Inside Magic Johnson’s Billion-Dollar Empire | EP #163
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I don't know if folks really understand the depth and length of what you have done there.

The first person ever to franchise Starbucks, Burger King, 24 Hour Fitness, TGI Friday, Best Buy, Fatburger, steaks in sports teams, but life insurance, TV networks, and real estate. Where did that begin for you? My dream was to make it to the NBA. That was my only dream. You tell me I can't do something, I'm about to prove you wrong.

It's been 30 years since you went public with your HIV diagnosis. Your wife was pregnant. Yes, with our son EJ. I told her I could understand if you want to leave me. She stood up and smacked me right outside my head. True story. And she said, we're going to beat this together. There's a big debate right now

in our political system about funding public research. We just got too many resources to not help people. This is not about Democrats, Independents or Republicans. It's not about that. It's about life. Now that's the moonshot, ladies and gentlemen.

Everybody, welcome to Moonshots. During this episode, I'm going to be speaking to an incredible Moonshot entrepreneur. His name is Magic Johnson. You know him as the NBA all-star. You know him as someone who's overcome AIDS. But did you know that he has bought into dozens of companies? He had the largest franchise at Starbucks.

He's been into Best Buy, Burger King and a multitude of other companies. We're going to talk about his life. We're going to talk about how he overcame AIDS, what that was like dealing with telling his wife. We'll talk about his career in sports and then his follow on career in buying sports teams. Mostly we'll talk about the incredible lessons he learned there.

Now, this conversation takes place at the Lake Nona Impact Forum. It's an extraordinary conference in Lake Nona, Florida. It's where Fountain Life has its headquarters. And every year, the Lake Nona Impact Forum brings together incredible leaders from Jeff Bezos and President George W. Bush and other incredible world leaders. I'll ask my team to put a link to the Lake Nona Impact Forum in the show notes below. All right, let's jump into the episode with Magic Johnson. Thank you. Thank you.

Peter, it's a pleasure being here with you as well. Pleasure. You know, you give a new meaning to looking up to somebody. Before we start, I just want to say congratulations to Gloria and to Ronnie for putting on this event for 13 years, bringing amazing people here every year. Let's give it up for them. Gloria.

It is. It is beautiful. So I want to kick off with you have multiple congratulations. What an extraordinary year it's been so far. And we're like just in it. First off, at the beginning of the year, our former President Biden gave you the Presidential Medal of Honor here, the highest civilian honor you can get. Let's take a look at this B-roll here of that event. Magic Johnson. Thank you.

The Presidential Medal of Freedom is awarded to Irvin Magic Johnson. With unmatched vision and versatility, Irvin Magic Johnson drove the Showtime era for the Los Angeles Lakers. Five-time NBA champion, three-time MVP, 12-time All-Star Olympic gold medalist, and the Naismith Hall of Famer. His honesty about his HIV status shattered stigma and saved lives.

The first retired athlete to build a true business empire, he champions underserved communities. With a legendary will and smile, Magic Johnson rose from the playground in Lansing, Michigan to become one of the most beloved athletes of our time. Amazing. Does that ever get old?

Well, listen, it doesn't get old, but something like that is you can't even describe the feeling. The greatest moment I had was when, you know, my mother, who was 89, got a chance to go to the White House and witness her son, her baby, get up there and get the Medal of Freedom. And so to hear her and see her

smile and cry and be happy about this moment because only thing I wanted to do and still the only thing I want to do in life is to really make my my family especially my parents feel good about you know what I've done in life yeah and uh so it was a great moment my kids were there of course cookie so it was just a great family moment and uh

And I guess God is saying, hey, you know, this is what happens when you understand your purpose and that you give back to the communities, the underserved communities and put people to work. And so I never thought I would receive an award for doing the things that's on my heart. But it was a blessed moment for me. That's beautiful. And I want to get into purpose. I want to get into family.

But before we get there, another magical event. LA Dodgers take it for the seventh win. What was that like?

