
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.

'Super obedient' lookout parrot trained by Brazilian drug dealers is seized by police
In 2019, police in Brazil seized a 'super obedient' lookout parrot trained by drug dealers. According to reports, the bird had been taught to alert criminals to police operations by shouting: "Mum, the police!" As soon as the police got close, he started shouting.

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.

The fearless Annie Lee Cooper
Annie Lee Cooper was fired in 1963 after attempting to register to vote. She attempted it once more in 1965, but the sheriff ordered her to leave after prodding her in the neck with a club. She then punched him, causing him to fall to the ground. She was imprisoned before ultimately registering to vote. Following the passage of the Voting Rights Act, the sheriff was ousted and subsequently imprisoned for collaborating to transport drugs, but Annie Lee Cooper lived to reach 100 years old and bears her name to this day.

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.

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.

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.

Hyperinflation of the Zimbabwe dollar turning phasing out their local money in 2015
Hyperinflation of the Zimbabwe dollar made it one of the lowest valued currencies in the world. So the country abandoned it in 2009, and switched to using foreign money. In 2015, to complete the process of phasing out their local money, the government offered to exchange it at a rate of one US dollar for 35 quadrillion Zimbabwean dollars.

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.

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.

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.

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.

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.

Man's Blood Helped Save Millions of Babies
Australian blood donor James Harrison has been one of our most impressive and valued donors, having donated for 60 years. Know his story, how he was a pioneer of our Anti-D program, and why this matters.

stranded hikers rescued by a life-saving iPhone feature
Stranded hikers were rescued by a life-saving iPhone feature that an awful lot of folks don't know a lot about.

The beauty and uniqueness of Fukang Meteorite
This Fukang meteorite is around 4.5 billion years old and weighs more than 2,000 pounds. It was discovered in China in 2014 and is assumed to have formed when our solar system initially formed.

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.

Longest burning light bulb, The centennial light bulb in livermore, California
The world's longest lasting light bulb holds the Guinness World Record, and has been illuminating local fire stations in Livermore, California since 1901, the year Queen Victoria died.

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.

Man uses first-class ticket to eat for free at airport's VIP lounge for almost a year
A Chinese man purchased a First Class Ticket, which included admission to a VIP Lounge with free food. Over the course of a year, he rescheduled over 300 times in order to receive over 300 free dinners. When questioned, it was discovered that he is rescheduling his reservation to another date after eating. He eventually cancelled the ticket and got a full refund.

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.

A woman who had been lost since she was a newborn 51 years ago was said to have been spotted
A woman who had been lost since she was a newborn for 51 years was reported to have been sighted.

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.

Kipekee, the world's only spotless giraffe, was born at Brights Zoo
The world's only spotless giraffe was born at a zoo in the United States. The giraffe born without spots on July 31 is the only one of her kind on Earth.

Smart guy brings life-sized cutout of his late mother to his graduation
Even though that his mother passed away in 2016, a young man had a clever idea to make a life-size cutout of her and bring it to the event so that she could attend his graduation ceremony.

The accidentally discovery of Riace bronzes
Stefano Mariottini was snorkeling off the coast of Monasterace near Riace in 1972 when he noticed a human hand sticking out of the sand and called the police, thinking it was a corpse. It was actually two statues of "Warriors from Riace" - 5th century BC Greek bronze statues.