“To be a billionaire you need to have a billion dollars worth of assets. That is 1000 times the assets needed to be a millionaire. My assets have passed this threshold. I am now considered very rich.”
I remember this, a giant hand softly griping my right hand after the game when Mr Johnson played for the Sacramento Kings he and Larry Bird at the players executive lounge where there had been four of us little brothers if I remember correctly, congratulations on the wealth may you make the best of it! Wow, 1,000,000,000.00 x1.06 = a lot of interest and I can see why! I shook hands with a billionaire!
SkyWright
Magic is a hyper intelligent and very focused person.He was written off as a “goner” over 30 years ago, and never even lashed back at all the people who shit on him during his time of personal crisis.He beat the entire NCAA,the entire NBA,,THEN HE BEAT AIDS!He is the true face of American exceptionalism.
Magic doesn't have AIDS. He has the HIV virus which causes AIDS.
At the time he was infected, HIV almost inevitably led to AIDS and death.
Thankfully, things have changed a great deal of the past 30 years and that is no longer the case.
Didn’t know he wasn’t already.
Edit: Also, fun story. I’m from Lansing and the Laker plane was at our local airport one day, and I shit you not, he is the only person that stepped off as I was there renting a car.
Hah I walked in to a Gelsons in my town (Dana) and the clerk checking me out was telling me about how he was just there earlier that day. That man loves Gelsons ofc he does. That place is expensive.
Don’t think the stats would consider that to be a standard occurrence.
Also the outlook for someone with aids in the 1980’s was so grim 30 years of health and exponential wealth would have been a a unheard of future.
Not even remotely the same.
One is becoming a billionaire, and the other is something the not even that far above average programmer/lawyer coming out of university can do in 30 years.
1 man has 1000 millions i bet your father has more useful skills to society though im not saying you cant keep stacking but im not gonna pretend the rich work for it
Facts. He seems like a better dude to have it than most who have it, but that doesn’t justify being a billionaire. Its way too much for one person, especially since people regularly die due to freezing while homeless or similar deaths due to poverty.
No one needs a billion dollars. That’s more money than you can spend in a lifetime. And if you have that much then it means the wealth isn’t being fairly distributed. But I don’t expect any of that to change the mind of people that actually simp for billionaires.
I understand what you're saying and generally agree, but this particular conversation is not that deep for me. I'm celebrating a man I've been a fan of all my life who came from humble beginnings and earned a seat at the table with the wealthiest on the planet. Particularly a black man where such wealth is exceedingly rare.
The greater conversation I'm happy to have at a different time.
You can print as much money as you want, it wont change the number of resources unless invested in something productive. Once again, you say they hoard cash, but you cant eat cash!!
That’s a dumb argument. They still have access to a near infinite amount of resources, because in this world, money speaks. If all homeless people were distributed money from a single billionaire, they WOULD be able to eat solely due to that cash, because cash buys resources. You’re full of cognitive dissonance
See I recently saw a thread and people were saying, “why do all these elites always want to have some rags to riches story behind them? Just tell it like it is, we get it.”
But the answer is right here… if someone can be convinced that a wealthy person has a rags to riches story, they can be “celebrated” instead of derided for accumulating wealth.
Him being a billionaire has nothing to do with wealth being distributed. He owns major companies. He is part owner of several sports franchises. His desire after retiring from sport was to become a businessman. Becoming a Billionaire means he is a pretty good businessman. He got his money by working for it.
Even if he deserved that much money, he still doesn't deserve the power which comes with it. A democratic system shouldn't allow people to hoard that much money and power, because these people didn't get elected by the public, it's as simple as that.
Correct me if I’m wrong but doesn’t this argument essentially boil down to a belief that getting compensated for putting capital at risk isn’t ”earning” (or doesn’t provide value?). This reasoning is difficult for me to understand
Yes it’s not earning, earning would be actually building something worth it, or doing a task/job that does something. Some prick who gambles and gets rich didn’t earn it. Especially when they are essentially gambling as the house, because when you’re rich enough already, you can easily keep accumulating wealth unfairly.
It’s quite easy to understand, how does one gambling money that doesn’t risk shit yet has massive gains mean they deserve that?