Well, it was an incredible moment. First, with Cookie and I, you know, us being the first African-American owners in Major League Baseball, that is first important. And then second, what's important is that the fact that when we took over the Dodgers 12 years ago, they were not where they are today, right? We built a really successful team.

that our fans just love. You know, everybody thought at that time when we paid $2.2 billion for the Dodgers that we overpaid and that we were crazy. And then now they see the two World Series rings that I have and

We won our division every single season but once. And we're number one in attendance for 12 straight years that we've owned the team. And I think that we've changed the fan experience. And then...

We included everybody because we have a big Latino fan base. We have African Americans, we have of course whites, and they all come together and cheer for this incredible team. And so it's a melting pot and I'm just so proud of the fact that our guys are serious about baseball.

and that we could make the Dodger fans happy. And they finally got a parade because when we won during COVID, we didn't get a parade. But this year we had a great parade and everybody was able to celebrate in Los Angeles what we accomplished. Well, as a fellow Angeleno, thank you for all that you've done. Thank you. It's a great pride. I appreciate that.

There are so many sides of you and what you've accomplished and will accomplish. I'm here talking about longevity over these next couple of days, so I want to give you another 65 years of life here. After you left the game...

you and actually towards the end of your game career you started pivoting into entrepreneurship into business and I don't know if if folks really understand the depth and length of what you have done there and I'm gonna dive into these separately But it's important to realize this isn't like a you know a one-shot success here We'll talk about Starbucks the first person ever to franchise Starbucks. I want to hear that story and

Because that, I mean, how you convince Howard Schultz to do that, we'll get there. Burger King. But beyond that, 24 Hour Fitness, TGI Friday, Best Buy, Fatburger. You go from there into, of course, buying stakes in sports teams, but life insurance, TV networks, and real estate everywhere.

I mean, that's a conglomerate. I think you should be the Magic Johnson conglomerate of companies here. What drove that desire? Was that innate interest in being an entrepreneur, building businesses? Where did that begin for you? Well, definitely back home in Lansing. When? In high school? Yes, because my dream was to make it to the NBA. That was my only dream. And that started...

How early? In terms of when I was a little kid, right? Five, six, seven, eight years old, playing basketball, watching games with my father, sitting on his lap or sitting beside him, watching the NBA. And I always wanted to emulate that.

After watching that game, I would run out on the basketball court and immolate Will Chamberlain, Bill Russell, Bob Cousy, whoever was on TV at that time. Did you voice that to your parents and your siblings? Oh yeah, early on. Everywhere we went, I had my ball.

And my mom, it would drive her crazy. You know, we in the grocery store, I'm bouncing that ball all around. Did anybody tell you you couldn't do that? Or did anybody, did they tell you you're going to go for it? No, of course my parents didn't. And my brothers and sisters, I have six sisters, three brothers. They never said it. But outside of that.

They said I could never make it, but I didn't. I used that as fuel. Of course. I'm a very competitive dude. I've heard that. So you tell me I can't do something, I'm about to prove you wrong, right? And so I was driven by that. And so my parents always encouraged me, but they also said if you don't get good grades, you can't play. Mm-hmm.

So I knew I had to apply myself in the books as well. But this is what really changed my life. Please. We were driving, my father and I, and I saw these two African-American men. And they had this beautiful Mercedes Benz. I've never seen a Mercedes. So I'm like, Dad, what kind of car is that? And he said, that's a Mercedes Benz. And I said, oh. And I said, what?

A black man is driving it, right? And he said, yeah, that's Greg Eaton. And also his business partner is Joel Ferguson. And they own businesses in Lansing, Michigan. So I didn't know that we could do that, right? And so they owned all these buildings and car dealerships, on and on and on. And I said, uh-oh, I want to meet them. And sure enough, my father set it up for me to say hi to them about...

