Michael Jordan’s apparel brand with Nike hit a major milestone in the last fiscal quarter.
According to Sole Collector, Nike announced that the Jordan Brand made $1 billion during the second fiscal quarter. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football)
During the last fiscal year, Jordan Brand made just north of $3 billion.
Airness still making history @brkicks pic.twitter.com/HhyW2HARq9
— Bleacher Report (@BleacherReport) December 21, 2019
In case you were wondering whether or not Michael Jordan, who won six rings with the Chicago Bulls, is a very wealthy man, this should be all you ever need to hear.
He hasn’t played basketball since 2003, and his name still generates massive revenue for Nike.
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There’s a reason Michael Jordan is estimated to be worth about $2 billion, and it has very little to do with contract money made in the NBA.
It has virtually everything to do with who Michael Jordan is as a brand. Despite not playing in nearly two decades, people still want to rep his name, image and brand.
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Something tells me this will be the first of many fiscal quarters that Michael Jordan’s apparel brand earns more than $1 billion.