Magic Johnson announced he had HIV in November of 1991, just think about that for a minute. That is almost 20 years ago. Because people were so naive about the virus at that time, many assumed Magic wouldn’t make it to 1992.
You can argue that what Magic has done in the business world has been greater than what he did on the court.
He should be the model of what to do when you career is over.
Here are the details:
Retired basketball star Magic Johnson agreed to invest in Vibe Holdings LLC, a magazine and television company focused on the urban market, along with billionaire Ron Burkle, according to a person familiar with the agreement.
As part of the deal, Johnson, 51, will become chairman of New York-based Vibe, said the person, who declined to be identified because the deal isn’t public. Johnson and Burkle, head of the investment firm Yucaipa Cos., will join Leo Hindery, the former cable and telecom executive, whose InterMedia Partners LP already owns a stake in Vibe.
Magic should put me in Vibe Magazine (shameless plug).