
Years ago, Magic Johnson had the opportunity to become a billionaire, but early in his NBA career, he turned down a lucrative offer that was actually a disguised offer. The legendary basketball player recently confessed that he is still furious with himself for foolishly pursuing quick money when he had no concept of the long money game.
Johnson appeared on the “All The Smoke” podcast on Saturday (Jan. 14), and in a video that was shared on social media, he talked about his career both on and off the court. Johnson shot to fame after the Los Angeles Lakers selected him in the 1979 NBA Draft. The 6′ 9″ basketball star helped usher in the team’s “Showtime Era” alongside Kareem Abdul-Jabbar, James Worthy, Byron Scott, and others. Additionally, he did something no one else has ever done: he helped them win the NBA Championship in his rookie season. He was immediately in demand, and businesses flocked to him in an effort to sponsor him as an athlete.
The Naismith Basketball Hall of Fame inductee recalled, “Here I am just winning a national championship against Larry Bird, and three companies came in—Converse, Adidas, and Nike.” The three-time NBA MVP went on to say that Nike was only a few years old. Converse consequently made me the highest offer. As a result, you take the money when you’re poor.
The business tycoon previously disclosed that Converse offered him $100,000 for each year of his contract. However, he would not receive any cash up front as a result of Nike’s offer. He recalled that Phil Knight, a co-founder of Nike, entered the room and said, “Hey, I can’t offer you the same type of money, but I can offer you stock.” According to Cassius, Nike was prepared to give him $1 for each pair of shoes sold as well as 100,000 shares of the company’s stock. One share was worth about $0.18 back then, which is nothing in comparison to its current value of $128.85.
Johnson sighed in frustration, his hands on his head, and gritted his teeth. The retired legend remarked, “I wasn’t [trying to hear that] and I didn’t know nothin’ about it. “My family was not well off. When you don’t come from money, that is one thing that can hurt you. I didn’t even know what stocks were back then. I avoided the stocks as a result. Can you imagine what that stock would have been worth today in 45 years, $5 billion,” he continued.
He made light of the choice while on a promotional tour for his Apple TV docuseries, “They Call Me Magic,” last year. “Every time I consider that, it kills me. The wealthy businessman remarked, “Man, Michael Jordan would have been making me so much money. Johnson has still amassed a fortune through his various endeavors and has continued to be a prominent figure in the sports world, despite possibly missing out on a ton of money.

Toddler Calls 911 Accidentally and Saves Dad's Life
A father from Florida collapsed on the floor during a medical episode. Fortunately, his toddler son dialed 911 by accident and saved his life. An officer from the Hernando County Sheriff's Office arrived quickly and administered first aid before transporting him to a nearby hospital.

The Crystal Maiden of the Actun Tunichil Muknal Cave
Located in Belize, there is a cave where the remnants of ancient Maya human sacrifices can be witnessed. However, reaching the back of the cave system requires swimming, wading through a cave river, and crawling through narrow, uneven rocky passages in darkness. Once there, visitors can walk among the numerous corpses of sacrifice victims, including The Crystal Maiden, an 18-year-old whose skeleton has become calcified to the point of sparkling.

A Pilot Survived 20 Minutes Outside A Flying Jet
In 1990, the captain of flight 5390 Timothy Lancaster got sucked out of his own plane when the window of the plane fell off. The crew held the captain’s leg for 30 minutes while the plane performed emergency landing. Everyone survived.

Passenger with No Flying Experience Lands Plane in Florida: A Real-Life Aviation Miracle
A passenger with no flying experience landed a twin-engine plane in Florida after the pilot died mid-flight. With guidance from air traffic control, he safely touched down—a real-life aviation miracle caught on radar and radio.

Elvita Adams jumps from the Empire State Building and amazingly survived
Elvita Adams once tried to commit suicide by jumping off the empire state building. She Jumped from the 86th floor but was blown back to 85th floor by a strong gust of wind.

Tourist in China left hanging from 330-ft-high glass bridge as wind blows away its panels
The popular tourist attraction glass-bottomed bridge was shattered after a strong wind blew away its panels. A Chinese tourist was left stranded in strong winds 330 feet up on a glass-bottomed bridge.

The actions of a 7-year-old girl protected her mother from bullets
A 7-year-old girl jumped in front of her mother to save her from a man who was attempting to kill her in 2007. She was shot six times and survived, as well as saving her mother.

JBJ Soul Kitchen: Bon Jovi's community restaurant
JBJ Soul Kitchen is a community restaurant by Jon Bon Jovi with no prices on the menu; customers donate to pay for their meals. If you are unable to donate you may do volunteer work in exchange for your family’s meal.

