Yes, Michael Jordan still owns his royalties of Air Jordan and is said to earn an estimated 5% on every Jordan sale Nike makes. As of today, Michael Jordan has earned over $1.4 billion from the Jordan brand till date. His yearly revenues are said to amount to over $60 million every year.Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under the Jordan Brand. The silhouette of Michael Jordan served as inspiration to create the "Jumpman" logo.Instead, Michael Jordan gets royalties from the footwear company. More specifically, Jordan gets 5% of the earnings from Jordan Brand. Considering that the brand made over $5 billion in 2022, Jordan's cut was very significant.
How much does Michael Jordan earn from Nike each year : Michael Jordan's Brand Earns Him $330 Million Per Year, Dwarfing His NBA Earnings; Rates Back to April Levels. Michael Jordan earned $94 million just for playing basketball over the course of his entire career.
Does Michael Jordan still earn money
Yes. Nike still produces Air Jordans—reportedly, there's no end in sight—and therefore, Jordan still gets paid by the company behind the Swoosh.
Who is the 3 richest NBA player : 2023-2024 Player Salaries
| RK | NAME | SALARY |
|---|---|---|
| 1 | Stephen Curry, PG | $51,915,615 |
| 2 | Kevin Durant, PF | $47,649,433 |
| 3 | LeBron James, SF | $47,607,350 |
| 4 | Nikola Jokic, C | $47,607,350 |
The Jordan Brand operates as a sub-division within Nike, and while Jordan's collaboration with the company has been highly significant, he does not have an ownership stake in Nike itself.
The "Jumpman" logo is owned by Nike to promote the Air Jordan brand of basketball sneakers and other sportswear. It is a silhouette of former NBA player and current Charlotte Hornets minority owner Michael Jordan.
Did Nike really pay Jordan’s fines
The NBA wasn't too happy about Jordan's flashy kicks and started fining him $5,000 for each game he wore them. But that didn't deter Jordan or Nike. In fact, Nike embraced the controversy and even paid Jordan's fines. They turned it into a marketing goldmine.Like most NBA stars, the biggest deal for both is their shoe contracts. James signed a lifetime deal with Nike in 2019 that pays more than $30 million annually.How much does MJ make a day Michael Jordan slam dunks during the NBA Finals in June 1991. Jordan has a net worth of $3 billion. Though it's impossible to say how much his Airness makes in one day, that net worth equates to making about $5.5 million daily.
Ownership of Nike
The Jordan Brand operates as a sub-division within Nike, and while Jordan's collaboration with the company has been highly significant, he does not have an ownership stake in Nike itself.
Who is the lowest paid NBA player : Mouhamed Gyueye
Mouhamed Gyueye is currently the lowest-paid NBA player in the NBA this term. The Senegalese player was the 39th pick in the 2023 draft. Drafted by the Charlotte Hornets, he saw his rights traded to the Boston Celtics, who dealt him to the Atlanta Hawks.
Who is richer, Jordan or LeBron : Jordan's net worth is $1.7 billion, according to Forbes. Like Jordan, LeBron has maximized his off-court game to join the three-comma club. James has made roughly $415 million in player salary over 20 NBA seasons, but he has been the league's highest-paid player only once during that time.
Do people still buy Jordans
With a brand awareness of more than 90 percent, Jordan is one of the most well-known sneaker brands in the United States, and 25 percent of sneaker owners in the United States own a pair of Jordans.
Top 10 Most Expensive Nike Shoes Endorsements in 2024: From Kobe Bryant To Tiger Woods
- Michael Jordan: $60 million/year.
- Rory McIlroy: $25 million/year.
- Tiger Woods: $20 million/year.
- LeBron James, Basketball: $15 million/year.
- Rafael Nadal, Tennis: about $10 million/year.
- Derek Jeter, Baseball: $10 million/year.
The league cracked down on Jordan, fining him $5,000 each time he wore them in a game, but that did not deter Jordan or Nike. Nike relished the publicity and agreed to pay Jordan's fines, building a huge marketing campaign around the league's punishment.
Does Michael Jordan own any brands : 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 …