Magic Johnson BioSnap a weekly updated Biography.
Magic Johnson made a major business announcement on October 2nd when he revealed that Christina M. Francis would be stepping down as president of Magic Johnson Enterprises after 12 years of leadership. According to Essentially Sports, Johnson took to Twitter to announce this significant departure from his seven hundred million dollar business empire, expressing deep gratitude for Francis's contributions over their nearly 25-year working relationship. Francis made history as the first female president of the company and oversaw a diverse portfolio including stakes in the Los Angeles Dodgers and Los Angeles Sparks during Johnson's rise to billionaire status.
Interestingly, that same day Johnson was notably absent from a Showtime Lakers reunion lunch. Essentially Sports reported that former teammates including Kareem Abdul-Jabbar, James Worthy, Byron Scott, A.C. Green, Michael Cooper, and Mychal Thompson gathered for the get-together, with Worthy posting photos on Instagram. Thompson joked on Twitter about leading them to championships and getting stuck with the tab, but fans noticed Magic's conspicuous absence from the group photo.
On the sports business front, Sports Illustrated covered Johnson's excitement about the Los Angeles Sparks' announcement of a new 150 million dollar practice facility in El Segundo, set to open in 2027. Johnson, as part-owner, called it the best facility in all of the WNBA and congratulated his business partners Eric Holoman and Mark Walter for making the dream facility a reality.
Johnson also made appearances at high-profile charity events. ABC7 Chicago reported he attended the Common Ground Foundation's Chicago Nights Brighter Futures gala on October 4th, celebrating 25 years of the organization founded by rapper Common and his mother. Getty Images documented Johnson and his wife Cookie attending the HollyRod Foundation's Annual DesignCare Gala on the same date in Los Angeles.
AOL reported that Johnson recently gushed about his wife Cookie being his best friend after 34 years of marriage, showing the couple remains strong. The Reckoning Magazine also highlighted Johnson's continued HIV advocacy work, noting his appearance at the National Minority AIDS Council conference where he reflected on his 66 years of life and his role in changing the narrative around HIV awareness in Black communities.
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