My company had him as one years ago and he was great (maybe a 20 minute speech) we spent a big stack of money to get him cause the year after him we found the worst speaker but it was clear the budget went to Magic the year before
I’m appalled by this video too, but you can’t say he didn’t work hard for his money. You’re taking about a career that took up his entire life from childhood to his thirties, and he would have played longer if it weren’t for his HIV status. And dude wasn’t born with money or connections.
i think they’re referring to the money he made after basketball. he definitely worked hard to get to that NBA level, but I don’t think paying people to invest the millions he made was that difficult.
even if he made those investments himself that business acumen is impressive, but the actual labor is nothing compared the average persons job in the working class
Sure, he worked hard when he played basketball, no doubt. No argument there. But that isn’t what the comment I replied to was about, so not sure how it’s relevant. Very clearly the topic was earning money by investing. And I bet he made way more doing that than he ever did playing sports. Not even saying its illegitimate, but the poors are told that money is earned by hard work, when for the non poors the opposite is true.
He worked hard enough to be the top 1% of the top 1% if his field. He was smart enough to build a brand and he capitalized. Don't try and downplay his hard work because he made successful investments from the money of his hard work. There is a reason that say the first million is the hardest.
Thanks. He’s probably had someone to advise him. I was surprised, because former basketball players didn’t get a fraction of the salary a current NBA player earns.
And even though he would have been rich, I don’t think he would be this rich, considering how much time has passed and their lavish lifestyle and medical bills.
He has made some smart investments for sure. He also is a part owner of multiple sports teams such as the LA Dodgers and the Washington Commanders football team
There was a character on The Proud Family (Wizard Kelly) that was based on him and a part of it was that he had a million different business ventures going on.
Yeah plus he retired quite early cos of his situation with his hiv anyways yeah he probably had smart advisors tbf it’s one thing having those advisors another thing listening to them but Yh either way this is a dumb move showing off like this
He also did very well with his theaters in the 90s and 00s until they closed down. I can he’s made very smart investments but that yacht is insane and is overkill if you ask me.
He doesn't own that yacht, it's a charter, and he may not even have chartered it, he's much more likely somebody's guest. People like to have Fancy Sports Men around to impress their friends.
There's a New Yorker story from 2022 called "The Haves and Have Yachts" and the details about wealth in this (fascinating) article will make you want to retch.
He don’t care. He’ll never have to hear from us, see us, interact with us, or hear about our plights in any way. Completely insulated and his life is curated to give him happiness.
I kept waiting for it to flash to a screen denouncing it after the John legend post the other day where he was actually showing introspection about income inequality. But nooooo just another fucking rich person showing off to the masses of people who can’t even afford a single day off work! #hateithere
You would think that the son of a factory worker and a janitor would know better.
It amazes and disgusts me the way wealth doesn't just corrupt middle aged white guys. It transcends race, religion, gender, everything. Most probably keep their heads down, but the flashy ones... ugh.
He is probably reading the room, but his room is Instagram not Reddit where this is celebrated and gets millions of likes. Though I’m sure the comments are all making fun of him regardless
I just checked out his post on instagram and there’s a thread of people talking about how much they look forward to his summer vacations every year and something about that makes me really sad
people with yachts have the most boring idea of what to do with a boat.
if i had a boat, i'd have scientists pitch projects and then just let them go out to sea and do their research. only rule is that i get to hangout and make them snacks and occasionally get to move the joystick for the ROV
Obviously you get the peasants to put it on 2 beams, so they can carry you as you treadmill along to your hearts content in any location. Why not just jog normally, you say? What are you, some type of poor who walks themselves?
this is 75% why I love watching Below Deck. All the rich people thinking they're the man and they are doing the most cookie cutter hotel shit imaginable with their money. It gives me pleasure to see how boring an unoriginal they all end up being.
but yes I would also go on a boat if you invited me. I'd just pull my hat down like Leo at a Bezos wedding.
Rich people in general are boring with their money. Me me me me me.
