Originally written on Fox Sports  |  Last updated 11/6/14
"We are the communities we serve." That motto, asserted in the opening chapter of his 2008 book "32 Ways to Be a Champion in Business," is what Magic Johnson says frames all the business interests he's had since retiring from the NBA in 1996. It's been a successful mantra, as Johnson, whose net worth was estimated at more than $500 million by Forbes in 2009, grew his business over the past two decades by opening franchises for Starbucks, T.G.I. Fridays, AMC Theatres and Best Buy in primarily black and Hispanic neighborhoods, such as Harlem and South Central Los Angeles. Those endeavors pale in comparison to his most ambitious power move to date: Johnson is part of a group that has agreed to purchase the Los Angeles Dodgers for $2.15 billion, the largest amount ever paid for a sports franchise. Yet while most of Johnson's prior businesses have focused on expanding to the black community, he now enters a business in which involvement by African-Americans, both as players and fans, ...
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