As one of the most powerful African-American businessmen in the world, the two-time Hall of Famer is a major league baseball owner, an entrepreneur, a philanthropist, and a motivational speaker.
He has successfully parlayed his skills and tenacity on the basketball court into the business world, propelling his company to the status of one of the top brands in urban America. MJE provides high quality products and services that focus primarily on ethnically diverse and underserved urban communities through strategic alliances, investments, consulting, and endorsements. The conglomerate is comprised of multiple business entities and partnerships that consists of Yucaipa Johnson, a $500 million dollar private equity fund that includes Inner City Broadcasting Corporation; ASPIRE, an African-American television network; SodexoMAGIC, a food service and facilities management company; Magic Johnson Bridgescape Academies, a high school drop-out prevention program; Clear Health Alliance, a healthcare provider with a specialty plan for HIV/AIDS patients; and Magic Airport Holdings, which includes Magic Johnson Sports. Additionally, Johnson has teamed up with Tim Leiweke of AEG in an effort to build a new stadium and bring an NFL team back to Los Angeles, as well as thousands of jobs to the city.
In the business world, Johnson is most noted for his unprecedented 1998 Starbucks partnership, which served as the catalyst for redevelopment in urban communities and has served as a blueprint for Corporate America’s engagement and success with urban consumers.
Johnson also serves as chairman/founder of the Magic Johnson Foundation, where his unwavering commitment to transform Urban America continues through HIV/AIDS awareness and prevention programs, community empowerment centers, and the Taylor Michaels Scholarship Program. Celebrating more than 20 years of success, the Magic Johnson Foundation has become one of the most recognizable philanthropic organizations around the world.
Co-hosted by the American Hotel & Lodging Association (AH&LA) and Burba Hotel Network (BHN), the two-and-a-half-day ALIS event features an extensive array of seminars and panels hosted by leading experts and investors discussing important trends and identifying new opportunities. The conference attracts the lodging industry’s leading hotel executives, investors, lenders, developers, and professional advisory community. Proceeds from ALIS benefit the educational, research, and training missions of the American Hotel & Lodging Education Foundation (AH&LEF), AH&LA’s nonprofit affiliate. For information on the Foundation, visit www.ahlef.com.
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