Founded by William Jay Bowerman and Philip H. Knight in 1964, Nike has grown to become the world's largest supplier and manufacturer of athletic shoes and apparel. The company designs, develop, markets, and sells athletic footwear, apparel, accessories, equipment, and services worldwide. Since its inception, Nike's net worth has kept increasing.
The sportswear brand was initially known as Blue Ribbon Sports before rebranding in 1971 after the Greek goddess of victory. The company released its first branded shoe in 1972 and went public in 1980. It sponsors top athletes like Cristiano Ronaldo, LeBron James, Rafael Nadal, and Tiger Woods.
|Company name||Nike, Inc.|
|Industry||Apparel, clothing, shoes, sports equipment|
|Founders||Bill Bowerman, Phil Knight|
|CEO||John J. Donahoe II|
|Type of company||Public|
|Employees||73,300 (as of November 2022)|
|Social media||Instagram, Facebook, Twitter|
Who is the owner of Nike?
Nike is a public company and is not owned by an individual. It was founded by University coach Bill Bowerman and his former student, Phil Knight. The company sells its products directly to consumers through its retail and digital platforms. It also uses independent distributors and retailers.
The American sportswear company has shareholders, including individuals and companies. It boasts powerful brands like N. Pro, N. Golf, and Air Jordan. The company offers the latest, premium, well-designed, and high-quality products for men, women, and children.
Who owns the most Nike stock?
Philip Knight is the largest shareholder, with 17% of shares. The second-largest shareholder holds about 6.9% of the shares outstanding, while the third owns 5.7%. Interestingly, only 50% of the ownership is controlled by the top 16 shareholders, meaning that no single shareholder has a majority interest in its ownership.
Vanguard Group, Inc (8.21%) is the top institutional shareholder of the Oregon-based company. BlackRock Fund Advisors (4.78%) is second, followed by SSgA Funds Management, Inc. (4.39%).
What is Nike's net worth in 2022?
The Nike company's net worth is valued at $166.2 billion as of 28 November 2022. The value is typically represented by its market capitalization or the current stock price multiplied by the number of shares outstanding.
How much does NIKE make a year?
Since 2011, the company has been making over $23.7 billion in revenue. It is the most valuable apparel brand globally, ending the likes of Gucci, Adidas, Puma, and Under Armour.
What is the total revenue of Nike?
According to the company's 2022 financial report, it generated a revenue of $46.9 billion. The value represented a significant increase compared to 2021, with $38.5 billion. However, Nike's revenue in 2020 was $39.3 billion.
What are Nike's total assets?
Over the years, the company's assets have increased and are expected to continue growing. As of 2022, its assets stood at $38.6 billion. An increase of about $2.4 billion compared to 2021. Its assets are projected to reach the $40 billion mark in the coming years.
Nike's CEO's net worth
The current Chief Executive Officer of the company is John Joseph Donahoe. He also serves as the President and Director of the Company. Previously, John was a board member before taking over as the CEO in 2019. John's estimated net worth is $135 million as of 9 November 2021.
Donahoe owns over 9,780 units of the company's stock worth over $7.18 million. He has sold stock worth over $74.69 million over the last 18 years. He gets a $53.5 million compensation from the company for his roles.
The net worth of Nike founders
The late Bill Bowerman founded the brand alongside Phil Knight. Bowerman was an American track and field coach and entrepreneur with an estimated net worth of $400 million. He died on 24 December 1999, aged 88. Meanwhile, Knight is still alive and has made $40 billion as an American businessman, sports fan, and philanthropist.
What country sells the most Nike?
The company operates in 46 countries and has over 700 shops worldwide. Many factories are located in the United States, Indonesia, China, Taiwan, India, Thailand, Vietnam, Pakistan, Philippines, and Malaysia. It also has a presence in Europe, South America, and Africa.
In 2022, North America accounted for 41% of the company's total revenue, while Europe, the Middle East, and Africa combined accounted for 28%. China generated 17%, and Asia and Pacific America managed 14%.
Most selling Nike product
Footwear accounted for 66% of the company's total revenue as of 2022. The produce generated about $29B worldwide. Apparel (clothing) contributed 30% with $13.6B income, while accessories and equipment made 4% with $1.62B.
Top Nike-sponsored athletes
The sportswear brand has established its dominance in sports by positioning itself alongside top athletes. The company has spent billions of dollars on athletes to promote its products and increase its scope globally. It signed a lifetime contract with Cristiano Ronaldo and LeBron James, two of the most famous athletes.
|Cristiano Ronaldo||Football||Over $1 billion||2016|
|LeBron James||Basketball||Over $1 billion||2015|
|Kevin Durant||Basketball||$60 million||2007|
|Rafael Nadal||Tennis||$10 million||1999|
|Tiger Woods||Golf||$40 million||1996|
|Russell Westbrook||Basketball||$35 million||2013|
|Carmelo Anthony||Basketball||$21 million||2003|
|Chris Paul||Basketball||$5 million-8 million||2002|
|Russell Wilson||American football||$35 million||2016|
|Giannis Antetokounmpo||Basketball||$9 million||2017|
Cristiano Ronaldo is one of the top athletes sponsored by the American entity. In 2018, the company generated about $474 million through Ronaldo's endorsements and fanbase.
Who is worth more, NIKE or Adidas?
Nike products are sold countrywide, with many young people preferring the brand to other close competitors like Adidas. Their products are often seen as stylish and trendy, qualities that appeal to many people.
Adidas generated $24.32 billion in revenue as of 29 November 2022. It is half of what Nike made ($46.9B) during the same period. Other top sports brands are Reebok, Under Armour, Puma, Fila, ASICS, Columbia Sportswear, Lotto, and Kappa.
Nike's net worth growth and progress make it a powerful brand that many people are proud to use its products. Its value is projected to grow along with its global assets. Through this, the company will employ more people.
Sportsbrief.com also settled the debate about the most skilful footballer between Neymar and Ronaldinho. The two Brazilians are known for their dribbling skills and ability to create chances and score beautiful goals.
Ronaldinho retired from football in 2018, but Neymar still plays for Paris Saint-German and Brazil's national team. Follow the above link to discover who between the two stands out.