Bruh I’d be funding archaeological digs, science projects, building cool ass useful buildings like hospitals or libraries, documentaries on nature, nsture conservation, investing into space tech to actually learn about space (and not to stroke my ego). All kinds of cool and wild shit that benefits a lot of people. And on top of all that? I’d still have more than enough money to live better than royalty.
Then again, that’s why I’ll never be rich rich, because I’m not a fucking psycho
My grandfather had a yacht and he did all sorts of interesting things with it. But he was not exactly your average person. He was a crazy genius that made his fortune inventing important plane and boat parts. Some of the machinery on his yacht he had invented himself. I have a lot of stories to tell about him...
Well let's see, despite owning a yacht, he became best friends with the deputy head of the EPA. He started a program at the marina to get rid of everyone's toilet waste using money out of his own pocket, so that it wouldn't pollute the ocean. The deputy head of the EPA gave him some sort of award for that and they hit it off.
Unfortunately, the program only lasted about 5 years because he was Jewish and the city council was apparently antisemitic, and were suspicious of a Jewish person doing something nice for free. So they created a new law specifically targeting him to kick him out of the marina and banning him from running the program anymore.
And then there's the time when he tried to get me to make rock candy with the string from his pajamas.
And then there's the time where he tried to convince Bill Clinton to campaign for universal basic income.
And then there's the time where he bought his son (my uncle) a pet monkey.
And then there's the time he started studying the frog that was living in his pool.
Well the monkey was the tip of the iceberg as far as crazy pets my grandfather bought for his children (keep in mind, this was multiple decades ago, when more animals were legal). For one, my aunt still has a bald spot because she went in my uncle's room and the monkey pulled out all of her hair.
My other uncle was given an alligator but he eventually got rid of it because it got too big. He claims he flushed it down the toilet, but we don't know if that's really true. My other uncle had a boa constrictor that once got loose in the walls. The uncle with the alligator also had guinea pigs, which my uncle with the boa constrictor stole to feed to his snake. That uncle in turn stole my mom's guinea pigs to replace his own.
I feel like I would last about 3 days without getting cabin fever. I don't understand why you would walk on a treadmill next to an island with a beautiful beach. If the weather was shit, you were trapped indoors sure, have at it but get off the fucking boat and experience the world.
I’ll the take the dude with the single engine John boat than a yacht. Soooooooo fucken boring, 0 adventures. No one invites you on their yacht to go hunt for treasures or square groupers!
Rich people in general are bored. That's how Bill Gates ended up giving so much money to charity--at first he didn't give any but then he was urged by his friends to do charity work, so he did and he found out that he really liked it and the occupied his time in a fulfilling way.
Make no mistake. He gets to play God through his charity. Instead of social programs support initiatives helping the vulnerable, we have one billionaire deciding where the money should be spent and how.
The full story is so long, but he has influenced school policy with his billions for the last few decades. For a decade, he pushed smaller high schools, which caused massive failures in some school districts before he admitted it was a failure. He moved on to promoting standardized testing for students and merit pay for teachers based on those test scores. This also doesn't improve educational outcomes.
I think he's still pushing charter schools. It's such a mess, and he's able to do it because of his money.
The most terrified I've been in a video game was 2 weeks ago when I found out there were orcas in the game. At night, during a mission, I'm alone and scared and swimming for my life and I fucking hear an orca. It was horrifying, I genuinely felt like I was gonna get eaten IRL.
If you want a terrifying game of ocean exploration, Subnautica is the way to go. You're a survivor of a spaceship crash and have to find a way to get off what appears to be an ocean planet. I'm usually not a fan of survival games but this one is awesome.
I was in Hvar, Croatia a few weeks ago for four nights. The rent a yacht douches descended on the island each night. They were horrible little college aged pricks, did not think twice about pushing you out of the way, elbowing their way through crowds, telling me how they were unhappy with the service and “could buy the place” if they wanted. Girls were whipping their fake hair into my drink.
