100,000 Nike shares would be over 180 million today and that’s not even including dividends and the more he would have got issued throughout his career. His cut of the shoe sales would have him in the billions
That is crazy. Magic would have probably sold those shares though.
Just FYI, for anyone wondering about Michael Jordan's deal in 1986 got him 500,000 per year for 5 years and his own shoe.
Photos show the rise and fall of Nike's iconic Air Jordan sneakers — and how the shoes are making a comeback 16 years after Michael Jordan's retirement
Another great episode.
ETA: 100K was a lot of money 1980s, y'all trippin. Plus he had other endorsement toos.
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