaire, good for him.

@jules263 5 ай бұрын

Zio brands. Good luck with that

@valyu7676zx 5 ай бұрын

Whats up with the constant beeping sound in the background?

@feedthesnake3394 5 ай бұрын

everyone: private equity is destroying this country. same people: great job managing private investments magic.

@runnerboy999 5 ай бұрын

there's more than 4 billionaire athletes, though... Ronaldo, Messi, Federer, Mayweather, Le Bron. Both Messi and Ronaldo are believed to have a higher than Magic as well

@FrontOfficeSports 5 ай бұрын

@@runnerboy999 Messi, Ronaldo, Federer, and Mayweather are all close but have not been valued as billionaires yet. Those first three are likely the next three though!

@shanekane9803 5 ай бұрын

@@FrontOfficeSports y not mayweather

@stevecarnie2752 5 ай бұрын

@@FrontOfficeSports I present to you Mathieu Flamini....worth more than the 4 you mentioned combined.

@WealthyChronicle 2 ай бұрын

Magic Johnson turned his fame into fortune, but what do you think of his investment strategy? He’s made millions, but some of his ventures didn’t succeed either.

@danhenry2162 5 ай бұрын

Loved him as a player, not so much now , he is a bit cocky now , he invests , cool , but be real his wealth is speculated ( bubbled) and he is used for his name by the real money as front man . Years ago people were raving he bought the dodgers, not so.

@dougwilliams4745 5 ай бұрын

Where does your wealth come from. Everybody needed somebody whet you like it or not

@mackenzieyoung5306 5 ай бұрын

I ain't know magic had money in bama 😂💪🏾

@JONESIE214 5 ай бұрын

Goals

@TheYaq 5 ай бұрын

If you start with 0$ its hard to

@KBreeze-zt9ds 4 ай бұрын

MAGIC JOHNSON'S "BEST" BUSINESS DEAL ... WAS "GOING INTO BUSINESS" (AFTER 🏀).

@michaelbraddock5728 18 күн бұрын

77-AW

@AdamWhite-p8c 5 ай бұрын

💰💰💰

@AirJordan23DCH 5 ай бұрын

It's called crony capitalism it's easy when your connected to make money

@mrsvoyage 5 ай бұрын

Player gave more money than the owner. Same time fans have less money and more more poor

@MichaelGilmoreTV 3 ай бұрын

How in the hell did you forget SodexoMagic👀? That’s one of his biggest investment that made him a billionaire, the food service and concessions company for colleges and universities, stadiums, etc. Who is your editor📚? You’re trying to look all cute and smart on camera and forgot this very important milestone that even Forbes mentioned as why magic is a Billionaire 👀🏀💰🙏🏿.

@albertdaley9093 4 ай бұрын

Adrian dantley is the first richest

@Whohah-s2p 3 ай бұрын

Its not special he depends on the name if anything happens he is a renter not owner just watch its special when you own it

@howelln13 5 ай бұрын

Tht son of his.😅🙅🏾🤦🏾

@spps1297 5 ай бұрын

Why is he on your mind? You want him to yourself?

@howelln13 5 ай бұрын

@@spps1297 ummm.. no... "my thoughts were, how could someone be so rich,yet dress so Tacky.🤔🤷🏾‍♂️ thts it..

@sender5804 4 ай бұрын

lol, just put in NASDAQ ETF and make 42x in that time , the dude underperformed the market

@abanks202 5 ай бұрын

I think the Starbucks move because it opened a bigger market for both MJ and Starbucks. Hell if he didn't turn down Nike back in 80-81 that would've been his best move. He would've been a billionaire a long time ago.

@theodorehsu5023 5 ай бұрын

Thing was, Magic and Bird were loyal to Converse, and I wore Magic's shoes as a kid.

@ShephardInvestments-o9z 5 ай бұрын

I can make money better than I can hit a free-throw 😂

@saltypeanutOP 5 ай бұрын

Any Winning Time audience here?

@MagnumConcilium 5 ай бұрын

And from 0 to $40M?

@FrontOfficeSports 5 ай бұрын

His career earnings with the Lakers

@Frankyc1953 4 ай бұрын

The Dodgers

@DahunsiTemitope 5 ай бұрын

Just 3 decades?

@MrOPM-vc6ow 5 ай бұрын

Isn’t Mayweather a billionaire also?

@HovitoBaby 5 ай бұрын

@lord-vast 5 ай бұрын

@@HovitoBaby Yes

@thatdude1528 4 ай бұрын

@@lord-vastnot even close, if he was a billionaire he wouldn’t still be fighting

@chorlauheung4920 4 ай бұрын

Why is he still alive?? Others with HIV will have died most likely.

@Itsmejabs 5 ай бұрын

Yall copied Simon Squibb lol

@witness1013 2 ай бұрын

So he brings white franchises to black neighborhoods and invests w/ old white guys in sports teams ?! So diverse!

@betohfinger879 Ай бұрын

he used his name n fame

@uzeustr1441 5 ай бұрын

Just show that outperforming s&p 500 is almost impossible, according to forbes his net worth currently 1.2B$ , its definitely lot of money but if he invested that 40M$ to s&p 500 he would worth around 1.05B$ PASSİVELY. His 33 year average return was 10.85% while s&p returned 10.6% , if forbes estimate is right he basically wasted 33 year for nothing.