Jordan earned an estimated $80 million last year from corporate partners Nike, Gatorade, Hanes, Upper Deck, 2K Sports, Presbyterian Healthcare and Five Star Fragrances. The Jordan Brand, a division of Nike, is responsible for the vast majority of MJ’s earnings. It controlled 58 percent of the basketball shoe market in 2012, according to research firm SportsOneSource.
Full Story: Yahoo
Michael Jordan retired a long time ago but is still making that paper and is worth about $650 million. His sneakers are still as popular as they were when he was playing even though they cost more. Check the article for more details on Jordan’s business moves. Kids are going broke buying overpriced Jordans while he is sitting back stacking paper. Hopefully kids start to wake up and invest in their future more rather than fashion.