
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.

Photos: This man sold everything 45 years ago to buy a bike and travel 6,000 miles from India to Sweden to see his love.
An Indian man traveled from India to Sweden on a bicycle to meet his Swedish wife in 1978. The journey took him 4 months and through eight countries.

A little girl survived a 1-hour submersion in freezing creek water
On June 10, 1986, two-and-a-half-year-old Michelle Funk fell into an icy creek and was submerged for 66 minutes. When rescuers pulled her out of the water, she was not breathing, had no pulse, and appeared lifeless. The doctors used various techniques to rewarm her blood and bring her back to life. She was successfully resuscitated and went on to lead a healthy life.

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.

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.

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.

Billy Ray Harris: A Story of Kindness and Honesty
In 2013, a homeless man named Billy Ray Harris discovered a $4,000 engagement ring in this cup. A woman had dropped while giving him some change. He returned the ring to her two days later. To thank him for his honesty, she set up a fund with the goal of raising $4,000 for him. It earned more than $185,000.

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.

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.

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.

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.

Apple Watch saves a 78 year old man from life threatening fall
An Apple watch saved the life of a 78-year-old man from North Carolina. When the man was unconscious and collapsed on his driveway, his Apple watch quickly sent an alert to emergency services.

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

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.

A man who has been suffering from headaches for nearly six months discovers chopsticks lodged in his brain
When it was discovered that a Vietnamese man with headaches and vision problems had chopsticks lodged in his brain, the doctors were almost as surprised as the man himself.

Croatian teenager wakes up from coma speaking fluent in German In 2010
In 2010, a Croatian teenager awoke from a coma to discover she could no longer speak Croatian but was fluent in German, a language she had just recently begun studying at school in the United Kingdom. reports in the press

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.

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.

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.

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.

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."

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.

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

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.

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.

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.