World's largest iceberg breaks off Antarctica
In 1986, the iceberg known as A23a broke away from the Antarctic coast. However, it quickly grounded in the Weddell Sea, effectively turning into an ice island.

Estonians save a wolf from the ice by mistaking it for a dog
Two young construction workers in Estonia discovered what they thought was a dog caught in a frozen lake. They carried it to their car and brought him to an animal shelter, not realizing it was a wolf.

The Man Who Kept a “Gold” Rock for Years—Only to Discover It Was a 4.6-Billion-Year-Old Meteorite Worth a Fortune
A man cherished a heavy 17-kilogram rock for years, believing it to be solid gold. The surprising twist? Experts later revealed it was a rare, 4.6-billion-year-old iron meteorite—an ancient cosmic relic worth far more than gold. Dive into the fascinating story of this celestial treasure and what makes it so valuable.

Before Hollywood, Christopher Walken Was a Teenage Lion Tamer with a Lioness Named Sheba
Before acting, Christopher Walken worked as a lion tamer in a circus at age 16. He performed with a lioness named Sheba and described the job as surprisingly calm—just another day before Hollywood stardom.

Baby Lynlee 'born twice' after life-saving tumour surgery
Baby Lynlee was "born twice." First, surgeons brought her out of the womb to remove a spinal tumor. After the successful surgery, she was placed back and born again as a healthy baby girl.

How Being Bugs Bunny Helped This Voice Actor Out of Coma
Mel Blanc; the voice of Bugs Bunny, had been in a serious car accident that put him in a coma. After many unsuccessful attempts to get him to talk, a doctor asked “Bugs, can you hear me” Mel responded in the voice of bugs bunny, “Whats up, Doc? The doctors used this to lead him out of his coma.

The WWII Parachute Wedding Dress
Major Claude Hensinger jumped out of a B-29 bomber during World War II when the engine caught fire. He was saved by his parachute. Later, he requested that his fiancée Ruth make him a gown out of the same parachute. The dress is now on display at the Smithsonian Institute.

'Press Your Luck' Was Hacked in 1984 by an Ice Cream Man
in 1984 an contestant made it onto the game show Press Your Luck. He discovered using his stop-motion VCR that the presumed random patterns of the game board were not random and memorized the sequences. On the game he was on, he won 45 consecutive spins. winning $110,237 in cash & prizes.

Kenyan Innovator Creates Smart Gloves That Translate Sign Language Into Audible Speech
In 2023, a Kenyan inventor Roy Allela invented smart gloves that can convert sign language movements into audio speech, for his six years old niece who was born deaf.

chand baori stepwell in Rajasthan India, Ancient cooling technique
This Chand Baori stepwell in Rajasthan, India is over 1200 years old. It’s called Chand Baori. The air at the bottom of the well is 5-6 degrees cooler than at the surface, so in addition to being a water source, it was used as a community gathering place where locals could escape the heat.

People are freaked out because they keep finding 'help me' messages under the cap of Sobe bottles
With their bottle caps that said, "Help me, I'm trapped in SoBe factory," SoBe Beverage discovered the hard way that forced labor is serious business. This is an example of when humor can be overdone.

Mystery of 300-year-old mummified mermaid is being probed
There is a 300-year-old mummified mermaid with 30 centimetres tall and features a human-like head, two hands with what appear to be fingernails, and its lower body that look like a fish tail. The “mermaid mummy” is being probed by Japanese scientists in an attempt to unravel the mystery of its existence.

Man Trapped in the Sahara Desert Constructs a Bike From His Broken-Down Car to Save His Life
A man who became lost in the desert disassembled his broken-down car and turned it into a functional motorcycle, which he used to escape.

Why Is the N Lowercase in 7-Eleven?
7-ELEVEN is thought to have a lowercase "n" in its logo because the company president's wife believed that a logo with all caps would seem harsh, while a lowercase "n" would make it more graceful.

From Ocean Trash to Trendy Kicks: Adidas Sells 1 Million Eco-Friendly Shoes Made from Plastic Bottles
Adidas has sold over 1 million eco-friendly shoes made from ocean plastic. Each pair reuses the equivalent of 11 plastic bottles

Woman survives skydiving accident, discovers she's pregnant
2005, a woman performing her first solo skydive jump survived a parachute malfunction which caused her to slam face first into a parking lot at 50 MPH. During surgery doctors discovered she was pregnant. She made a full recovery and the baby was fine.

Neerja Bhanot, the braveheart flight attendant was never run away from a crisis
Neeja Bhanot, a 22 year old Indian flight attendant who helped hides 41 American passports aboard a hijacked plane. She died shielding three children from gunfire and was posthumously awarded bravery medals from India, Pakistan, and the United States.