Magic Johnson’s name has long been synonymous with excellence. Since his shocking HIV diagnosis in 1991, the point guard has transformed himself from a legendary athlete into a beacon of hope and an advocate for HIV awareness and treatment through his organization ‘The Magic Johnson Foundation’. Now, the former Los Angeles Lakers veteran has shared a personal note.

The 65-year-old recently took to his Instagram to share the news of his latest investment of $31 million with the company ‘Alchemy‘ and also gave a reason that why this investment is so important for him. “Investing in Alchemy is deeply personal, not only as a person living with HIV, but because I’ve witnessed firsthand the devastating impacts of HIV in our communities. Alchemy’s commitment to eliminating barriers to care and serving the underserved through building and operating in-house pharmacies for HIV clinics is a mission I’m proud to support!” wrote Johnson in the caption.

So what is Alchemy? The San Franciso based company was founded in 2023 with the aim of providing services to pharmacies for Federally Qualified Health Centers and STD clinics. However, the company is primarily focused on educating people about the cause and prevention of diseases like HIV and Hepatitis b. Interestingly, the company has spent more than eighteen years working in Africa to set up HIV programs and pharmacies that provide prescribed medications to the needy and poor from the US.

The capital raising process for ‘Alchemy’ was initiated by the finance firm ‘Andreessen Horowitz’ (aka A16Z) and the investors of this project included Magic Johnson, Sandberg Bernthal Venture Partners, Banc of California, Twine Ventures, Springbank, and AlleyCorp. From the moment Johnson announced his HIV status to the world, he has been on a relentless quest to change the narrative around the disease. His foundation provides free HIV tests to over 250,000 individuals. Even the former president of the United States had also praised Johnson for his philanthropy. “They didn’t just help raise research dollars or educate the public. They moved us to think in an entirely new way about a condition affecting millions of people around the world — changing attitudes with the kind of grace and encouragement that only true leaders can display,” read the letter written by Obama to Johnson.

In a world where celebrity charity often makes headlines for a day and fades away, Magic Johnson’s commitment to the HIV cause stands out. However, charity towards HIV isn’t the only philanthropic word that the former point guard had done over the years.

Other Charity works by Magic Johnson

While Magic Johnson is renowned for his tireless work in combating HIV/AIDS, his philanthropic efforts extend far beyond this cause. He has been involved in various charitable initiatives that address a range of social issues.

Over the years, the Magic Johnson Foundation has made significant feats in the charity field. It has raised over $20 million for social causes and allocated about $4 million towards scholarships for backward communities. Not only this but Johnson had also played an important role during the lockdown in 2020 due to Covid-19. He had supported many women and minority owned businesses who were having a tough time to make their ends meet.

Th point guard collaborated with MBE Capital Partners to provide a loan of $100 million to the businesses. He has been a vocal advocate for policies that promote sustainability and address issues of social injustice. It can be said that through his foundation and personal efforts, Johnson has worked to create a more equitable and just society for all.