The former American basketball player and legend of NBA, Erwin "Medzhik" Johnson, won glory not only on the basketball playground but also in the business world. Recently, Forbes magazine estimated his total wealth into amazing $ 1.2 billion, which emphasizes his successful investment and dedication to business.
Medzhik Johnson's professional sports career seemed to end in 1991 when he was diagnosed with human immunodeficiency virus (HIV). However, he returned to the game to help the US national team at the Barcelona Olympic Games, where they won the gold medal. In addition, he spent several matches for Los Angeles Leikers in the mid-1990s.
Today, Medzhik Johnson is a successful businessman and owner of shares in various sports clubs. It has a share in teams such as Washington Commander (American Football), Los Angeles Dodgers (Baseball), Los Angeles (Football), and Los Angeles Sparks (Women's Basketball). His presence in sports continues to support his passion for competitions and development of the sports community.
The main asset of Medzhik in the world of business is its 60% share in the company of life insurance EQUITRUST. Since the acquisition of the company in 2015, Equitrust assets have increased from $ 16 billion to $ 26 billion, and annual income reached about $ 2.6 billion. This testifies to his ability to manage finances and build successful business projects.
Medzhik Johnson also diversified his business portfolio by investing in a network of movie theaters in partnership with LOEWS in large cities, such as Los Angeles, Atlanta, Houston and New York. He also created a joint network of Starbucks cafe in areas where African Americans live, emphasizing their role in the development of their own community.
Since 1990, Medjik Johnson has a minority share in PepsiCo spilling factory near Washington, which he bought for $ 60 million. This investment also brings him a profit and demonstrates his ability to make successful investment decisions.
