Magic Johnson’s $5.2 billion dollar mistake 😭

Magic Johnson turned down a Nike deal in 1979, which would now be worth $5.2B, to sign with Converse.

#nba #magicjohnson #nike

[junpeif]

If he made a different choice, then a different outcome will follow it.

[balln]

Hindsight always 20/20, he took the safe option as opposed to the unknown option.

[TradewithMoneyMitch]

If Magic made Nike boom, Would Jordan have signed ?🤨🧐

[sackchaser]

In an alternate universe I’d be wearing my Air Johnson 4s rn

[chrisgarcia]

ask Magic how Starbucks did for him he'll be ok

[SquiDy-tqey]

He still has 620 million dollars tho 💀💀💀

[djoseph]

Magic worth over $600 mill, 5.2 bill is a lot more but I doubt it haunts him that much

[JC-huwg]

If he had gone to Nike, he would have lost one of his best friends. Because during the filming of that Converse Ad, was when Larry offered him lunch with his mother and met Ervin. The rest is history. A lifelong friend is worth more than any stock.

[clayton]

You make choices and never look back

-Han

[Tulisan]

He traded those billions to gain immortality.

[jasonmalin]

Holy moly😳🙌😬he's a great business man so he still made alot

[Herbie]

Jordan chose stock options and even gave Barkley advice to do the same. Always go for stock options

[LaburieI]

Its still a risk during that time. Nike was 3rd best shoe brand during that time and almost got bankrupt.

[theguy]

Somehow i feel like thats not the decision that haunts him til this day

[angusdog]

Damn you know Nike would still be making magics shoe had he signed with them. It'd be Magic Brand AND Jordan Brand.

[Ravlog_]

I really don't think it haunts him😂

[RSHjr]

That man lost out on $5.2 billion and still became a billionaire after the fact lol 🤩

[jimmyfabian]

He technically could’ve invested that money into Nike right ?

[blackjesus]

Magic made the right decision. MJ 🐐. 🙏🏾

[richardferreira]

He’s not hurting (today) he missed out
2, 5 billion dollars. He didn’t lose money,
He didn’t have the 2.5 billion and he’s doing good. With other things he is AOK. Never knew that story before
Thank You