13, 14 years old. And then as I grew in terms of basketball, they start coming to my games. And then they said, let's go to lunch. I want to take you to lunch. So they took me to lunch and they explained what they do. And I just at that moment, my dreams changed from just being want to make it to the NBA to

I want to be a businessman like those two guys. I think most of you know that the news media is delivering negative news to us all the time because we pay 10 times more attention to negative news than positive news. For me, the only news worthwhile that's true and impacting humanity is the news of science and technology. And that's what I pay attention to. And every week I put out two blogs, one on AI and exponential tech and one on longevity. If this is of interest to you,

And it's available totally for free. Please join me. Subscribe at diamandis.com slash subscribe. That's diamandis.com slash subscribe. All right, let's go back to the episode. I think most people don't realize that that dream was simultaneous with your sports career. Yes, yes, it was. But sports, it was different.

Probably 98%. And the dream of business was 2%. Because I was still a young man at that time. Until I turned about 17. And I asked them to give me a job in the summer. Because when you have six other sisters and three other brothers, your parents can't give you no extra money. That's amazing. So my dad...

My dad took me, he said, "You want some money to go to the movies? Alright, let me take you to the garage." And he introduced me to Mr. Rake, Mr. Longmore, and Mr. Schaub. And he said, "If you want some extra money, here's the three things that can help you get that." Right? And so, that allowed me to understand that I have to have a work ethic, not only on the basketball court, but outside of it. And that helped me to get ready. So I met them

When I was 17 and asked them to give me a job, they gave me a job. They owned an office building, seven floors. And I had to clean it after five o'clock on Friday, between Friday and Sunday. So, Peter, this was really, again, changed my life. So I cleaned the first six floors, but the CEO's office was on the seventh floor. And I'm a big believer, if you don't dream it, you can't become it. So I would bust in the CEO's office like I was...

pretending I was him. And I would go up to his desk, recline the seat all the way back and put my feet up on his desk. I would hit the intercom button like I had an assistant out front. You know, I'd think of some name like, "Ruby, can you bring me some coffee and donuts in today's paper?" And for hours I would sit there dreaming that I was a businessman and I was the CEO.

Well, look what happened. God put me in this position. And here I am now over almost 50 years later. I am the CEO of my own business. And so that changed my life forever. You know, people talk about visualizing success and importance and even in sports as well. Is that always been something that has been a go to tool for you? Yeah. Well, for me, it's being smart at basketball. I just didn't play the game.

I was smart at the game. There's a lot of guys that are more athletic than me and Larry Bird, right? We both can only jump this high. But nobody was smarter than both of us. There was more other people that could run faster than us, but they were not smarter than us. So I've always leaned toward making sure that I was smart at the game, just like I lean toward now

be inspired at business. And so, um, that carried me a long way, having high basketball IQ and making sure that I was competitive. I was disciplined. Uh, I enjoyed the process of winning as well as losing. You have to enjoy the process. And, uh,

And then Larry Bird, I got to give him credit. He made me a better basketball player, man. It's nice to have someone to compete against. Yeah, I hate that blonde-haired dude, but I got to give him credit. He really helped me, and I think I helped him. And what the people should really know out here is that game, Michigan State versus Indiana State, is still the number one watched basketball game of all time. That's 40-some years later, right? It's amazing.

You figure someone would be able to do a better job by now. Yeah, yeah. Now, Peter, I'm not a sit-in-the-seat dude, so I like to be down. Is that okay? Yeah. Because I like to be with the people. I don't like to sit. So I'm going to take the question. All right. Because that's my thing. I didn't come all the way to Orlando just to sit in a white chair. So let's go back to that moment when you're –

Approaching Howard Schultz about Starbucks. Now, it's one of the iconic companies on the planet. It's nice to have a legal drug you can sell people. And that's probably what it is. I swear, I give more money to Starbucks than I... You know, it's insane. I had a good old app. So...

You walk into his office. Tell us a story of how you got to get the first franchise and ultimately own 125 stores, which I bet you wish you still owned them. Yeah, well, not really. LAUGHTER

Where the stock is today, no. I'm not a guy that go backwards. I want you to know that about me. When I do something, I sell it, I'm done, and keep moving. I'm never going to be going backwards. Only one time I went backwards. Can I tell you that story before I get to... We'll come back to Howard. Larry Bird and I were the best two basketball players in college basketball at that time.

