Magic Johnson

Shaquille O’Neal, the former Los Angeles Lakers star, wants a $50 million payout from the team following its recent sale. O’Neal, who was a key player in the Lakers’ success, believes he is entitled to a share of the $10 billion sale due to his contributions to the team’s...

The Milken Institute's 28th annual Global Conference began on Sunday and will run through May 7 at the Beverly Hilton in Los Angeles. What Happened: Held under the theme “Toward a Flourishing Future,” the event features more than 1,000 speakers and 5,000 attendees from over 80 countries...

In recent years, several NBA players have transcended their on-court prowess to become savvy investors, particularly in technology startups, franchises, and health and wellness companies. These moves diversify their income streams and set them up for long-term financial success. Shaquille O’...

A virtual sports league for daily fantasy and esports announced a partnership Tuesday with Immutable, one of the world’s top Web3 gaming platforms. What Happened: SimWin Sports announced a strategic partnership with Immutable Tuesday that will help the company grow in the Web3 gaming...

Jeff Bezos, one of the richest people in the world, is passing at the opportunity to bid on a National Football League (NFL) team. Here’s a look at where the sale process of the Washington Commanders currently stands and what Bezos could have his eyes on instead. What Happened: The Washington...

Canadian-born actor Ryan Reynolds could be the latest celebrity owner of a North American sports team. Here’s the latest rumor in celebrity team ownership and which team Reynolds has his eye on. What Happened: Actor and production company owner Ryan Reynolds is interested in buying the Ottawa...

NBA legend Magic Johnson and billionaire entrepreneur Mark Cuban are reaching out to minority business owners who are struggling to navigate coronavirus shutdowns. What Happened? Johnson’s Magic Johnson Enterprises has partnered with MBE Capital partners to provide $100 million in loans...

The only thing more exciting than the NBA playoffs might just be the NBA offseason. LeBron James' decision to join the Los Angeles Lakers in an unprecedented four-year deal broke an NBA Twitter volume record of 56,000 tweets per minute. Amid the speculation surrounding a Lakers turnaround, the...

LeBron James lost his fifth NBA Finals, but it surely wasn't due to a lack of effort, as he became the first player ever to average a triple-double in the NBA Finals series. Despite his incredible performance, the Golden State Warriors simply had too many weapons. This was a team that went 73-9...

Los Angeles Lakers fans couldn’t be more thrilled by the team’s latest move, and it wasn’t on the court. Laker legend Magic Johnson has been named the President of Basketball Operations as longtime general manager Mitch Kupchak was fired. Johnson has already made a splash in his...

These days, professional athletes earn some of the largest paychecks in the world. However, the average pro sports career typically lasts only 3-6 years. Unfortunately, many of the highest paid pro athletes make headlines after they retire for mismanaging their money. But a handful of pro...

CNBC's Darren Rovell thinks it might be a possibility. Magic Johnson recently sold his stake in the Los Angeles Lakers, a team he used to play for in the 1980's and 1990's. Since then, Johnson has had many business ventures and jobs, including night shows, broadcasting, and the most important,...