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.
Is Jordan Brand still owned by Nike?
Air Jordan is an American brand of basketball shoes, athletic, casual, and style clothing produced by Nike.
|The silhouette of Michael Jordan served as inspiration to create the “Jumpman” logo.|
|Product type||Footwear, clothing|
|Introduced||November 17, 1984|
Does Michael Jordan get royalties from Nike?
Nike consolidated his deal with an offer of 5% royalties to the Bulls star for Jordan Brand sales. This is the deal that has allowed to earn the major chunk of his net worth – now reportedly over $2 billion.
What does Nike pay Jordan?
Thanks to his agreement with Nike, Jordan earns a five percent royalty on all of Nike’s gross sales. A little quick math shows Jordan has made $180 million in royalties over the past 12 months. Last year, Jordan made $157 million.
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.
What is Shaquille O’Neal worth?
His estimated net worth is said to be $400 million. He is the joint owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie’s Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.
What brands does Nike own?
Nike, Inc. includes the Nike, Converse, Hurley, and Jordan brands and the company is headquartered in Beaverton, Oregon, in the United States. The company takes its name from Nike, the Greek goddess of victory. Nike is famous for its ‘Swoosh’ logo as well as its “Just Do It” slogan.