Magic Johnson

Stories 1 - 20 |  Next >>

He's Only the Fourth Athlete Billionaire

Former NBA great Magic Johnson joins the club thanks to savvy investments

(Newser) - Michael Jordan, Tiger Woods, LeBron James, and now Magic Johnson. The former NBA star has joined the exclusive club of athletes-turned-billionaires. Forbes estimates the 64-year-old's net worth to be $1.2 billion, thanks to his ownership stakes in various sports teams and other investments. Johnson has stakes in the...

Oprah on Beverly Hills Murder: 'World Is Upside Down'

Jacqueline Avant's shooting death follows string of robberies targeting the rich and famous

(Newser) - Oprah Winfrey is among the celebrities in shock at the killing of Jacqueline Avant , a philanthropist with ties to the rich and famous who called Beverly Hills home for half a decade. The 81-year-old wife of legendary music producer Clarence Avant and mother of former US ambassador to the Bahamas...

David Stern's 'Most Humane' Act Was Supporting Magic
This Was David Stern's
'Most Humane' Act
OPINION
Jan 2, 2020 11:21 AM CST

This Was David Stern's 'Most Humane' Act

NBA commissioner embraced Magic Johnson after HIV diagnosis, 'figuratively and literally'

(Newser) - The current NBA commissioner says his predecessor , David Stern, turned the basketball league into "a truly global brand." But the legacy that Stern, who died Wednesday at age 77, should be most hailed for is his support of Magic Johnson after the basketball great was diagnosed with HIV,...

Mistaken Email BCCs May Have Led Magic Johnson to Quit

Sports reporter Ric Bucher references messages between Jeanie Buss, Rob Pelinka

(Newser) - A good reminder to watch who you BCC on your emails. A sports reporter says it's possible Magic Johnson's sudden resignation as the Los Angeles Lakers' president of basketball operations was partially spurred by unflattering emails about him sent by franchise bosses—ones that he was mistakenly copied...

Magic Johnson Makes Shock Announcement

He's stepping down as Lakers president

(Newser) - Magic Johnson abruptly quit as the Los Angeles Lakers' president of basketball operations Tuesday night, citing his desire to return to the simpler life he enjoyed as a wealthy businessman and beloved former player before taking charge of this franchise just over two years ago. Johnson didn't tell owner...

5 Celebs Who Pray
 5 Celebs Who Pray 
May 17, 2014 8:39 AM CDT

5 Celebs Who Pray

In some cases, every single day

(Newser) - Magic Johnson is turning the other cheek when it comes to LA Clippers owner Donald Sterling: "I'm a God-fearing man and I'm going to pray for him and hope things work out for him," Johnson recently said after Sterling said some less-than-kind things about him on...

Magic Johnson: I'll Pray for Sterling

He also defends his work in the black community

(Newser) - After Clippers owner Donald Sterling went on CNN last night and seemingly made things even worse for himself by going after Magic Johnson, the former basketball star doesn't sound much interested in returning fire. "I'm a God-fearing man and I'm going to pray for him and...

Sterling Slams Magic Johnson for Getting 'Those AIDS'

Remember, he doesn't actually have AIDS

(Newser) - Donald Sterling talked to Anderson Cooper on CNN in an interview that aired last night, and though he apologized for his racist remarks that could cost him his ownership of the LA Clippers, the comments getting the most play are the ones he made about Magic Johnson. Sterling says the...

NBA Bans Sterling for Life
 NBA Bans Sterling for Life 
Apr 29, 2014 1:57 PM CDT

NBA Bans Sterling for Life

Fined $2.5M; owners may force him to sell the team

(Newser) - NBA Commissioner Adam Silver dropped the hammer on LA Clippers owner Donald Sterling today, announcing that the league was banning Sterling for life from "any association with the Clippers organization or the NBA." Sterling will not be allowed to attend any NBA games or practices, be involved in...

Obama: Sterling Tape 'Incredibly Offensive'

Magic Johnson also swipes back

(Newser) - The racist and alleged comments of LA Clippers owner Donald Sterling have attracted the wrath of some really big names, including the leader of the free world. "The owner is reported to have said some incredibly offensive racist statements that were published," Obama said today in Malaysia, as...

