@richmanparadise: Michael Jordan’s mom made sure her son got the deal he deserved—one that turned him into a billionaire. 💰 Back when Jordan was just an up-and-coming star, Nike wanted to sign him. But at the time, athletes didn’t usually get a commission on every shoe sold under their name. Instead, they were just paid a flat endorsement fee. But Jordan’s mom wasn’t about to let that slide. She knew her son’s worth, and so did the salesman negotiating the deal. They saw the bigger picture. 👀 Because of this, they secured a game-changing agreement: Michael Jordan would receive a percentage of every Air Jordan sold. Fast forward to 2023—Nike sold $6.6 billion worth of Jordan sneakers. 👟 And with his 5% royalty, Jordan made between $300 million to $400 million in that year alone. That’s the power of knowing your worth and negotiating the right deal. #michealjordan #Nike #business #businessman #deals #negotiate #negotiating #wealth #success #billionaire Movie: Air

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Thursday 13 March 2025 04:40:15 GMT