4 The co-founder of Nike,
Nike is owned mainly by the family of Nike's co-founder Philip Knight. The Knight family owns 22% of the company through various entities. Other large owners are asset manager Vanguard with a 7.1% ownership share, and asset manager BlackRock, with a 5.5% ownership share.
In 2016, Knight retired from his position at Nike. However, according to People, he owns most of the company and has established a limited liability company called Swoosh to hold his Nike shares and $13.9 billion worth of Nike stock.
In NIKE's case, its Top Key Executive, Philip Knight, is the largest shareholder, holding 17% of shares outstanding. For context, the second largest shareholder holds about 7.1% of the shares outstanding, followed by an ownership of 5.6% by the third-largest shareholder.
Though the brand generates close to $20 billion USD, Michael only receives 5% from the brand. In 2020, it was reported that Jordan's contract earned him $1.3 billion USD from Nike, the most any athlete has made from Nike. Following in his footsteps is another all-time NBA player, making strides for Nike.
According to Jordan's former teammate John Salley, the reason why MJ isn't an owner or a shareholder of the swoosh brand is that they don't want the six-time champion to take over the business. When Michael Jordan was a sneaker free agent in 1984, he had two notable suitors, specifically Nike and Adidas.
Since Horst Dassler, the son of Adolf Dassler, passed away in 1987, adidas was sold and is no longer family-owned. Instead, Adidas is now owned by Adidas AG, a multinational corporate group owned by several shareholders. The majority holders are football club Bayern München and Austrian fitness company Runtastic.
He also owns the majority stake in the Charlotte Hornets, as well as a sizable percentage his personal brand under Nike, the Jordan Brand.
The company takes its name from Nike, the Greek goddess of victory.
NIKE's CEO is John Donahoe, appointed in Jan 2020, he has a tenure of 3.5 years. His total yearly compensation is $32.79M , comprised of 4.6% salary and 95.4% bonuses, including company stock and options. He directly owns 0.01% of the company's shares, worth €14.50M.
Nike is owned by a combination of Phil and Travis Knight and public shareholders. The company was founded in 1964 by Knight and Bill Bowerman and officially became Nike in 1971.
Sonny Vaccaro's story
Back in 1984, Vaccaro convinced Nike to reach a deal with NBA rookie, Jordan. They offered him a 15-million dollar, five-year contract and created the now iconic 'Air' Jordan brand.
While his partnership with Nike and former majority stake in the Hornets were some of his most lucrative investments, Jordan has a series of other ventures too—he is a co-owner of NASCAR team, 23XI, has a stake in sports betting company DraftKings, owns a tequila brand, and even owns several restaurants, among other ...
Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under Jordan Brand. The silhouette of Michael Jordan served as inspiration to create the "Jumpman" logo.
Michael Jordan does not earn a fixed amount from Nike, but rather gets a 5% royalty on Jordan Brand earnings.
Nike dominates the global sneaker market with a 65.9% market share, while Adidas has a 14.7% market share. This statistic is a powerful indicator of Nike's dominance in the global sneaker market. It shows that Nike has a clear lead over Adidas, with more than four times the market share.
Nike, originally known as Blue Ribbon Sports (BRS) is founded by Phil Knight and Bill Bowerman, an Olympic running coach, in Oregon.
Beginning with the 2017–18 NBA season, Nike Inc. became the uniform and apparel maker for the National Basketball Association (NBA).
Jordan has an estimated net worth of $2 billion.
He made less than $100 million as the NBA's greatest player of all time, but that hasn't stopped him from becoming a billionaire with an estimated net worth of $2 billion. Jordan was the world's first athlete billionaire.
Years later, Nike signed Jordan to a contract; he is currently entitled to 5% royalties on each Jordan Brand shoe sale. Kunkel explained that more brands now exchange company stock or equity stakes for an athlete to stay with their company.
In 2022, Michael Jordan made over $250 million as royalties paid by Nike for the sales of Jordan's shoes and apparel (which amounted to over $5 billion in 2022 alone).
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.