Magic Johnson is
a basketball hall of famer having played professional basketball with the LA
Lakers in the National Basketball Association. He retired from the NBA in 1991
shortly after he discovered he contracted
HIV. Upon retirement, he indulged himself in business and established the
Johnson Development Corporation. His company helped small chain retail stores
and entertainment businesses to flourish in minority neighborhoods.
Johnson was born
as Ervin Effay Johnson Jr. in Lansing Michigan on August 14, 1959. Even as a
boy, Johnson loved basketball more than any other sport. His high basketball IQ
and talent became evident when he first joined a local basketball team at 15
years old. There, he earned the moniker “Magic.”
Johnson took up
communication studies at Michigan State University. He became a star in the
basketball team of the Spartans, leading the club to win the Big Ten Conference
and took Michigan SU to the 1979 NCAA Finals.
The LA Lakers
drafted him to the NBA when he applied for the draft in 1979. He won several
awards in the NBA including the Most Valuable Player award three times and the
NBA Finals MVP in his rookie year. He played with the LA Lakers for 12 years.
After his
retirement in 1991, Johnson and business partner Earl Graves bought
Pepsi-Cola’s distribution plant located in Maryland. In his desire to bring
movie theaters to minority neighborhoods, he created the Johnson Development
Corporation. Loews Cineplex Entertainment became Johnson’s partner in his
humble endeavor. Soon, the partnership was able to build theaters in Cleveland,
Atlanta, Houston and LA.
His success with
theaters resulted in the opening of other forms of entertainment and food
business. But his main idea did not change in spite of the expansion: bring the
stores and restaurants to minority communities. This was his philosophy even
when he partnered with Fatburger, Starbucks and TGI Friday’s.
Johnson also
worked with the film and TV production. His films and TV shows were distributed
through the Black Entertainment Television. He has also engaged in exercise and
sports clubs. He hoped to
bring greater opportunities to less advantaged communities.
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