Does Michael Jordan Still Make Money Off His Shoes?

by | Last updated on January 24, 2024

, , , ,

It’s 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 sneaker income — and the ranking isn’t even close: In 2019, Jordan earned $130 million from his Nike deal, Forbes reports. … In the 80s, Nike was known as a track shoe.

Does Michael Jordan own Air Jordan?

The silhouette of Michael Jordan served as inspiration to create the “Jumpman” logo. Product type Footwear, clothing Owner Nike, Inc. Country United States

Does Michael Jordan make money off Air Jordans?



Michael Jordan earns 5% royalty on every Air Jordan shoe sold

”: How the Bulls legend amassed a rumored $2.1 billion fortune over the years. Michael Jordan is both the greatest basketball player of all time as well as the richest. We look into how he made his billion-dollar fortune.

Does Michael Jordan own any percentage of Air Jordan?

Jordan’s lengthy partnership with Nike, which includes his own line of Jordan Brand shoes, has certainly played a part in maintaining his legacy, too – and it’s made him exceedingly wealthy. … Thanks to his agreement with Nike, Jordan earns

a five percent royalty on all

of Nike’s gross sales.

Is LeBron James a billionaire?

James has earned more than $1 billion during his 18-year career, with nearly $400 million in salary and more than $600 million in off-the-court earnings, but that doesn’t make

him a billionaire

. After accounting for taxes, spending and investment returns, Forbes estimates James’ net worth to be about $850 million.

How much does Nike own of Jordan?

The Air Jordan 1 shoe is the most iconic piece of streetwear of all time. There could not have been a better ambassador for it than His Airness himself. Nike consolidated his deal with an

offer of 5% royalties

to the Bulls star for Jordan Brand sales.

What was Kobe Bryant’s net worth?

Kobe Bryant died January 26, 2020 at age 41 in a helicopter crash, along with his 13-year-old daughter, Gianna, and 7 other passengers. His net worth at the time of his death was an

estimated $600 million

.

Who is the richest NBA player ever?

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.

Who has a lifetime deal with Nike?

In 2016,

James

signed a “lifetime” contract with Nike that is said to be more than $30 million a year and was hinted by his business partner Maverick Carter, according to Business Insider, to be worth more than a billion dollars.

Who is the richest athlete?

  • Dwayne ‘The Rock’ Johnson Net Worth: $400M. Dwayne Johnson, more commonly referred to as “The Rock,” is a man of many talents. …
  • Phil Mickelson Net Worth: $400M. …
  • Jack Nicklaus Net Worth: $400M. …
  • Greg Norman Net Worth: $400M. …
  • Cristiano Ronaldo Net Worth: $500M.

How much money is Stephen Curry worth?

Try refreshing the page. The Golden State Warriors have achieved the most important goal they had this offseason after they reportedly agreed a four-year contract extension with Stephen Curry worth

$215.4m

which will take Curry through the 2025-26 NBA season, when he will be 38 years old.

What’s LeBron’s net worth?

After accounting for taxes, spending and investment returns, Forbes estimates James’ net worth to be

about $850 million

. On the court, James’ Lakers contract makes him the NBA’s fifth-highest-paid player, but it’s his off-court savvy that puts him in a league of his own.

Who is the CEO of Jordan Brand?


CRAIG WILLIAMS

: PRESIDENT, JORDAN BRAND.

Does Michael Jordan have a lifetime contract with Nike?


Michael Jordan has made roughly $1.3 billion from his deal with Nike since

signing with the brand in 1984, according to Forbes. … Nike offered Jordan a $500,000-a-year deal for five years, as well as his own shoe, the Air Jordan, something that Adidas was not prepared to do.

How rich is Michael Jordan?

Michael Jordan is considered the greatest NBA player of all time. He’s also the richest former professional athlete in the world with a

net worth of $1.6 billion

. Since he retired in 2003, he has built a lucrative career and uses his wealth for philanthropic purposes.

What is Kobe Bryant 2021 worth?

Being a player is one thing, and being a legend is another, and rightly so, Kobe Bryant’s net worth is a humungous

$600 million

. The late Basketball great was one of a kind but an inspiration to many. Every person in their 20s or 30s grew up watching the magician play.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.