THROW THURADAY: Do You Remember, Larry Johnson's Famous Converse Shoe Commercials? Nike Incorporated and Converse are now one parent company; Nike owns converse products and/or sports apparel manufacturers. In the financial year of 2023, Nike ( and Converse) generated a global revenue of approximately 51.2 billion U.S. dollars . Now You Know: Larry Johnson made a $1 million from Converse, Michael Jordan changed his deal with Nike which led him to become a billionaire. Larry Johnson's $1 million shoe deal with Converse topped Michael Jordan's Nike contract in 1991; but Michael Jordan contract was modified-this modification enable Michael Jordan to become a billionaire in which, he continues to receive royalty payments. Lessons Learned: Not All Contracts Are Equal
Our Motto: "Boundless Blessings"
Faith, Family, Fathers & Foundations create 'Boundless Blessings.' GoFundMe Link: https://www.gofundme.com/f/urban-initiatives-ui