Does Michael Jordan have stock in Nike?
Until 2019, the
Meanwhile, Jordan's deal with Nike included a clause for royalties. According to Essentially Sports, Jordan gets 5% from each Air Jordan sale; this is how he has been able to make $150 million per year.
That year alone, Nike earned 126 million dollars as a result of the deal, and they have continued to earn eye-watering sums ever since. At the end of 2019, it was estimated that the Nike Air Jordan brand was worth 3bn dollars, with 'His Airness' earning over 1.3bn of that sum.
Michael Jordan went on to become arguably the greatest basketball player of all time, and off the field, he has also made $1.3 billion to date from his deal with Nike, alone.
4 The co-founder of Nike, Phil Knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.
The "Jumpman" logo is owned by Nike to promote the Air Jordan brand of basketball sneakers and other sportswear. It is the silhouette of former Chicago Bulls NBA player and current Charlotte Hornets owner Michael Jordan.
Jordan is the principal owner and chairman of the Charlotte Hornets of the NBA and of 23XI Racing in the NASCAR Cup Series. His biography on the official NBA website states: "By acclamation, Michael Jordan is the greatest basketball player of all time."
After buying a stake, Jordan would eventually raise his stake to 90%. In the end, however, Jordan actually chose to cash in on his investment when he sold 20% of the team in September 2020. The move saw him earn some 1.5 billion when he sold the percentage to a New York-based hedge fund.
The "NBA on TNT" analyst thanked Durant for the compliment and clarified that he is not, in fact, a billionaire. Indeed, Shaq is not a billionaire.
Does Michael Jordan Own His Brand? Michael Jordan doesn't own his brand, but he does get a cut of Nike's revenue. This equates to about 5% royalty for every pair of Air Jordans sold, or roughly $10 to $15 per shoe.
What is Nike's net worth?
In 2020 the brand alone was valued in excess of $32 billion, making it the most valuable brand among sports businesses. Previously, in 2017, the Nike brand was valued at $29.6 billion. Nike ranked 89th in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Nike, Inc.
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 8.03% | 101,896,704 |
| BlackRock Fund Advisors | 4.78% | 60,683,399 |
| SSgA Funds Management, Inc. | 4.46% | 56,574,411 |
| AllianceBernstein LP | 2.13% | 27,015,845 |
Adidas is the largest sportswear manufacturer in Europe, and the second largest in the world, just behind Nike, with a brand value of approximately 14.3 billion U.S. dollars.
The Swoosh is the logo of American sportswear designer and retailer Nike. Today, it has become one of the most recognizable brand logos in the world, and the most valuable, having a worth of $26 billion alone.
Like many of Jordan Brand's most loyal consumers, Craig Williams, who assumed the president role in January 2019, vividly remembers lacing up his first pair of NBA icon Michael Jordan's signature shoes at the age of 17: a white Air Jordan 1, which he beat up on a basketball court not long after opening the box.
Michael Jordan earned “only” $90 million as an NBA player for the Chicago Bulls during his winning basketball career. But Forbes values his current net worth at $1.7 billion, making him the richest retired athlete in the world, according to Forbes' 2022 Billionaires List.
The Jumpman brand is worth upwards of $3 billion
Michael Jordan's "Jumpman" might be the most famous athlete-associated logo on earth. Many athletes have their own branding and design; Tom Brady for example, has TB12 and LeBron James has his crown logo.
1. Michael Jordan Net Worth - $2.2 Billion. Viewed by many as the greatest player in NBA history, Jordan has turned his basketball acumen into a multi-billion dollar enterprise.
Forbes reports that Jordan has since earned an estimated $1.3 billion from Nike after helping to transform Nike into one of the largest, most valuable consumer brands in the world.
LeBron James has officially become a billionaire, according to Forbes. This makes James the first active NBA player to reach the milestone, and the second NBA player to reach billionaire status, joining retired basketball star Michael Jordan.
How much does Nike make off Jordan Brand?
In 2021, the Jordan Brand generated a revenue of $4.711 billion. This means that in 2021, the Jordan Brand accounted for 13.17% of Nike's wholesale revenues.
After buying a stake, Jordan would eventually raise his stake to 90%. In the end, however, Jordan actually chose to cash in on his investment when he sold 20% of the team in September 2020. The move saw him earn some 1.5 billion when he sold the percentage to a New York-based hedge fund.
Jordan is getting around 10-12 dollars per shoe and he is selling millions. That's $150 million per year.
Michael Jordan's Endorsem*nt Earnings
In over four decades, he's earned $1.7 billion (pre-tax) off the court from brands like Nike, Coca-Cola, McDonald's, Wheaties, Chevrolet, etc, and is still involved with brands such as Nike, Hanes, Gatorade, and Upper Deck.
