Magic Johnson is now a billionaire, decades after turning down a Nike deal that could have netted him $5B

Mon, 10/30/2023 - 10:36

Basketball icon Magic Johnson has been declared a billionaire by Forbes.
He's only the 4th sport star to be declared a billionaire by the business magazine.
Johnson recently revealed he passed on an early chance to buy Nike shares that could've netted him billions.

Forbes magazine has declared basketball star Magic Johnson a billionaire, decades after he lost out on a Nike deal that could have netted him $5 billion.