In 1979, Magic Johnson chose Converse’s $100K over Nike stock. Nike had offered him 100,000 shares $1 per shoe royalty. After splits & growth, those shares alone would be worth $5.2 billion today Magic still became a billionaire… but it might be the most expensive “no” in NBA history. | The Real Oshow
In 1979, Magic Johnson chose Converse’s $100K over Nike stock…
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