“I’m still kicking myself. Every time I’m in a Nike store.”
Magic recalled his meeting with Phil Knight, and how he’s still kicking himself to this day for not taking advantage of that stock option.
“All the other companies offered me money, but [Nike] couldn’t offer me money because they just started. So he said something [about] stocks —- ‘I’m gonna give you a lot of stocks.’ I didn’t know nothing about stocks. I’m from the inner city, we don’t know about stocks” Magic said to Ellen.
“I’m still kicking myself. Every time I’m in a Nike store, I get mad. I could’ve been making money off of everybody buying Nikes right now,” he said.
Check out a clip from Magic’s appearance on The Ellen Show below.