One of the legends of basketball history Michael Jordan, is at the top with its revenues in the business world as well as its achievements. Historian Jon Erlichman Nike He gave information about Jordan’s collaboration with him.
Nike, Michael Jordan Chicago bulls won with NBA They shook hands in 1984, long before their championship. The US sports supply firm saw what no one else saw in Michael, a talent who might one day become the best basketball player in the world.
– First contract with Michael Jordan
In the company’s initial estimates, he calculated that he would earn them $3 million with his first 4-year Nike contract with Michael Jordan. However, ‘His Majesty’ literally broke new ground in the NBA and things took a different direction.
– Making a fortune in a day
From the first month of sales, Nike realized that Michael Jordan was a brand in its own right. Jordan has become a cultural phenomenon that drives people around the world crazy for his shoes. Today, the unforgettable star earns Nike $3 million every 5 hours under the ‘Air Jordan’ brand. Jordan, on the other hand, receives $410k a day from his business partner. According to Forbes, Michael Jordan earned $150 million in 2021.
Michael Jordan earns 5% from every Jordan Brand product sold, while Nike puts a total of $15 million in sales each day.