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.
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.
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.
A flight attendant uses a secret note to save a teen girl from sex trafficking
The flight attendant Shelia Fredrick. She spotted a distressed girl with an older man. She left a note in the restroom on which the victim wrote that she needed some help. The girl was rescued from a human trafficker after the authorities were informed.
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.
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
This whale tail sculpture saved a train that went off the rails
A train in the Netherlands failed to stop in time and broke through the emergency barrier. It's being held up by the statue of a whale's tail.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Troy Leon Gregg: the death row inmate murdered the same night he escaped
In July 1980, Troy Leon Gregg escaped from Georgia State Prison the night before his execution. However, he was killed in a fight in a bar just a few hours later.
Abraham Crijnssen – The Ship That Disguised Itself As An Island
During World War II a Dutch minesweeper evaded the Japanese for eight days disguised as an island. The crew covered the decks in cut trees and painted exposed surfaces to look like rocks. They moved only at night and anchored closed to shore by day, eventually escaping to Australia.
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.
The incredible story of a plane that lost its roof in mid-flight and the light signal that saved 94 lives.
On April 28, 1988, Aloha Airlines flight 243 was on the way to Honolulu from Hilo when a huge portion of the upper part of the fuselage blew off the airplane.
Australian man dies, comes back to life, and wins the lottery twice
Bill Morgan, an Australian, is a man who has beat the odds. He escaped death by surviving a horrific automobile accident and heart attack before collapsing into a coma and going on to win the lotto twice. He went from losing virtually everything to winning far more than he could have imagined.
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.
Couple reunites after 60 years apart
A Russian couple were reunited after being separated for 60 years. They were married for 3 days when the husband left to join the Red Army. They were unable to find each other until 60 years later when they randomly visited their hometown on the same day.
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.
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.
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.
