
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.

Beyoncé and Jay-Z's Hospital Security Blocked NICU Access for Father of Premature Twins
A father was denied access to see his premature twins in the NICU when Beyonce and Jay-Z had their daughter at the same time.

Morgan’s Wonderland, the world’s first ultra-accessible amusement park
Gordon Hartman was heartbroken when his special needs daughter, Morgan, was rejected by a group of children playing by the hotel poolside. He then set out to build a place where all children can play together. This led to the development of the world’s first ultra-accessible amusement park, Morgan’s Wonderland

New York installs first offshore wind turbine to power 70,000 homes
New York State has achieved a historic milestone in its clean energy transition by installing the first wind turbine at its first offshore wind farm, South Fork Win.

Water park in japan, ocean dome: Largest indoor water park in the world
The Seagaia Ocean Dome, located in Miyazaki, Japan, was the biggest indoor waterpark in the world. An "Ocean" six times the size of an Olympic pool, filled with 13,500 tons of unsalted, chlorinated water kept heated at 28 degrees Celsius and recognized as the largest simulated pool by the Guinness Book of World Records, measures 12,000 square meters of the sandy beach made from 600 tons of stone.

Timothy Ray Brown, who inspired millions of HIV-positive people, died of leukemia
Timothy Ray Brown, also known as "The Berlin Patient," was the first person to be HIV-free. He was diagnosed with leukemia in 2006 and had a bone marrow transplant in 2007 as part of his treatment. The transplant helped him overcome the otherwise incurable disease thanks to the rare, HIV-resistant donor.

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.

Self-taught William Kamkwamba built a windmill for his town
A Malawian teenager who taught himself how to build a windmill out of junk and bring power to his village. He then went on to build a second, larger windmill to power irrigation pumps. He did this all from books he read in the library.

China Weather Control on 2008 Olympics with missile
One thing is certain: when it comes to ensuring nice weather for the world's largest party, the Chinese cannot be accused of being subtle. The Chinese government authorized the use of 1,104 cloud seeding missile launches from 4:00-11:39 p.m. on Friday night to reduce the possibility of rain ahead of the 29th Olympic opening ceremony in Beijing

Aitzaz Hasan, Pakistani school boy who sacrificed his life from suicide bomber
Aitzaz Hasan, a 15 year old Pakistani school boy, sacrificed his life while preventing a suicide bomber from entering his school of 2000 students. His father said "My son made his mother cry but saved hundreds of mothers from crying for their children."

Drive-Thru Weddings in Las Vegas: The Ultimate Fast, Fun, and Legal Way to Say “I Do”
Inspired by fast food convenience, Las Vegas offers drive-thru weddings where couples can legally marry in under 5 minutes—without leaving their car. Some chapels even offer curbside Elvis impersonators and 24/7 ceremonies, complete with “to-go” marriage licenses.

ILOVEYOU Virus, the worst computer virus of all time
The ILOVEYOU Virus, also known as Love Letter for You or Love Bug, had a high infection rate due to its ability to spread itself by copying entries from users' email address books. It is a virus that was created in 2000 by a college student in Manilla, Philippines, and was recognized by the Guinness Book of World Records as the worst computer virus of all time, causing more damage than anything before it.

A subway in Chongqing passes through a building (images)
A train has been constructed through an apartment complex in Chongqing, China. The 19-story residential structure is not only passed by the light rail passenger train, but it also serves as a transit stop. Apartment residents can simply get a ride from the sixth to eighth levels.

Whang-od Oggay, The legendary tattoo artist from the Philippines
This is Whang-od Oggay, a 106-year-old tattoo artist from the Philippines. She is often described as the last and oldest Kalinga tattoo artist, and has been performing the traditional art of hand-tapped tattoos since the age of 15

LEGO Braille Bricks: Revolutionizing Braille Learning Through Play and Inclusion
go Braille Bricks were launched in 2020 to help visually impaired children learn Braille through play. Each brick features the Braille alphabet and is fully compatible with standard Lego sets, allowing sighted peers to join in, fostering inclusivity and collaboration in learning environments.

Story of Forrest Fenn and who he hid a bronze chest treasure full of gold and other jewels
Forrest Fenn, an art dealer, hid a bronze chest full of gold and other jewels somewhere in the Rocky Mountains ten years ago. In a poem, he hinted at its location. Thousands of people tried and failed to find the treasure, which is said to be worth over a million dollars, and at least four people died in the process. In June 2020, the Fenn treasure was discovered.

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.

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.

The Inspiring Journey of Francis Tsai, Marvel Comics artist diagnosed with ALS
Francis Tsai, an American illustrator and conceptual artist who worked for Marvel Comics, was diagnosed with ALS in 2010. After he lost the ability to move his hands and arms, he started painting digitally on his cellphone with his right big toe. After he could not move his feet anymore, he began using eye-gaze technology to keep drawing.

Oreo builds asteroid-proof bunker to protect its cookies and recipes
In October 2020, Oreo builds a concrete bunker in Svalbard, Norway, to protect their recipes in case of an asteroid impact. The vault also contains Oreos wrapped in Mylar and vials of milk powder.

Smart girl saves her family more than 100 people in 2004 tsunami
In 2004, a 10-year-old girl saved her family and 100 other tourists from the Asian tsunami because she had learned about the giant waves in a geography lesson, it has emerged.

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.

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.

Unique Dining table with a hole for your cat to peek and join you dinner.
Dinos, a Japanese internet shop, has launched a new range of cat furniture, which includes this oak table with a hole in the middle and a perch underneath. It places your cat companion in the center of the table, making your cat the main focus of your meal, as it should be, because cats are the true proprietors of “your” home.

Max Headroom Incident: America’s Creepiest TV Hack
In 1987 a man hijacked a television station during an episode of Dr. Who and wore a Max Headroom mask and uttered nonsense, and he still hasn’t been caught

Woman had no idea she had an identical twin until she saw a 'lookalike' on YouTube
When Anais Bordier saw a YouTube video of Samantha Futerman, who looked exactly like her, she messaged her on Facebook and discovered they were both adopted and born on the same day. They were identical twins who had been separated at birth and had found each other by chance and on social media.