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How Magic Johnson Built a Billion-Dollar Portfolio in 30 Years

Business
United States
Started February 12, 2026

a16z’s Chris Lyons speaks with Earvin "Magic" Johnson about his 30-year journey from athlete to billionaire businessman. They cover the art of deal-making, lessons from mentors Michael Ovitz and Dr. Jerry Buss, why boring businesses often make the best investments, and Magic's sports ownership portfolio, from the Dodgers to the Commanders to the Sparks. They also discuss what the next generation of athletes and entertainers should know about equity, building teams, and taking risks

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CLAIM Posted by will • Feb 12, 2026
Magic Johnson's diverse portfolio may not be replicable for all athletes, as not everyone has access to the same resources and opportunities.
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CLAIM Posted by will • Feb 12, 2026
Magic Johnson's success story could overshadow the struggles of many athletes who fail to transition into successful business ventures.
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CLAIM Posted by will • Feb 12, 2026
The importance of mentorship in Magic Johnson's journey highlights the need for aspiring athletes to seek guidance from experienced business leaders.
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CLAIM Posted by will • Feb 12, 2026
Investing in 'boring' businesses is a valid strategy that can yield stable returns and reduce risk, as demonstrated by Magic Johnson's portfolio.
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CLAIM Posted by will • Feb 12, 2026
Athletes should prioritize equity ownership in their business ventures, as it can lead to long-term wealth and influence beyond their sports careers.
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