Micheal Jordan's Annual Nike Royalty Check to rise astonishingly after record sales of Nike's Jordan brand sneakers
Micheal Jordan
First American-born professional athlete to become a billionaire
Greatest basketball player of all time
Michael Jordan's net worth is $2.2 billion. Michael Jordan is still, quite possibly, the most popular basketball player on the planet.
In 2022, the Jordan brand crossed the $5 billion revenue mark for the first time. As a result, Jordan was paid approximately $200 million in royalties from his Jordan brand sales
These numbers are consistent with Michael and Nike's historical performance. For example, in 2015, Nike generated $30 billion in total revenue, with $2.6 billion coming from the Jordan brand.
If the Jordan brand continues to generate around 10% of Nike's overall revenue, that would mean the Jordan brand would be generating around $9 billion for Nike by 2030
Nearly 77% of players in the NBA are wearing Nike or Jordan Brand sneakers, this shows the popularity of Micheal Jordan
He is still so famous that 10% of Nike sales revenue comes from Jordan brand sneakers sales beating every other sportsperson
Royalties from Nike and ownership of Charlotte Hornets are his major source of income which is set to increase every year