And so when I won the national championship against Larry Bird, all the, I gotta always add that. The three shoe companies came to recruit me. So at that time it was Adidas, Converse, and then this new company called Nike. I've heard of them. Yeah. So Converse offered me the most money and then Adidas. And then this blonde haired dude, long hair,

came in from Oregon and said, "Hey, I can't offer you what Converse can offer you cash-wise, but I can offer you stock." I wish I was that Irvin, this Irvin Johnson back then. When you grow up poor, you take the most money. Peter.

They just ran analytics about how much money my stock would be worth today. A billion five. If I would have took that stock in 1979 all the way to now. Isn't that something? But again, I don't look backwards.

I mean, just to put this in perspective, the numbers I looked up, when you left the game, you had a net worth around $40 million. And today, it's at least according to the various LLMs, it's about $1.6 billion. You've had a 40x increase. Not bad. Not bad. Not bad. I could have had a little bit more, but I'm not going to go through that. So, we're playing Seattle.

And I always like to know who's sitting on the floor of the game from opponents because in case I want to meet somebody. Sure. So they said, oh man, Howard Schultz sits and comes to the Seattle Supersonic Games. And I was like,

I asked that PR person, what seat does Howard Schultz sit in so I can go over and say hi to him and introduce myself? So he told me the number. I ran over there, said, hi, I'm Irvin Johnson, da, da, da. I would like to, next time that we come back to Seattle, I'd like to come and take you to lunch. And he said, well, that'll be great, but you don't have to take me. I'm going to take you. I said, okay, yeah, you got more money than me. I get it.

So, came back to Seattle, got together with him, and we had an amazing lunch, and, uh,

I said, Howard, I built Magic Johnson Theaters and they're doing very well. We surprised everybody in the inner cities of America. Everybody thought no way they could be successful. Well, my first theater came in top 10 highest grossing theaters in the nation. Extraordinary. So it proved everybody wrong that you can invest in the inner cities and make money. Howard, I gave him the information about that.

So he said, let's get together the next time you come back. So went back up to Seattle. Sure enough, we talked about, I told him, I think Starbucks would perform very well in the inner cities. Latinos and African-Americans, we like coffee too, right? And sure enough, he said, let's take a look at it and see how you operate your movie theaters. He came down on a Friday. Whitney Houston's first movie was coming out, Waiting to Exhale.

And I had 500 black women wrapped around the corner to get in to see this movie. And we sold out every theater. And he said, wow. He saw the cash register ringing, making a lot of money. And then he finally got inside and said, wow.

You know, this is great. And I forgot to tell him that we go to the movies a little different than everybody else. And as soon as the movie started, every woman in there started talking to the screen. Girl, why you still with him? Dumb him. And sure enough, he pulled me out and said, Magic, I've never had a movie going experience quite like this. You got the deal. Now, why did I get the deal?

Couple of things. He saw what happened at the theater. Also, I drove him around the community. He saw these beautiful homes in urban America, well kept, and some successful people living in those homes, right? And then I had to go before the board. They signed off. And then the shareholders meeting probably the

the thing that I was most nervous about was the shareholders. They signed off and so sure enough, I built 125 Starbucks in 40 different markets across America and they all were very, very successful. I sold them all back to Howard. Yeah. And so,

We created so many job opportunities. And then the last thing we created. I think that was one of the most important things. I mean, you brought jobs to the markets you care about. And that's been a consistent part of your life. Yes. Over and over and over again. Bringing job opportunities as well as giving suppliers, women-owned and minority-owned firms, giving those suppliers contracts to deliver goods to us. Creating opportunities. That's right. Let's give it up for that. Yeah. Yeah.

And the only thing I had to change out was the music. You know, it wasn't going to work what they were playing in the industry.

