"I wrote a $50-million check," Johnson tells interviewer Joe Frankel. "The largest check in my life."
Johnson goes on to talk about how he learned the value of hard work and to respect money.
"I saw my dad go to work every day at General Motors and on his trash-hauling truck. And I understood how he valued every dollar."
Did Magic ever have second thoughts? "Only when I had to tell my wife. I said, 'Honey, sit down....'
You can watch an excerpt from the interview above.