Thanks to his exploits both on and off the basketball court, Michael Jordan has turned into a household name. Interestingly enough, his name holds immense power. Several lawsuits against a Chinese company proved the same.

According to reports, Jordan won a case surrounding a Chinese company using MJ’s name. Moreover, he received a good chunk of money from the company following his victory in the lawsuit.

Michael Jordan wins long-running lawsuit

Who doesn’t know Michael Jordan? The Chicago Bulls legend made a name for himself on the basketball court as he won 6 NBA titles and established himself as one of the greatest players ever.

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Moreover, he has had a successful business venture after retirement. His iconic Jordan brand rakes in most of his income and has helped him become a Billionaire.

The Chinese company lawsuit case is the perfect example of Jordan showing how much power his name holds. According to reports, Jordan and his team filed 80 lawsuits against a Chinese company using MJ’s name.

A Chinese sportswear and shoe manufacturer, Qiaodan, paid $46,000 after a court found them guilty of using his name. For the uninitiated, the name ‘Qiaodan’ translates to Jordan in Chinese. Furthermore, the addition of $7,600 in legal expenses means the total sum amounts to $53,600.

Considering Michael Jordan’s massive net worth, this sum amounts to almost nothing. He has a whopping net worth of around $1.7 Billion according to Forbes.

Interestingly enough, he earned only around $90 million in salary! However, his marketability ensured he received brand deals that made him a Billionaire. It is not only the Jordan brand that brings in most of his income. Jordan is the majority owner of the Charlotte Hornets and is also the owner of a NASCAR team.

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Moreover, he is the first athlete to become a Billionaire. Combine these with his exploits on the court, you get one of the most respected and celebrated athletes of all time.