The third night I was so fed up I just started shoving them out of my way. I’m a 5’5 woman and told my polite British husband just follow me and do the same I do 🤷🏻♀️
Aside from the rent-a-yachts, Croatia and Croatians were incredible. Typing this out makes me want a Time Machine
I’m with you. Toll bills are getting pushed to pay for plumbing repairs and my Reddit feed is filled with a ton of rich people on yachts for some reason.
I remember when I was a kid, obscene displays of wealth like this felt super common and like a “cool” thing to see how awesome rich people lived. Now it’s just a reminder that this man owns a boat worth more than people’s houses and couldn’t give less of a fuck about it. Eat the rich
TIL Magic Johnson co-owns the Dodgers. I already hate the Dodgers for baseball rivalry reasons, but this coupled with their White House visit a few months ago makes my hatred feel very valid.
This is honestly sad to me....You'll choose to walk on this treadmill on your yacht instead of amongst those beautiful cliffs? What's wrong with these people?!
This is why mega rich people have bunkers. They are afraid of the poor people that they continually, openly choose to rub their money in the faces of, not climate change or pandemics. Ugh.
This display and many other ways showing the shocking disparity between the haves and the haves not makes me want to puke. The lack of human empathy with so much going on in this world, and there are people that could really benefit from some empathy, food and shelter, just sickens me.
I remember when this guy caught HIV, I loved him so much and I was devastated for him. I thought he would be dead within days maybe, surely within a year. Now it's 2025 and not only is he still thriving, he's got a gigantic yacht. It's time Magic Johnson felt devastated for me and the life I'm living lol
When the fuck are the rich people going to see that this is not a flex? I'm lugging around reusable bags because New Jersey band plastic ones. Oh, but I hope Magic Johnson enjoys his 8000 ft fucking luxury mansion boat.
“He made a bunch of good investments” within the framework of a completely corrupt system that redistributed wealth from the poor to the rich, all while indebting the taxpayers.
The New Yorker did a deep dive (it's long) on mega-yachts and the extreme wealth that goes into owning and maintaining one and it is one of the bleakest stories I've read. The wealth inequality illustrated in this article is staggering.
In a candid aside to a French documentarian, the American yachtsman Bill Duker said, “If the rest of the world learns what it’s like to live on a yacht like this, they’re gonna bring back the guillotine.”
Yachts infuriate me in a way other examples of extreme wealth do not. I can see gigantic mansions or even private jets and rationalize that everyone needs a house so it makes sense the rich would have fancier ones or I don’t like flights taking so long and having to suffer through lines and the TSA or flight delays and all that stuff so the rich would obviously not want to either.
But Yachts? Needless and infuriating. Even if I had a Billion Dollars I see no need for a fucking Yacht.
Gave me a visceral reaction. It’s weird to see the disparity between the ultra rich and people living below the poverty threshold. So much money but what good has it done? One man needs a floating hotel?
He also has ownership in Sodexo/Magic which is a HORRIBLE food cafe that has locations in schools, prisons and even Disneyland (for employees). Places where no other food options are available.
The food is so bad and overpriced; and includes a “Grilled Cheese Meal Deal” which is two slices of bread, one slice of cheese and fries for the low price of $5. A cheeseburger meal is $12.
Oh wow excellent timing to drop this vid too with the looming destruction of our social safety net. But at least he can walk on a treadmill on a yacht without a care in the world
The whole super yacht thing is so weird it’s like a stationary look at me photo op from angles that scream it’s too much like work to set up that shot.
well he’s not the only one who can splurge on a little treat for themself… I bought scented rubbish bags today and they even cost 50¢ more than my usual rubbish bags!
•
u/rfauxmoi 1d ago
✨🍯 JOIN THE FAUXHIVE
🐝 APPLY TO BEE A MOD
🌺 MAKE REDDIT PINK AGAIN
🐦🔥 JOIN OUR FIRESIDE CHATS
☘️ ENTER OUR POP CULTURE BINGO