So I had to bring in Lionel Richie, Earth, Wind & Fire, Michael Jackson. And so we had to tweak it. So you always understand your customer and how you can over-deliver to that customer. So we go on from there to Burger King, to TGF Friday, to Best Buy. What are the characteristics of a company that you would say, okay, I want to own a steak or I want to promote that company? Well, I think those were things that Burger King is a monster.

the headquarters in Miami, it was a situation where the owner had to get out. And so I could get the pennies on the dollar. I picked up about 40 of them. I was able to

take the bottom line of these Burger Kings and drive them up and sure enough I just resold them, made a lot of money reselling them. I would say the fitness was more that minorities needed that because we didn't have no fitness clubs in our community so it was a good thing to make sure that we had access to fitness clubs. They were making a lot of money as well but

it changed people's lives. Diet, the whole thing. Your connection to those opened it up as something that was accessible. That's right. And it proved to Fortune 500 companies that they can come into urban America and make money. That's also why I did it. And so I sold those back to 24 Hour Fitness. And, you know, so I'm all about how can I change urban America?

How can I create jobs in those same communities that I grew up in? And then show people that people of color can be successful businessmen and women. And I was able to do that. And athletes as well. Would you say that's your moonshot to really impact the communities around the world, up-level them? Oh, yeah, for sure. For sure. And we've been able to do just that.

through all the different businesses. And even real estate in Detroit. I mean, you went heavy on trying to, in the revitalization of Detroit. Yeah, and Detroit, of course, but Los Angeles, all over the country. I had a real estate fund. We did $300 million, then we did $600 million, then we raised a billion dollars to, again, it's all about real estate. How do we make sure that...

We either build hotels or build different businesses in those communities. But they all had to win because it's not just enough for me to build them, but they have to be successful because I want other minorities to come behind me. And I was able to do that, open up institutional capital to other minorities because they turned me down five times. Yeah.

OK, so when I went up to Seattle to raise money, people turned me down because they didn't believe in urban America. So I knew I had to be successful. Everybody, Peter here. If you're enjoying this episode, please help me get the message of abundance out to the world. We're truly living during the most extraordinary time ever in human history. And I want to get this mindset out to everyone.

Please subscribe and follow wherever you get your podcasts and turn on notifications so we can let you know when the next episode is being dropped. All right, back to our episode. Let's pivot to the Washington Commanders. So tell us the story there. Well, again, we have some background. First, I think.

NFL is a machine, and there's no league that can even keep up or even come close to the NFL, making money-wise the power that it gives you. And so this was an easy decision for me to make, but also, too, again, lacking minority ownership. So it was good for the NFL, good for the community in terms of Washington, D.C., or I should say the DMV.

And so we took this franchise that had been losing that previous ownership. It was tough. We took it. Now we've owned it for only two seasons. But look what happened. We drafted the right quarterback in Jaden Daniels. And this season, thank you.

We brought in 40 new football players, got rid of 40 and brought 40 new ones in. And we go all the way to the NFC Championship. So we are really set up to have a long run. The fans love the team again.

And so we're excited about building this organization into a Super Bowl contending team. But the one thing we had to do was the morale of the employees were low. So I told my team, let me talk to the employees. You guys are going to handle the business. So they all said something. But I said, I got to let them know that we're going to embrace them, that we're going to respect them, that we want to value them.

But we're going to become a world-class organization. Can you say, we have a lot of CEOs in the room here. Can you speak to the importance of having the CEO, the owners, truly uplift and unify an organization? Because I see sometimes organizations divided, sometimes organizations not performing at their peak. Did you bring those experiences forward?

basketball into the organizations that you're owning and running? Oh, for sure. You know, because you're only as good as your employees, right? Everybody's sitting here today. The business is still running while we're sitting here.

Each and every one of us. Right. So we know we got great people who work for us. So and, you know, they want to be patted on the back. They want to be valued. They want to be respected. So that's what we went in there to do to tell them that.

