How much of Starbucks does Magic Johnson own?

Magic Johnson, a former Los Angeles Lakers basketball player, is a successful entrepreneur and investor. Johnson has invested in a variety of companies, including Starbucks Coffee. Johnson owns a piece of the company through his investment fund, as well as a stake in the company’s stock.

Johnson first became involved with Starbucks in 1998 when he invested an undisclosed amount in the Seattle-based coffee chain. In 2008, Johnson’s investment fund, Magic Johnson Enterprises, purchased a 10% stake in Jamba Juice, which was then owned by Starbucks.

In 2009, Johnson acquired an additional 4.5% stake in Starbucks when he purchased shares on the open market. This gave Johnson a total ownership of 14.5%. After Johnson’s stake grew to 14.5%, Starbucks gave him a seat on its board of directors. Johnson held the seat until 2018, when he sold his stake in the company.

As of 2020, Magic Johnson no longer owns any stake in Starbucks. However, he is still a major investor in the company. Johnson has invested in several companies throughout the years, including Burger King, T.G.I. Friday’s, and 24 Hour Fitness.

Magic Johnson’s investments in Starbucks have been highly successful. In 2008, he purchased a stake in the company for a reported $75 million. By the time he sold his stake in 2018, the value of his investment had increased by more than 400%.

Johnson’s investment in Starbucks has been a great success story. His ability to recognize potential in an early-stage company, combined with his long-term vision, has enabled him to build a strong portfolio of investments.

What Percentage of Starbucks Does Magic Johnson Own?

Magic Johnson, a former professional basketball player, is an investor in many different companies and industries. He is a minority owner in the Los Angeles Dodgers and owns several real estate companies. He is also the chairman of the board for the Magic Johnson Foundation. One of his most notable investments is his minority stake in Starbucks, the coffee giant.

Magic Johnson owns roughly 10.8 million shares of Starbucks, worth around $125 million. This gives him a 4.3% stake in the company. As one of the original investors in the company, Johnson purchased his first shares in 1998 and has since increased his stake. He has even been credited with helping the company turn around its fortunes during the 2008 recession.

Johnson’s experience in the food and beverage industry has been invaluable to Starbucks. He has helped the company expand into new markets, with a focus on minority-owned businesses. He has also been instrumental in developing programs to support small business owners. Johnson’s presence in Starbucks has been instrumental in the company’s success.

Despite his large stake in Starbucks, Johnson is not the only investor in the company. He is joined by hedge fund manager Bill Ackman, who owns a 4.9% stake in the company. There are also a number of other investors with smaller stakes, including Saudi Arabia’s Public Investment Fund, which owns a 3.5% stake.

As one of the largest shareholders in Starbucks, Magic Johnson has played an important role in the company’s success. His experience in the food and beverage industry, as well as his dedication to helping minority-owned businesses, has been invaluable to the company. His 4.3% stake in the company is worth around $125 million and highlights just how much of an impact he has had on the company.

Magic Johnson and His Starbuck’s Stake: How Much of Starbucks Does He Own?

Magic Johnson is a well-known figure in the business world and especially in the food and beverage industry. He’s been involved in many investments over the years, and has been a major shareholder in the popular coffee giant Starbucks since 1998.

In 1998, Johnson and a group of investors purchased a minority stake in Starbucks. The group purchased a total of 500,000 shares of Starbucks stock, which was then worth a total of $26 million. Johnson’s total stake is unknown, but it is estimated that he owns over 2 million shares of Starbucks stock.

At its current stock price of $56.30 per share, Johnson’s stake in Starbucks is valued at over $113 million. This makes Johnson one of the largest individual shareholders in the company. Johnson has also served on the Starbucks board of directors for many years.

Johnson’s stake in Starbucks has proven to be a profitable investment over the years. Since Johnson first purchased his shares of Starbucks stock in 1998, the stock price has increased more than 2,100%. Johnson’s $26 million investment in 1998 is now worth over $550 million.

Johnson’s stake in Starbucks is just one of the many investments he has made over the years. Johnson has also made investments in companies such as T.G.I. Fridays, 24-Hour Fitness, AMC Theaters, and Vibe magazine. Johnson is also a part-owner of the Los Angeles Dodgers.

Overall, Magic Johnson has proven to be a savvy investor over the years. His stake in Starbucks has grown significantly over the past two decades, and is now worth over $113 million. Johnson’s investments have paid off in a big way, and he continues to be a major player in the business world.