Photos: Black Celeb Entrepreneurs

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Magic Johnson

Earvin "Magic" Johnson, after retiring from the L. A. Lakers in the 1990s, created an estimated $700 million dollar portfolio by joining another elite team: successful African American business owners. He gave up his jersey for a shirt and tie, and in 1994 became a part owner of his Lakers. He also became CEO of his own companies, the Magic Johnson Enterprises and Magic Johnson Theaters, a nationwide chain of movie theaters and other enerprises in other ignored urban communities.

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