Magic Johnson Talks About Choosing Converse Over Nike: ‘I Would Have Been a Trillionaire’

You win some you lose some.

During a recent press conference, Lakers legend Magic Johnson spoke about regretting his Converse deal and speculated how much money he would have had today if he had signed on Nike’s dotted line.

“Now, I’ve never heard of stock at 19-years-old. So, you take this money, I gotta take this cash,” he said. “Man, I would have been a trillionaire by now. If you think about—in 1979! Gettin’ that stock then! And what it’s worth today!? Yikes! It kills me every single time I think about that. You know, like, man, Michael Jordan would have been making me so much money,” he added as the crowd laughed.

Magic Johnson telling us about passing on the Nike stock and taking the cash with Converse. #WinningTimeHBO #WinningTime pic.twitter.com/40EBT0rE9J

— New name same Beanz (@BeanzGotGamez) April 11, 2022

It’s estimated that the Lakers legend lost out on a $5 billion payout.

Luckily for Magic he was able to land on his feet without the Nike contract.  Can’t blame him for his decision.

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