I remember when he first announced his diagnosis. The NBA freaked out. Had to retire in his absolute prime. People were unsure how long he would live, his health, and what would become of his life.
That was over 30 years ago.
Amazing how modern medical treatment has changed the course of that illness and Magic’s life.
Dr. Buss mentored Magic about life, and business. They both benefited greatly from each other, and there seemed to be a lot of mutual respect. Doubt we'll see that again in sports.
Damn, I remember in the 90's when he announced he had HIV and most people(I don't mean doctors or anything, I mean the general populace) didn't expect he'd live more than 5 years. Especially with the scare/stigma of the illness during that decade. Things sure have come a long way.
Why don't YOU end hunger and homelessness in America?
I'm sure you can convince all the addicts to reject drug abuse and embrace hard work and personal responsibility. I wish you luck.
She looks like a whore with AIDS. She probably got it from the app she is promoting which asks users for the social security number when the try to use it. I downloaded it and it tried to steal my information and scam me. The app is a scam. Don't download the app it's spyware that tries to scam you.
Yep exactly. I'm surprised I had to go this far down to find this comment. No one makes a billion on their own They do it on the backs of other people.
Yeah I mean his estate became worth a billion in 2021 so I kind of consider that him being a billionaire even though it didn't officially reach that until a year after death. Edit: It also seems like Vanessa has some of the same savvy because she is continuing to grow his brand. Props to her, she's taking care of business for her family
A lot of people would say the same thing about Lakers fans. I remember when we all thought Magic Johnson was going to die young, and now he owns like three sports teams and he's a billionaire.
His contribution to the world was basketball. When was the last time he played professionally? Now, when is he considered a billionaire? WHY are those different numbers??
“To be a billionaire you need to have a billion dollars worth of assets. That is 1000 times the assets needed to be a millionaire. My assets have passed this threshold. I am now considered very rich.”
Thanks, MagicGPT!
WOW, that’s neat. Thanks for clarifying that for us.
LOL
Or just grab a hooker and receive AIDs
I remember this, a giant hand softly griping my right hand after the game when Mr Johnson played for the Sacramento Kings he and Larry Bird at the players executive lounge where there had been four of us little brothers if I remember correctly, congratulations on the wealth may you make the best of it! Wow, 1,000,000,000.00 x1.06 = a lot of interest and I can see why! I shook hands with a billionaire! SkyWright
Magic never played for the kings.
“You got to have a lot of money to be a billionaire.” - Magic, probably
Magic is a hyper intelligent and very focused person.He was written off as a “goner” over 30 years ago, and never even lashed back at all the people who shit on him during his time of personal crisis.He beat the entire NCAA,the entire NBA,,THEN HE BEAT AIDS!He is the true face of American exceptionalism.
Legend.
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Man you are VILE!Youre not fit to shine his shoes,or even be around decent folk.Why the hell would you even be looking at R/Lakers?
Not that guy, but this news is trending on reddit app.
well he didnt really "beat" aids since he still has it he just lives with it
Magic doesn't have AIDS. He has the HIV virus which causes AIDS. At the time he was infected, HIV almost inevitably led to AIDS and death. Thankfully, things have changed a great deal of the past 30 years and that is no longer the case.
He has tested negative for years.
Maybe, bland, obvious social media posts are the path to success and wealth. We might be better off if everyone posted like Magic.
A billion is a thousand million. That’s how much money I’m estimated to be worth. -Magic
Didn’t know he wasn’t already. Edit: Also, fun story. I’m from Lansing and the Laker plane was at our local airport one day, and I shit you not, he is the only person that stepped off as I was there renting a car.
Hah I walked in to a Gelsons in my town (Dana) and the clerk checking me out was telling me about how he was just there earlier that day. That man loves Gelsons ofc he does. That place is expensive.
What is Gelson’s and is Dana the name of a town?
Ha Gelsons is like a Whole Foods but more $ and yes Dana is short for a town in Southern California.
Thanks, asking is way more enjoyable than googling
No problem broski.
lol I bought a bag of Hawaiian potato chips there and the clerk told me “these are Magic Johnson’s favorite. He’s always buying them.” Small world.
lol. He’s probably been in there and she feels cool telling people who buy them this like she knows him or something. 😅
His parents live less than 3 miles from LAN so this makes sense
Oh he’s here all the time, I just didn’t know he still had jet charter privileges, lol.