We are here for them and we will listen to them because they gave us some great ideas too. And so how to improve everything because previous owner didn't put a lot of money into the stadium, didn't put a lot of money into the team or the practice site. So we did all of those things and we just got a great grade from the NFL on how we improved everything. And so that was very important. So

We know that you want to bring some experts together who can do their job, but also when we need to, we've got to high-five them. We've got to say, "Great job."

And I believe in that because I come from team, from sports. And when you come from sports, that's what it's all about. But sometimes you also have to cut members of the team. Oh, yeah. Yeah. Yeah. I don't mind cutting them now. They're not doing their job. I'm going slicing dice. So you hold a high standard for them. And if they're not performing. I tell them all the time, you know, I'm driven to win. Yeah. And you have to do your job.

And if you're not doing your job, then I love you, but we got to get rid of you. And I think one of the problems is a lot of times people just want to hold on and hope. You can't do that. Can't do it. Listen, I'm the first one in. I get up at four o'clock every morning. You beat me. I'm up at five. So I work out for two hours and then I'm in the office all day. I'm going to set the tone for tomorrow.

My employees always have always will. Right. And then they buy into the vision that I set. Right. And so they know that winning is in my DNA and I'm going to do things right. And so they had to follow that. Every woman and man in here, all the employees follow them, you know? And so, uh,

I'm going to treat them fairly. I'm going to pay them and go out and hopefully win together. That's right. Well, we have to. We have to. I mean, we got executive teams. We got management teams, all of us. So we all got to win together. And then I don't have to come up with every strategy because I got great people. They can come up with strategies to help us win. Hey, we're going to roll with that strategy. I don't want to be the only smart guy in the room.

Magic, I'd like to turn to health next. We have a lot of people in the health industry here. And it's been 30 years since you went public with your HIV diagnosis. I'd like to take you back there. We're going to roll a quick video. Let's talk about it. First of all, let me say good afternoon. Because of the HIV virus that I have attained...

I will have to retire from the Lakers today. I just want to make clear, first of all, that I do not have the AIDS disease, because I know a lot of you want to know that, or the HIV virus. You're in your doctor's office. He comes out and he gives you his diagnosis, which for the last part of a decade has been a death sentence. What's going through your mind? How do you go home and tell your wife, Cookie?

I think that was the hardest part. First, I thought I had did everything the right way. So to... I'm going to answer that because I can tell the magic is right here. I could have told him you were busy. You was hanging with me. And so getting that news, it was devastating news, no question about it. And then, you know, you have to spend...

probably an hour just sitting there trying to comprehend this. I mean you're at the peak of your career. Yeah. The last thing you expect to hear. Yeah, last thing I expected to hear. We just been to three straight NBA finals. Amazing. And won two of those, lost that one and then I'm coming receiving this news and um. Your wife was pregnant. Yes with our son EJ. So the hardest thing Peter was

not me dealing with it, but actually going home to tell my wife. And we had just gotten married. She's pregnant. And as soon as I hit the door, she knew something was wrong. She already knew it. And she said, what's going on? And so I sat her down and I began to tell her I had HIV. And of course she started crying, not knowing what it meant for her and the baby. And so I'm letting her know

just really digest what I just told her and then I told her I could understand if you want to leave me and It took about five minutes for that to register to it. She stood up and smacked me outside my head True story and she said we're gonna beat this together and so That's just at that moment. That's when I knew I had a chance so That's that's amazing

You're a lucky man. Yeah, no, I understand that. And because support system to be anything like this, you need your support system. I needed her, my parents, my brothers and sisters. And so so we just got dropped to our knees and started praying. And then from that, I'm a I'm a guy who always got to know everything. So I started researching everything.

And I found out that Dr. Ho was one of the leading doctors in the world. And I called him up and went to see him in New York. And he really gave me a great regimen for me to... And drugs, but also educated me. He educated me about the virus and what it meant to me. And so here I am 33 years later. And I have to say...

You're looking amazing. I mean, compared to the video 30 years ago, I think you look even better right now. Everything is good. I get in that gym and take my meds. But the main thing was I got to give a lady who actually died.

