Final answer:
There is no record of an actor serving two terms as president of the Academy of Magical Arts. However, Ronald Reagan, a Hollywood actor, did serve as the president of the Screen Actors Guild before entering politics and eventually becoming the governor of California and then the 40th president of the United States.
Step-by-step explanation:
Actor Turned President of the Academy of Magical Arts:
While several actors have been involved with the Academy of Magical Arts, the question appears to be misinformed as there is no record of an actor serving two terms as president of this specific organization. However, when discussing actors with significant roles in organizations and political careers, Ronald Reagan is a notable figure. Ronald Reagan was a leading Hollywood actor and later became involved in politics, serving as the governor of California and eventually the fortieth president of the United States. He was known for his roles that often reflected traditional values and his transition from a popular cultural figure to a significant political one. Reagan's career path took him from an active role in the Screen Actors Guild, where his political views shifted from liberal to conservative, to becoming a spokesperson for conservatism and entering the world of politics as a governor and then as president.
While this response addresses the broader involvement of an actor in leadership roles within professional organizations and politics, it cannot confirm the initial question, indicating a possible confusion or mix up of organizations or roles served by an actor.