Adidas Net Worth: – Adidas is a prominent name in the world of sports apparel, with an estimated net worth of $20.19 billion. Let’s delve into the various aspects of this renowned company:
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Table of Contents
Profile summary
| Name | Adidas |
| Owner | Adi Dassler |
| Established | 1924 |
| CEO | Kasper Rorsted |
| CEO’s net worth | $70 million |
| CEO’s salary | $7.23 million |
| Company net worth | $20.19 billion |
| Most sales | Greater China |
| Revenue | $22.38 billion |
Adidas in 2023
Adidas has had a profitable 2022 and looks forward to a successful 2023, despite ending their partnership with Kanye West. The company’s revenue from sales grew by 16%, contributing to their total revenue of $22.38 billion.
Adidas CEO
Kasper Rorsted, serving as the CEO, earns a salary of nearly $7.23 million and has an estimated net worth of $70 million.
Adidas’ Ownership History
Adi Dassler founded Adidas in August 1949 in Herzogenaurach, Germany. The company’s origins date back to 1924, marking significant achievements such as gold medals in the 1928 and 1936 Olympics.
Adidas’ Total Assets
As of June 30, 2022, Adidas’ total assets were valued at $22.693 billion, a slight decrease from the previous year’s $26.19 billion.
Major Shareholders
Manning and Napier Advisors LLC owns the most Adidas stock, with 173087 shares valued at approximately $8.5 million. The second-largest shareholder is BBR Partners LLC, with stocks worth $7.74 million.
Global Sales
China is the top-selling country for Adidas products, contributing to 22% of the company’s net sales in 2021. Europe and North America are also significant markets.
Comparison with Nike
Nike’s estimated worth is around $34.35 billion as of 2023, surpassing Adidas’ $20.19 billion. Nike also leads in sales compared to Adidas.
The Yeezy Brand
The Yeezy brand, formerly in partnership with Adidas, was valued between $3.2 billion and $4.7 billion. However, the brand’s value and Kanye West’s net worth have been affected following their partnership’s termination.
Adidas’ Sports Partnerships
Adidas has secured partnerships with star athletes like Lionel Messi, Paul Pogba, and Mohamed Salah. They are also the jersey providers for football clubs like Real Madrid and Manchester United.
Adidas Net Worth
$37.61B
Adidas AG net worth as of November 20, 2023 is $37.61B. Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance.
The Best Boxing Brands
In the boxing world, top brands like Ringside, Venum, Everlast, and Title Boxing dominate. These brands play a crucial role in sponsoring athletes and events, contributing significantly to the sport’s global appeal.
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FAQs About Adidas
- What is Adidas’ main source of income?
- Adidas’ primary source of income comes from its sales of athletic apparel, footwear, and accessories. The company has a strong global presence, with significant revenue generated from diverse markets, especially Greater China.
- How has Adidas’ partnership with athletes influenced its brand?
- Partnerships with high-profile athletes like Lionel Messi, Paul Pogba, and Mohamed Salah have significantly boosted Adidas’ brand visibility and appeal. These collaborations often lead to exclusive product lines and marketing campaigns, enhancing Adidas’ reputation in the sports world.
- What was the impact of the Adidas-Kanye West partnership termination?
- The termination of the partnership between Adidas and Kanye West, particularly over the Yeezy brand, impacted both parties. For Adidas, it meant a reassessment of their product line and marketing strategies, while for Kanye West, it led to a substantial decrease in his net worth and loss of his billionaire status.
- How does Adidas compare to its main competitor, Nike?
- As of 2023, Nike holds a higher market value ($34.35 billion) compared to Adidas ($20.19 billion). Nike also tends to generate more sales globally. However, both brands are leaders in the sports apparel industry, each with its unique strengths and market strategies.
- What is the historical significance of Adidas in the sports industry?
- Adidas has a rich history dating back to 1924, with its founder Adi Dassler’s commitment to providing athletes with the best equipment. The brand gained early recognition through Olympic successes and has since been a staple in various sports, known for its innovative designs and contributions to sports technology and fashion.