And that was Elizabeth Glazier saved my life. So she... So as I was doing my research, I had Dr. Ho. But then she was the face of it at that time. And so I went to go see Elizabeth. And she told me, Irvin, you're going to be here a long time. Because there's so many great drugs coming down the pipeline. She said...

But I need you to do one thing and that's become the face of it and get involved. So I did that and not too long after that she passed away. And then I met Elizabeth Taylor who then was, that was her whole mission. And so we all, her and I partnered up and

We for 20 years we raised money for HIV and AIDS and and I'm still doing that today and It's been a blessing but what a journey and So you still you're still using the same antivirals. Yeah. Yeah, it's the same thing three drug cocktail nothing has changed Until dr. Ho tell me something to do something different and

But you and I said there's some great things coming, so I'm gonna lean on you too. - Yeah, sure. I know one of our speakers tomorrow, Lou Reese, has got a company called Kana Life, and it's a monoclonal. One of the biggest challenges, I don't know if you think about this, is the multi-drug resistance. The HIV virus continues to mutate. So being able to solve that, and there's some incredible research

Their particular monoclonal has been 100% resistant against all viral mutations. Beautiful. And so it's a cover of Nature this week. I think science is doing extraordinary things for humanity. Oh, yeah. In all areas. That's why it's so important, this conference. And let me thank all of you, because you've helped people like myself

live a long, productive life. And when you think about the science, you think about the doctors, you think about, I should say scientists, think about everybody coming together to help so many people around the world, not just here in America. It's been amazing. And just think about this. When I think about going back

33 years ago, AZT was the only drug. Just think about that. One drug, right? And now it's over 40, I think. I lost my best friend in the early 80s to HIV. If he'd just been able to hold on a little bit longer. Timing is everything. Exactly. There's a big debate right now about

in our political system about funding public research and public health right now. Is there a message you want to send people about that? No, listen. I don't get into politics, but I'm just curious if you want to... We have so many people who depend on that public funding. And this is not about Democrats, Independents, or Republicans. It's not about that. It's about life, right? So...

When you think about federal government, state government, the local government, we need that funding because a lot of people are going to be hurt and may die because they can't pay for their drugs. And so that's what this is about. So I don't want anybody to think that it's nothing other than we need to help these people. Listen, at this level of society...

With the level of abundance that we have, we owe a debt of gratitude and the ability to uplift everybody together. That's all it is. So I'm hoping that the funding is there, that we can continue to help people who can't afford to pay for their drugs and their meds.

I know I work with different organizations who supply the drugs for the people who can't pay. And it's been beautiful. I know we've done a lot of that work from the Magic Johnson Foundation as well. So we hope that we get that funding. It's going to be important. And man, we just got too many resources to not help people. Yeah.

We got to all be about that. How do we help people? How do we give back to people? How do we help communities? That's what America is built on. It's what gives life meaning. At the end of the day, no one gets points for dying with the most money. You get points for supporting and uplifting the most people. Exactly. See, we're dealing with that.

I'm still dealing with the LA fires. So I have two last questions. I have two last questions. Let's dive into that one. So Governor Newsom just appointed you to help revitalize LA. So I'm still out of my house. We live in Santa Monica, Palisades border. We're one of the lucky ones. Our house is still standing. But we're going through two months of remediation. And

an incredible, incredible damage. I'm very proud. One of my organizations is called the X Prize and put up these large cash prizes to solve problems. We've got one for reversing aging 20 years, which I hope we'll all benefit from. And we have an $11 million prize for wildfire detection and extinction. And to win this, teams have to monitor a city or region. And if you see a fire that's two meters or bigger, if it's bigger than you, right? Right.

Or it's moving, put it out within 10 minutes automatically. What's your vision for where L.A. is going? I'm curious. I live there. I think that when the governor called me and wanted me to help, he had had somebody who was going to handle Pacific Palisades. He wanted me to deal with Altadena. And it's...

probably 80% African American community. And what he was concerned about was those people were selling their land. People were taking advantage of them. Their land is worth millions and millions of dollars, but they were selling it only for a couple hundred thousand.

