Michael Jordan does not own Jordan Brand. Nike owns Jordan brand but Michael Jordan gets a percentage of the revenue. Michael Jordan signed his deal with Nike in 1984 and while the Jordan brand started as part of Nike as a subsidary, the brand has it’s own identity.
Does Michael Jordan own the Jordan Brand?
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. Even in the midst of a pandemic, Jordan’s hold on footwear has remained strong.
How much does Michael Jordan make from Jordan Brand?
The Jordan Brand generated over $3.1 billion in revenue in 2018-19, following that up with a robust $3.6 billion the following fiscal year. The 5% royalty on these sales alone ensured that Jordan earned more than Lionel Messi and Cristiano Ronaldo these years.
Does Nike Own Jordan?
Nike, Inc. Air Jordan is an American brand of basketball shoes, athletic, casual, and style clothing produced by Nike. Founded in Chicago, Air Jordan was created for Hall of Fame former basketball player Michael Jordan during his time with the Chicago Bulls.
Who makes more money Nike or Jordan?
Michael Jordan Makes More Annually in Shoe Deal Than World’s Highest-Paid Athlete Makes in Total Earnings. … What’s more impressive, Jordan makes more money annually from his deal with Nike than the highest paid athlete in the world makes in total earnings.
How much does Nike earn from Jordan?
Nike has paid Jordan an estimated $1.3 billion since 1984, including $130 million last year by Forbes’ count. His original five-year deal paid $500,000 annually, plus royalties. The Swoosh has a virtual monopoly in the basketball sneaker business.