Michael Jordan Net Worth 2021: What Is Jordan’s Deal With Nike?

Michael Jordan is not only widely regarded as the greatest basketball player of all time, but he is also one of the most successful brand endorsers of all time.

The American basketball legend has won six NBA championships with the Chicago Bulls between 1991 and 1998, and continues to be an inspiration to many.

Its success on the ground in the NBA as well as his lucrative contract with Nike saw him establish himself as the richest former professional athlete in the world.

What is Michael Jordan’s contract with Nike?

JordanHis current net worth stands at a total of $ 1.6 billion, and here we take a look at his deal with Nike.

In 1984, he signed a contract with Nike, the American brand accepting an initial commitment of $ 250,000 and its own line of sneakers.

At the time, Nike was a fledgling company that struggled to compete with Converse and Adidas, but seized its moment when Converse did not accept Jordan’s demands.

This year alone, Nike earned $ 126 million as a result of the deal, and they have continued to earn great amounts of money ever since.

At the end of 2019, the Nike Air Jordan brand was estimated to be worth $ 3 billion, with “His Airness” earning more than $ 1.3 billion of that amount.

The deal catapulted Nike into a position of total monopoly in the basketball sneaker business and helped them establish themselves as one of the world’s largest and most valuable brands, with Jordan also racking up a huge richness.

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