How Much Is Michael Jordan Worth To Nike

Today Michael Jordans annual Nike royalty check typically comes in around 80 100 million. The investment which valued the team at 175 million excluding working capital Jordan committed has been a slam dunk for MJ.

Image Credit Vahoosporls Nike Had Conditions Before Giving Rookie Michael Jordan A Record Contract Either Be Rookie Of The Year Or Average 20 Ppg Or Be An A Michael Michael Jordan

Jordan has earned 13 billion from his Nike deal since 1984 including 130 million last year alone according to Forbes.

How much is michael jordan worth to nike. As a bonus he got his own shoe. Michael Jordans lawyer told jurors the market value of Jordans moniker to the Nike sportswear company was at least 480 million. Nike sold 126 million worth of Air Jordans in the first year of the deal according to TMZ and Jordan has to date made roughly 13 billion from the partnership Forbes said.

A little quick math shows Jordan has made 180 million in. Jordan is worth 21 billion as of May 2020 according to Forbes making him the richest former professional athlete in the world. The team is currently worth 13 billion pushing Jordans net.

Nike was a struggling company back then and Jordan himself preferred either Adidas or Converse. As a bonus he got his own shoe. Its been 16 years since Michael Jordan played his last professional basketball game but he still out-earns every current NBA player when it comes to.

1001 on Forbes list of billionaires. Visit Insiders homepage for more stories. However in a number of years his royalty check has topped 100 120 million.

The 57-year-old is ranked No. However Nike agreed to give Jordan his signature line which reportedly earned around 314 billion in 2019. In 1984 a 21-year-old rookie Michael Jordan signed a five-year deal with Nike worth 500000 per year.

Thus the birth of the first Air Jordan. Thanks to his agreement with Nike Jordan earns a five percent royalty on all of Nikes gross sales. According to Forbes Jordan himself is worth US21 billion 33 billion with much of that net worth stemming from Air Jordan.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESSCOM Markets. Nike offered the 21-year-old Jordan 500000 per year for five years. Nike has paid Michael Jordan an estimated 13 billion over nearly four decades but the Jordan Brand is easily worth more than 10 billion in addition to the billions of dollars in profits it.

Michael Jordans Net Worth Is Now Officially 19 Billion A Pair Of Michael Jordans Game-Worn Shoes Sells For A Record 190373 In Auction. Jordans worth has ballooned to 21 billion per Forbes in large part because of his partnership with Nike. Michael Jordan has made roughly 13 billion from his deal with Nike since signing with the brand in 1984 according to Forbes.

He is estimated to earn 130 million annually from his Jordan brand and in 2019 Nike reported it brought in over 31 billion in wholesale revenue. Between 2002 and 2012 Nike paid Michael 480 million in shoe royalties.

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