NBA Probes Racist Audio Said to Be Clippers Owner

Donald Sterling allegedly tells girlfriend not to bring black people to games

(Newser) - The NBA is investigating a TMZ-released tape of a racist screed, allegedly by Los Angeles Clippers owner Donald Sterling, ESPN reports. The recording, according to TMZ, reveals Sterling arguing with his girlfriend, V. Stiviano, over a picture she posted on Instagram of herself and Magic Johnson. "It bothers me...

Magic Johnson Group Buys Dodgers for $2B

Frank McCourt accepts record-breaking bid

(Newser) - The Los Angeles Dodgers will become the most expensive sports franchise ever sold under a deal reached between owner Frank McCourt and a group led by Magic Johnson. The $2.3 billion all-cash deal includes $2 billion for the team, and $150 million for a joint venture on land surrounding...

Obama, NBA Stars Play Hoops for Troops

'Wounded warriors' watch; reporters boxed out

(Newser) - President Obama played basketball today with a constellation of NBA stars and a ringer from the national champion UConn women's team. Service members injured in action and participants in the White House mentoring program watched, but the press pool waited outside, the Washington Post reports. Retired stars Magic Johnson and...

Khloe Kardashian Meets Obama
 Khloe Kardashian Meets Obama 
congratulations, Lakers
Jan 25, 2010 4:49 PM CST

Khloe Kardashian Meets Obama

White House ceremony honors NBA champion Lakers

(Newser) - You work hard your whole life, you become a professional basketball player, you win the NBA championship, you attend a White House ceremony honoring that feat—and the headlines say, "Khloe Kardashian meets President Obama." That's the fate of Kardashian's husband, Lamar Odom, and his Los Angeles Lakers...

Magic Johnson: Isiah Spread Rumors I Was Gay

Thomas denies accusation, feels 'really hurt'

(Newser) - Magic Johnson blames former friend Isiah Thomas for spreading rumors that Johnson was gay after he announced he had HIV in 1991. "Isiah kept questioning people about it,'' Magic writes. "I couldn't believe that. The one guy I thought I could count on had all these doubts....

March Madness: It All Started With Larry and Magic

1979 title game made basketball a slam dunk with public, book says

(Newser) - March wasn't always so mentally unstable. A new book claims the whole college roundball craze started 30 years ago, when Michigan State and Indiana State—and their stars, Magic Johnson and Larry Bird—met in the title game. “You couldn't have asked for a better dynamic between these two...

B-Ball Stars Say Obama's Got Game
B-Ball Stars
Say Obama's Got Game
Feb 15, 2009 5:37 PM CST

B-Ball Stars Say Obama's Got Game

Hoopsters pick apart presidential skills in CNN roundtable

(Newser) - Basketball stars of today and yesterday have dissected President Barack Obama’s game on CNN, the Swamp blog reports. "He's smart at the game," Magic Johnson said today, watching a clip of the president shooting hoops. “He sees the play before it develops. That is how he...

Beverly Hills Turf War Splits Wealthy Residents

Residents of ritzy enclaves head to court over access, upkeep fees

(Newser) - A turf war has broken out between two upscale Beverly Hills enclaves, home to the likes of movie mogul Sumner Redstone and basketball legend Magic Johnson, the Los Angeles Business Journal reports. Residents of North Beverly Park got fed up with nannies and other employees of their South Beverly Park...

Johnson Brings Magic to Urban Development

Basketball legend's fund has raised $1B, despite realty slump

(Newser) - Amid the subprime and recession chaos sits a gleaming urban development fund that has banked $1 billion with basketball legend Magic Johnson at the helm. The Canyon-Johnson Urban Fund has already completed major projects in Hollywood and Chicago, reports the LA Times, and, Johnson says, "The potential for revitalization...

Blackstone Lobbying Backfires
Blackstone Lobbying Backfires
Sep 21, 2007 8:10 PM CDT

Blackstone Lobbying Backfires

Private equity firms ‘overreach’ with claim they help the poor

(Newser) - Private equity firms launched their first coordinated effort at lobbying this year—and overshot by a long stretch, Bloomberg reports. Blackstone and 11 other firms joined hands to fight a tax hike on carried interest—fund managers' share of profits—and have gone so far as to argue that the...

Stories 1 - 20 |  Next >>