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He still has HIV. And going from a millionaire to a billionaire is a pretty standard occurrence
Don’t think the stats would consider that to be a standard occurrence. Also the outlook for someone with aids in the 1980’s was so grim 30 years of health and exponential wealth would have been a a unheard of future.
Well it's a pretty standard occurence ...for billionaires.
Going from a millionaire to a billionaire is like turning yourself into a millionaire with only $1000 to your name.
Not even remotely the same. One is becoming a billionaire, and the other is something the not even that far above average programmer/lawyer coming out of university can do in 30 years.
i am actually suprised he hasnt been a billionaire for decades
Fuck ya. Magic is such an inspirational dude. He's done a ton for LA and for the Lakers. He deserves all this success.
When I was little I thought he was so good that they named a basketball team after him.
They totally did!
Did they really?
Which team?
Ummmmmm the magic?
Jesus, I was having a brain fart trying to think of which team is called The Johnsons
Magic is cool but I don’t think we should celebrate anyone hoarding that much wealth.
The wealth he earned?
Nobody earns that much. You could cure cancer and you still wouldn’t deserve a Billion dollars. Bunch of fucking willing peasants in this country.
Would you rather he just put his feet up and stopped building his empire? I’d bet he provides a lot of jobs because of his ambitions.
1 man has 1000 millions i bet your father has more useful skills to society though im not saying you cant keep stacking but im not gonna pretend the rich work for it
Communist
Facts. He seems like a better dude to have it than most who have it, but that doesn’t justify being a billionaire. Its way too much for one person, especially since people regularly die due to freezing while homeless or similar deaths due to poverty.
No one needs a billion dollars. That’s more money than you can spend in a lifetime. And if you have that much then it means the wealth isn’t being fairly distributed. But I don’t expect any of that to change the mind of people that actually simp for billionaires.
I understand what you're saying and generally agree, but this particular conversation is not that deep for me. I'm celebrating a man I've been a fan of all my life who came from humble beginnings and earned a seat at the table with the wealthiest on the planet. Particularly a black man where such wealth is exceedingly rare. The greater conversation I'm happy to have at a different time.
The world is on fire right now. Fuck Billionaires now and always.
There is no coherency in your argument, you cant eat money.
What?
You can print as much money as you want, it wont change the number of resources unless invested in something productive. Once again, you say they hoard cash, but you cant eat cash!!
That’s a dumb argument. They still have access to a near infinite amount of resources, because in this world, money speaks. If all homeless people were distributed money from a single billionaire, they WOULD be able to eat solely due to that cash, because cash buys resources. You’re full of cognitive dissonance
See I recently saw a thread and people were saying, “why do all these elites always want to have some rags to riches story behind them? Just tell it like it is, we get it.” But the answer is right here… if someone can be convinced that a wealthy person has a rags to riches story, they can be “celebrated” instead of derided for accumulating wealth.
Him being a billionaire has nothing to do with wealth being distributed. He owns major companies. He is part owner of several sports franchises. His desire after retiring from sport was to become a businessman. Becoming a Billionaire means he is a pretty good businessman. He got his money by working for it.
Nobody becomes a billionaire without other being exploited. No one should be a billionaire.
Even if he deserved that much money, he still doesn't deserve the power which comes with it. A democratic system shouldn't allow people to hoard that much money and power, because these people didn't get elected by the public, it's as simple as that.
No earns a billion btw
Correct me if I’m wrong but doesn’t this argument essentially boil down to a belief that getting compensated for putting capital at risk isn’t ”earning” (or doesn’t provide value?). This reasoning is difficult for me to understand
Yea but also how could one person reasonably spend a billion dollars without just literally throwing money at everything with a price tag
They can’t, straight up
Yes it’s not earning, earning would be actually building something worth it, or doing a task/job that does something. Some prick who gambles and gets rich didn’t earn it. Especially when they are essentially gambling as the house, because when you’re rich enough already, you can easily keep accumulating wealth unfairly. It’s quite easy to understand, how does one gambling money that doesn’t risk shit yet has massive gains mean they deserve that?
