EST. 1987
The former basketball superstar scored in business, developing partnerships with Sony Corp. (Magic Johnson Theaters), TGI Friday’s Inc., and Starbucks Corp. to place mainstream brands in Black commu-nities. He continued to grow through partnerships and investments in new sectors of opportunity. For example, he created JLC Infrastructure, a joint ven-ture comprising Magic Johnson Enterprises and Loop Capital Markets L.L.C., to identify the development of major construction and expansion projects in states and localities and has made investments in ventures launched by Black entrepreneurs such as Walker & Co., the tech-driven grooming company; Uncharted Power, a firm focused on renewable energy; and Jop-well, a diversity and inclusion recruitment platform. Moreover, His EquiTrust Life Insurance Co., along with MBE Partners and Carver Federal Savings Bank, has provided a total of $325 million in funding to women- and minority-owned businesses impacted by the COVID-19 pandemic.