Set to Become $250 Million+ Richer, is Billionaire Michael Jordan the Owner of the Jordan Brand?
Michael Jordan is among the greatest basketball players of all time. He led a title-less Chicago Bulls franchise to six championships. After retirement, he became a billionaire. The Jordan brand reportedly crossed $5 billion in annual revenue for the first time. And Jordan earned $150M+ from Nike last year alone. It is nearly twice his career NBA earnings.
the jordan brand
According to Nike, its recent fiscal year sales achieved $5 billion, up 31 percent from $4.7 billion in fiscal year 21.
Comparatively, Jordan Brand made almost what one of its competitors made. As of the close of 2021, Under Armour reported $5.7 billion in sales.
Who owns the Jordan Brand? Billionaire Michael Jordan?
Rather, it is a line of basketball shoes and athletic apparel produced by Nike, Inc.