|Net Worth:||$145 Billion|
What is Nike’s net worth? How does Nike Inc make its money? Below is the current net worth of Nike Inc and how Nike Inc makes its money.
What is Nike’s Net Worth?
Nike is an American multinational corporation that has a net worth of $145 Billion. Its activities include designing, creating, producing, promoting, and selling footwear, clothing, equipment, accessories, and services on a global scale.
The company is located near Beaverton, Oregon in the greater Portland area. It generates more than US$37.4 billion in revenue, in the fiscal year 2020, making it the largest producer and supplier of athletic apparel and footwear globally.
It employed 76,700 employees globally as of 2020. It was the most valuable brand among sports firms in 2020 with a brand worth almost $32 billion. Previously, the Nike brand was worth $29.6 billion in 2017.
Nike was listed as the 89th largest American company in terms of total revenue on the Fortune 500 list in 2018. Bill Bowerman and Phil Knight established the business on January 25, 1964, when it was incorporated as “Blue Ribbon Sports.” The organization became Nike, Inc. on May 30, 1971.
Nike, the Greek goddess of triumph, is credited with giving the corporation its name. The brands Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, and Nike CR7 are all used to sell the company’s products in addition to its own.
Other brands that Nike sells its goods under include Jordan Brand and Converse. Along with Cole Haan, Umbro, and Hurley International, Nike also owned Bauer Hockey from 1995 until 2008.
The company, which goes by the name Niketown, has retail locations in addition to producing athletic apparel and equipment. With their well-known trademarks “Just Do It” and the Swoosh emblem, Nike sponsors a number of well-known athletes and sports teams all around the world.
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