Nike Net Worth 2020

Nike is a well-known American company throughout the world, specializing in the design, development, manufacture, marketing, and global sales of shoes, clothes, equipment, and accessories …
Nike was opened in 1964 in partnership with Bill Bowerman and Phil Knight.

As of 2020, the net worth of Nike is roughly $ 34.8 billion.

Let’s learn more about Nike’s history, products, and net worth in 2020 …

Nike history:

The company was founded on January 25, 1964, by Bill Bowerman and Phil Knight in Beaverton, Oregon, and named Blue Ribbon Sports (BRS). The company’s slogan is “Just do it”.

BRS achieved good results from its first year, selling over 1,300 pairs of Japanese running shoes for a total of $ 8,000, and in the following year, the sales reached $ 20,000.

The company decided to open its first retail store on 3107 Pico Boulevard in Santa Monica, California in 1966.

Due to increased sales, BRS expanded its retail and distribution operations on the East Coast, in Wellesley, in 1967.

In 1971, the relationship between BRS and Onitsuka Tiger ended, the brand was changed to “Nike”, and the newly designed Swoosh would carry Caroline Davidson. And it was registered with the US Patent and Trademark Office on January 22, 1974.

The company has continued to succeed in the present day to become the largest supplier of sports shoes and clothes and a major manufacturer of sports equipment in the world.

All this led to an increase in the net worth of the company, as the value of Nike reached 19 billion dollars in 2014, and continued to rise, reaching 29.6 billion dollars in 2017, and then 36.39 billion dollars in 2018.

In the same year, Nike ranked 89th on the Fortune 500 list of the largest US companies by total revenue.

As for the year 2020, it achieved great success, bringing Nike’s net worth to $ 34.8 billion, and it employed more than 75,400 people around the world.

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Nike Products:

Nike produces a wide range of sports equipment. Including shoes, shirts, and clothing for sports activities for all sports, including soccer, basketball, track and field, baseball, ice hockey, tennis, lacrosse, cricket, combat sports, and cross-training for men, women, and children …

The company recently teamed up with Apple Inc. To produce a Nike + product that monitors a runner’s performance via a radio in the shoe connected to an iPod nano.

Nike has produced many other sportswear such as shell suits, baseball caps, Air Jordans Shoes, Air Force 1’s, and Air Max.

The sneakers and limited-edition models were known for a regional early release as Quickstrikes and became highly desirable items for teenage members of the sneaker subculture.

It also released Nike Elite Basketball Socks as daily wear for hip-hop fans and toddlers in bright colors inspired by official basketball uniforms.

Nike introduced a premium line, which focused more on streetwear than sports wear called NikeLab.

She continued to develop her products and launched a plus-size clothing line featuring new sizes from 1X to 3X on more than 200 products in 2017. Then she refreshed the classic basketball shoe and produced Chuck Taylor All-Star Modern.

As of 2020, the net worth of Nike is roughly $ 34.8 billion.

Nike Net Worth in 2020:

As of 2020, Nike’s net worth is roughly $ 34.8 billion, it increased by $ 2 billion over its value in 2019.

This is due to the increase in shoe sales in 2020, which accounted for 24 billion dollars of its revenues.

Most of the company’s sales are outside the United States, and it accounts for about 59% of Nick’s sales.

Nike spent $ 3.75 billion in marketing and advertising in 2019 alone to improve visibility and reach.

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All this increases the value of the company “Nike” and makes it among the leading companies in the field of clothing and sports equipment in the world, which leads to an increase in its net worth.