Magic Johnson is the CEO of Magic Johnson Enterprises, a company that has a net worth of $700 million. He's also part-owner of the LA Dodgers and has several other enterprises including Magic Workforce Solutions, Sodexo Magic Food Service, Magic Airport Holdings and ASPiRE TV.
The five-time NBA champion and Hall of Famer recently launched his "Friends of Magic" project in Chicago. The goal: To help at-risk students, including dropouts, graduate from school. It gives them a second chance.
As he wiped away tears during the announcement event, Magic said, "I've been so blessed in life. I'm trying to give back to the same community I grew up in."
Magic Johnson's Bridgescape Academy contracts with the Chicago Public Schools to help dropouts complete their graduation.