---
title: "What Franchises Does Magic Johnson Own?"
url: https://burnaze.com/article/ecc3cbbd-b0fd-404b-be0b-18209196f30a
source: "1851 Franchise"
original_url: https://1851franchise.com/what-franchises-does-magic-johnson-own-2720863
category: "Finance"
topics: ["Finance & M&A"]
published: 2023-01-20T13:08:00.000Z
modified: 2026-11-01T02:09:14.155Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/5bbf91feb78c29a525722c664c249b243959.jpg
---

# What Franchises Does Magic Johnson Own?

**TL;DR:** Magic Johnson owns franchises of T.G.I. Friday's and Burger King, with over 30 Burger King locations in Georgia, Alabama, Texas, and Florida. His investment firm has holdings worth an estimated $1 billion.

*originally published in 1851 Franchise on 2023-01-20. [Read the original](https://1851franchise.com/what-franchises-does-magic-johnson-own-2720863).*

## Story

Magic Johnson, an iconic NBA player, left Michigan State University 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.

Now, he has a net worth of around $620 million, 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.

**T.G.I. Friday’s**

With over 850 restaurants in 55 countries, Fridays™ is known for its burgers, steaks and potato skins. In 1998, Johnson entered an agreement to develop a Magic Johnson’s T.G.I. Friday’s restaurant, in partnership with Carlson Restaurants Worldwide Inc.

**Burger King**

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 statement.

According to FranchiseWire, 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.

## Entities

- 1851 Franchise (publication)
- General (sector)
- franchise ownership (topic)
- Burger King (company)
- TGI Fridays (company)
- restaurant franchises (topic)
- Carlson (company)
- celebrity investment (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/what-franchises-does-magic-johnson-own-2720863). Summarized by Burnaze (https://burnaze.com/article/ecc3cbbd-b0fd-404b-be0b-18209196f30a).