Adidas' net worth: How much is Adidas worth? All the details and numbers
As one of the most famous brands in the world, Adidas' net worth has been one of the things many want to know. The brand came into the limelight recently after ending its partnership with rapper and musical artist Kanye West, who is now known as Ye, over his anti-semitic remarks. So, what is Adidas' net worth?
Adidas is important in the sporting world as they are one of the best fashion giants responsible for athletes' clothes, jerseys and footwear. They have great sportsmen like Lionel Messi, Paul Pogba, Moh Salah, and others under their wing. They sponsor massive clubs such as Manchester United, Real Madrid, Juventus and Arsenal. Read on to learn more about the Adidas company net worth and its sources of income.
|CEO's net worth||$70 million|
|CEO's salary||$7.23 million|
|Company net worth||$20.19 billion|
|Most sales||Greater China|
Adidas net worth 2023
The company boasts of a very profitable 2022 and is looking forward to the 2023 year ending in high sales, even after a profitable partnership with Kanye West was terminated. The net worth of Adidas is estimated to be about $20.19 billion. They mainly get their net worth from revenue generated from sales.
Their revenue from sales has been estimated to have grown by 16%. Their total revenue increased by 15%, which is an incredible achievement. So, what is the total revenue of Adidas? They have a total revenue of $22.38 billion.
Adidas CEO's net worth
The company's CEO is Kasper Rorsted. He is also a member of the executive board of the establishment. He gets a massive salary of close to $7.23 million, making him the highest-paid executive at the company. The 58-year-old's net worth is estimated to be about $70 million.
Who is the owner of Adidas?
One Adi Dassler started the company in August 1949 after a failed run in 1924. He started with 47 employees in Herzogenaurach, Germany, in his quest to provide athletes with the best equipment. His first wins were gold medals in Amsterdam in 1928 and in Berlin.
What are Adidas' total assets?
For the year quarter ending on the 30th of June 2022, The company's total assets were worth $22.693 billion. This is a decrease from the previous year's $26.19 billion.
Who owns the most Adidas stock?
Manning and Napier Advisors LLC own more stock than the other company shareholders. They have 173087 shares of the company owned, which translates to around $8.5 million, which is massive. The second-highest stock owner is BBR Partners LLC, with stock worth $7.74 million.
What country sells the most Adidas?
China sells the most Adidas products out of any other country. They contributed to 22% of Adidas' net sales for 2021. The other lucrative regions for Adidas include Europe and North America.
Who is worth more, Nike or Adidas?
As of 2023, Nike is estimated to be worth around $34.35 billion. Adidas' net worth is estimated to be around $20.19 billion, less than Nike's. Nike also makes more sales compared to Adidas.
How much is Yeezy worth in 2023?
The Yeezy brand was estimated to be worth between $3.2 billion and $4.7 billion. The value still needs to be reevaluated, especially after the fallout between Adidas and Kanye West after his remarks. However, the end of the partnership led West's net worth to plummet, hence losing his billionaire status.
Adidas' net worth is estimated to be around $20.19 billion. It is one of the most lucrative sports apparel providers in the world. Their partnerships with star athletes like Lionel Messi, Paul Pogba and Moh Salah, among others, have also helped push the brand further.
They are also responsible for the jerseys of most teams, such as Spanish giants Real Madrid and Premier League team Manchester United.
READ ALSO: Which is the best boxing brand in the world at the moment?
Sportsbrief.com also reported about the best boxing brands in the world at the moment. Boxing is one of the biggest sports in the world, attracting fans everywhere. In turn, this attracts great brands that sponsor athletes and events. These brands include Ringside, Venum, Everlast and Title Boxing.
Which is the biggest boxing brand? Is your favourite boxer from it? Click on the link above to find out!
Source: Sports Brief News