Michael Jordan Filed 80 Lawsuits Against Chinese Company and Won Big After “Emotional Damages” Were Proved
Follow Us
Thanks to his exploits both on and off the basketball court, Michael Jordan has turned into a household name. Interestingly enough, his name holds immense power. Several lawsuits against a Chinese company proved the same.
According to reports, Jordan won a case surrounding a Chinese company using MJ’s name. Moreover, he received a good chunk of money from the company following his victory in the lawsuit.
ADVERTISEMENT
Article continues below this ad
Michael Jordan wins long-running lawsuit
Who doesn’t know Michael Jordan? The Chicago Bulls legend made a name for himself on the basketball court as he won 6 NBA titles and established himself as one of the greatest players ever.
Trending
Countdown Starts for Charles Barkley and TNT Crew as Ernie Johnson Makes Heartfelt Confession Before Parting
May 16, 2024 06:00 AM EDT
“Could Hear Jeanie Buss & Rob Pelinka Chuckling”: LeBron James’ Declared to Be Manipulating NBA World With Obvious Bluff
May 17, 2024 12:58 PM EDT
Lakers News: Anthony Davis & LeBron Stand Powerless As 28YO Star Controls LA’s Future In Summer
May 16, 2024 07:32 AM EDT
Exclusive: Shaquille O’Neal Has Big Plans to Dethrone Nike With Allen Iverson & Reebok, Ex-Agent Reveals
May 17, 2024 02:15 PM EDT
Caitlin Clark in Deep Waters as Indiana Fever Shatter Embarrassing WNBA Record After Defeat Against Sabrina Ionescu and Co.
May 17, 2024 07:05 AM EDT
Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
Moreover, he has had a successful business venture after retirement. His iconic Jordan brand rakes in most of his income and has helped him become a Billionaire.
The Chinese company lawsuit case is the perfect example of Jordan showing how much power his name holds. According to reports, Jordan and his team filed 80 lawsuits against a Chinese company using MJ’s name.
A Chinese sportswear and shoe manufacturer, Qiaodan, paid $46,000 after a court found them guilty of using his name. For the uninitiated, the name ‘Qiaodan’ translates to Jordan in Chinese. Furthermore, the addition of $7,600 in legal expenses means the total sum amounts to $53,600.
ADVERTISEMENT
Article continues below this ad
Considering Michael Jordan’s massive net worth, this sum amounts to almost nothing. He has a whopping net worth of around $1.7 Billion according to Forbes.
Interestingly enough, he earned only around $90 million in salary! However, his marketability ensured he received brand deals that made him a Billionaire. It is not only the Jordan brand that brings in most of his income. Jordan is the majority owner of the Charlotte Hornets and is also the owner of a NASCAR team.
ADVERTISEMENT
Article continues below this ad
WATCH THIS STORY: Is Shaquille ONeals Ex-Wife Shaunie Married to Someone else now?
Moreover, he is the first athlete to become a Billionaire. Combine these with his exploits on the court, you get one of the most respected and celebrated athletes of all time.
Edited by:
Deepakshi Chaudhary