How Magic Johnson Went From NBA Legend to Billionaire | The Deal

In this episode of The Deal, Alex Rodriguez and Jason Kelly talk with Magic Johnson, the iconic point guard for the Los Angeles Lakers. In their conversation, taped in front of a live audience at the Milken Global Conference, Johnson reveals what he’s learned from his “greatest deal,” becoming part of the Washington Commanders ownership group. He also explains why pitching himself as a partner to the Starbucks board was the hardest thing he’s ever done, and how much it meant to win an Olympic gold medal alongside Michael Jordan and Larry Bird.

Listen to The Deal on Apple Podcasts, Spotify, iHeart, Bloomberg Carplay, or wherever you get your podcasts. You can also watch The Deal on Bloomberg Originals and Bloomberg TV.

00:00 - 01:08 Introduction
01:08 - 03:22 How Alex & Magic met
03:22 - 05:42 Washington Commanders
05:42 - 08:30 Starbucks deal
08:30 - 09:53 Institutional capital
09:53 - 11:53 Choosing partners
11:53 - 14:30 Magic’s advice to Alex
14:30 - 16:42 Magic on preparation and teamwork
16:42 - 23:30 Rapid fire

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Post from Bloomberg on June 11, 2025

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