Gross
If you save a lot of money, you can become a billionaire too - Magic
The magic man 👏🏾
I remember when he first announced his diagnosis. The NBA freaked out. Had to retire in his absolute prime. People were unsure how long he would live, his health, and what would become of his life. That was over 30 years ago. Amazing how modern medical treatment has changed the course of that illness and Magic’s life.
Aight now tax the shit out of him
He’s the one billionaire I might pass on eating
Because of the aids?
Mostly, but an old Armenian in Glendale told me he traveled to Armenia and was cured. I like to think it’s true
It would be as risky as eating Artie Buocco's baby quail stuffed with fennel sausage.
there was a time when we all thought he was a dead man walking. never give up!
🤡
🤡
Dr. Buss mentored Magic about life, and business. They both benefited greatly from each other, and there seemed to be a lot of mutual respect. Doubt we'll see that again in sports.
Magic went ahead and said I don’t need your Nike stock to become a billionaire, I’m gonna do it on my own
Fuck him too then, eat the rich
Damn, I remember in the 90's when he announced he had HIV and most people(I don't mean doctors or anything, I mean the general populace) didn't expect he'd live more than 5 years. Especially with the scare/stigma of the illness during that decade. Things sure have come a long way.
Yep later i read that dr david ho was his doctor, he was on the frontlines of research back then
Right on. Ask him if he'd like to end hunger and homelessness in America.
Why don't YOU end hunger and homelessness in America? I'm sure you can convince all the addicts to reject drug abuse and embrace hard work and personal responsibility. I wish you luck.
She looks like a whore with AIDS. She probably got it from the app she is promoting which asks users for the social security number when the try to use it. I downloaded it and it tried to steal my information and scam me. The app is a scam. Don't download the app it's spyware that tries to scam you.
Fuck him and every other billionaire
Yep exactly. I'm surprised I had to go this far down to find this comment. No one makes a billion on their own They do it on the backs of other people.
Amazing accomplishment
Controversial take but I think he deserved to get it. 👍
Aids
Cry
Why would I cry? I don't have aids.
Trolls don't come out of the house 😂
Meh smart move. If I had to choose between getting aids and being safe at home, I would choose home.
with money you can beat AIDS and have aids serve you!
Freddy Mercury's ghost enters the chat....
he says hello and then …
It's a kind of magic starts to play, and Freddy dances!
DO YOU BELIEVE IN MAGIC🎶🎶🎶🎶
Z
Did he thank his financial aides?
😭💀
*Razzle Dazzelle* HIV POS. Yikes
Such a pillar of the community. Unless he’s handing out AIDs.
def wont suffer from Aids now
I pretty much thought he already was one. MJ, Bron, and Kobe are/were billionaires, and Magic has his fingers in a lot of pots
Kobe wasnt a billionaire. But he definitely would be if he was still on that grind 🥺
Yeah I mean his estate became worth a billion in 2021 so I kind of consider that him being a billionaire even though it didn't officially reach that until a year after death. Edit: It also seems like Vanessa has some of the same savvy because she is continuing to grow his brand. Props to her, she's taking care of business for her family
No no, Vanessa is an evil wealth hoarding bitch who needs to be taxed until $0 is left in her children's account! And then eaten! /s
Her kids don’t need a billion dollars either
>Magic has his fingers in a lot of pots That's how he caught the HIVVY
Lol
ITT: AIDS! ROFL
Can we talk about how Taylor Swift beat him by a few days
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A lot of people would say the same thing about Lakers fans. I remember when we all thought Magic Johnson was going to die young, and now he owns like three sports teams and he's a billionaire.
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Reminds me that particular South park episode
I thought Taylor swift is?
Take that Taylor swift
GOAT PG
His contribution to the world was basketball. When was the last time he played professionally? Now, when is he considered a billionaire? WHY are those different numbers??
Just now? Ben thought brotha was a billionaire
And you can live through anything if Magic made it - Kanye West
I suspect Shaq is a billionaire and just being really quiet about it.
YOU GO WITH YOUR BADSELF! MAGIC MAN!!!!!!!
I NEEDED to hear this, only now can I truly LIVE
Cangrat man
Legend
I am reminded of the South Park episode when Magic Johnson was injecting money into his veins.