They're scared. They're scared. Don't have anything. So what I did was a couple PSAs to tell them to hold on to their land, get what it's worth, and if you're going to sell it,

Make sure you know what it's worth and get that money. Right. And so these are things that we're talking about. And then so many other things that they need, clothes, food. So we're dealing with all those things. So I love giving back, man. Listen, I've been blessed over and over and over again. Now, my whole mission is like in life is how do I bless other people? And so, yeah.

These fires have just devastated, what, four or five communities. And I'm going to get to work and try to help those people as much as I can. And I've always been involved anyway. So this is just another thing that I'm going to be involved with. I want to close out on a combined question.

You're going back to a younger version of magic. What advice would you give yourself as a kid in your career here? The other is you got so much from your parents, from your mom, your dad, work ethic, the, you know, attention to detail.

all of those things. What advice do you have for parents? I have two 13-year-old boys. I'm always looking for great advice. Can you talk about advice you'd give to yourself and what advice you suggest to parents today? Well, you know, listen, I got three kids, two grandchildren now, right in at age 16 and 13. And

You know, I, it's so funny, you know, we come to dinner and all five of them have them cell phones. And I make them go all the way back out the door. Go back, put them cell phones up. You're going to give me two hours. Because if you go in restaurants now, nobody's talking. Right? You look at every table. When we used to have a great time at restaurants, nobody was on cell phones. You know, they was just talking.

And so I tell my kids, I just want to know what you've been doing, how you're doing, how school's going, on and on and on. And it's the hardest thing to rip out of my kids. Yeah, yeah, well, I got a rule. When we go on vacation, they got to leave them. Yeah, good for you. They just got to leave them. And so, and what happens? Everybody is talking. Playing games, having fun. Yeah, two hours, you can give me two hours. You know, so, oh, you want to be on this vacation? Oh, you going to give me two hours. Right.

I know how to get them. Oh, you think you're going out tonight? It's only one credit card in this family. And so they say, okay, dad. And then they turn out, they love it.

And now they do karaoke nights with each other and we're sitting there. See, we got to bring us back to the family. And so that's been good. And when I think about how I grew up and listen, I was so blessed. We were poor, but we never knew we were poor because there was so much love in the house. And my parents always encouraged us to

Dream big, but you need an education and education can take you anywhere you want to go and so all of us I have four of my sisters are teachers right and they love to teach give back to the kids and When I think about I never regret anything. I never look back. My childhood was excellent because I had my parents and My father I took his work ethic and

And he worked for General Motors for 30 years, never missed a day, never was late. And guess who's built just like him? My love here told me what time to be here. I was early. I'm always going to be early. I get to every meeting an hour ahead of time. And I'm a very disciplined man. And then I got my mother's smile. And I got her heart.

Yes, you do. So my mother taught us. This is Peter. I couldn't believe this. So we're lining up for dinner. And when you got 10 kids, wow. So my mother would go around from everybody's plate and take a spoon from everybody's plate and make four or five other plates. Mm-hmm.

She would then put them, wrap them up, put them in bags, said, Junior, she called me Junior, go deliver these to the lady across the street. She's 75. She can't cook for herself. Go down the street, deliver this one. And I said, Mom, we don't even have enough. You're going to go and learn that you have to give back and help people. So she taught me that as a little boy. So what am I doing now?

helping people, giving back because of my mother. And so I just want to say to all of you, thank you for your heart. Thank you for what you do. Leaders in this country doing great things. Not only, it's like the double bottom line, right? I believe in that you can make money

but also too, you can make an impact on giving back. And that's the double bottom line to me. So continue to do what you're doing. Ladies and gentlemen, let's give it up. Everybody, thanks for listening to Moonshots. You know, this is the content I love sharing with the world. Every week I put out two blogs, a lot of it from the content here, but these are my personal journals, the things that I'm learning, the conversations I'm having about AI, about longevity, about the important technology transforming all of our worlds.

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