Michael Jordan Has Made Over $1.5 Billion From His Nike Jordan Brand Partnership.Although the original percentage of Jordan's share in Nike is not widely known, it is estimated to be about 5% of every Nike Jordan sale made. Back in 1984, when Nike allowed Jordan to make his own line of signature shoes, Nike had only projected to make $3 million worth of sales.3.2 billion USD (2024)Michael Jordan / Net worth
Basketball legend Michael Jordan has a net worth of $3 billion as of November 2023, according to Forbes.
Who owns Jordan Brand : Nike
The Nike-owned brand is well-known among consumers from different generations, and 36 percent of Gen Z sneaker owners in the U.S. own Jordan sneakers.
Does Michael Jordan make 6 million every 8.6 days
Michael Jordan's partnership with Nike is the stuff of legend in the business world. According to Boardroom, his current deal with the company nets him $6 million in just 8.6 days—a stark contrast to the $6 million he earned over the first seven years of his NBA career.
Who is the 3 richest NBA player : 2023-2024 Player Salaries
| RK | NAME | SALARY |
|---|---|---|
| 1 | Stephen Curry, PG | $51,915,615 |
| 2 | Kevin Durant, PF | $47,649,433 |
| 3 | LeBron James, SF | $47,607,350 |
| 4 | Nikola Jokic, C | $47,607,350 |
The scary thing is that the five per cent royalty Jordan receives will continue to explode in coming years with Nike setting ambitious targets about the brand's growth. The 60-year-old's 2023 royalties jumped more than $100m (US$70m) this year from the amount he received in 2022.
Nike released more commercials centered on his sneakers: Filmmaker Spike Lee collaborated with the Bulls star in a 1988 television ad saying, “It's gotta be the shoes.” Years later, Nike signed Jordan to a contract; he is currently entitled to 5% royalties on each Jordan Brand shoe sale.
Is MJ a billionaire
He officially became a billionaire in 2014, when the NBA franchise value rose.He's had three mega successes." Forbes noted that Jordan is one of three athletes ever to earn billionaire status. LeBron James and Tiger Woods are the other two.The NBA wasn't too happy about Jordan's flashy kicks and started fining him $5,000 for each game he wore them. But that didn't deter Jordan or Nike. In fact, Nike embraced the controversy and even paid Jordan's fines. They turned it into a marketing goldmine.
Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under the Jordan Brand. The silhouette of Michael Jordan served as inspiration to create the "Jumpman" logo.
How much does Nike make from Jordan every 5 hours : approximately $3 million USD
While Nike only projected that Michael's. According to Neon Money Club, the Jordan Brand generates approximately $3 million USD in sales in just five hours.
Was Michael Jordan the highest paid : Jordan claimed the top spot on the list, with inflation-adjusted earnings of $3.75 billion since he left the University of North Carolina to turn pro. Golf icon Tiger Woods holds second place, with earnings of $2.66 billion, while football superstar Cristiano Ronaldo is third, with earnings of $1.92 billion.
What’s the lowest paid NBA player
Mouhamed Gyueye is currently the lowest-paid NBA player in the NBA this term. The Senegalese player was the 39th pick in the 2023 draft. Drafted by the Charlotte Hornets, he saw his rights traded to the Boston Celtics, who dealt him to the Atlanta Hawks.
Curry has a net worth of $160 million, according to Celebrity Net Worth. 4 But he makes millions off the court, too—the NBA champion is a savvy investor and entrepreneur with many lucrative businesses and partnerships to his name.The scary thing is that the five per cent royalty Jordan receives will continue to explode in coming years with Nike setting ambitious targets about the brand's growth. The 60-year-old's 2023 royalties jumped more than $100m (US$70m) this year from the amount he received in 2022.
Is Jordan still owned by Nike : Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under the Jordan Brand. The silhouette of Michael Jordan served as inspiration to create the "Jumpman" logo.