The star reviews the moment he let the business of his life pass him by because of a poor business outlook. “When you don’t have money, you don’t know,” he lamented.
Magic Johnson reviews anecdotes of his life on a podcast and was surprised to regret the moment where He missed an unparalleled business, before becoming a billionaire and only for not accepting a simple offer made to him. The star that shone in the Los Angeles Lakers with five NBA trophies until the mid-90s tracked down the facts at the end of the ’70s, when he was recently crowned in the university tournament as a Michigan State figure.
“I recently won the national championship against Larry Bird and three companies came. Converse, Adidas and Nike. Nike is only a year or two old since its founding. So Converse offered me more money. When you grow up poor, take the money. Then Pgil Knight (CEO of Nike) came along and said: ‘Hey, I can’t offer you the same money as them, but I can offer you shares‘”, he reviewed in his dialogue with All The Smoke.
”I do not know about! And my family didn’t come from a rich background either. That’s what sometimes hurts us, when you don’t have money, you don’t know… I I don’t even know what the actions are at that moment. So I refused them”, reviewed Magic, who didn’t expect that either then the company will explode in the market, especially in 1984 when he was able to add Michael Jordan. But the bombshell came when they asked him how much those shares would represent today: “five billion dollars”. The figure stunned everyone.
Magic Johnson and his revenge as a businessman
The idol of the Lakers and a member of the Hall of Fame today part of the business group that bought the NFL’s Washington Commanders in April for 6.050 million dollars. He also participates in parts of the Los Angeles Dodgers of Major League Baseball; Los Angeles FC of the MLS and Los Angeles Sparks of the WNBA. In addition, its businesses include entertainment industry, the real estate market and retail trade.
Source: Tycsports
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