How Much is Adidas Worth? Adidas AG Net Worth 2010-2023
As a great fan of this great brand, you might have been wondering how much is Adidas worth, Well you are not alone. Read through this article to know how much this company has made over the years.
The net worth of Adidas, one of the most well-known companies in the world, is something that many people are interested in knowing. So really how much money is Adidas worth?
Adidas is quite important in the athletic world since they are one of the top fashion giants in charge of designing the clothes, jerseys, and footwear worn by athletes.
They have world-class athletes like Mo Salah, Paul Pogba, Lionel Messi, and others under their care. Major sports teams including Manchester United, Real Madrid, Juventus, and Arsenal are sponsored by them.
Company’s Profile Summary
|CEO’s Networth||$70 million|
|CEO Salary||$7.23 million|
|Company Net worth||$20.19billion|
|Most Sales||Greater China|
How Much is Adidas Worth?
According to Macro Trends, Adidas’s net worth is pegged at $20.19 billion. This is not shocking because the brand stated that 2022 was an excellent year.
The corporation said in a statement that its sales increased by 16% and that its revenues rose by 15% to €21.234 billion in 2021.
The company’s gross margin improved to 50.7% in the same year, up 0.7 percentage points. With all of this in mind, the business sought to perform better in 2023.
It has been calculated that their sales revenue has increased by 16%. This is a remarkable accomplishment because their total revenue climbed by 15%. They generate $22.38 billion in revenue.
Adidas CEO’s Net worth
Kasper Rorsted serves as the company’s CEO. He serves on the organization’s executive board as well.
He is the highest-paid executive at the corporation because of his enormous pay of about $7.23 million. The net worth of the 58-year-old is thought to be around $70 million.
Who is the Owner of Adidas?
The company was established by Adi Dassler in August 1949 after a failed run in 1924.
It began with 47 employees in Herzogenaurach, Germany, in his quest to give athletes the best sporting gear. Adi Dassler won his first gold medals in Amsterdam in 1928 and in Berlin.
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How Much did the Brand Make from Yeezys?
According to the New York Post, Jonathan Komp, a Baird analyst, calculated that the brand was generating about $1.8 billion in yearly revenue as a result of the partnership.
The band also acknowledged in the statement that they had predicted Adidas would “have a short-term detrimental impact” on the company’s net profitability in 2022 of up to €250 million.
Ye, whose net worth decreased from $1.5 billion to $400 million as a result of the purchase, has also been affected. He is no longer listed among the Forbes billionaires.
Adidas AG Net Income 2010-2023
The company’s Net income is the company’s Net profit or loss after all its revenues, expenses, and income items have all been accounted for.
- The company’s net income for the quarter ending September 30, 2022, was $0.349B, a 69.13% decline year-over-year.
- Adidas AG’s net income for the twelve months ending September 30, 2022, was $1.424B, a 41.39% decline year-over-year.
- Adidas AG’s annual net income for 2021 was $2.503B, a 407.31% increase from 2020.
- The company’s annual net income for 2020 was $0.493B, a 77.7% decline from 2019.
- Adidas AG’s annual net income for 2019 was $2.213B, a 10.1% increase from 2018.
The company feels that 2023 is a promising year and is expected to end on a high note after its fiscal year.
Who Owns the Most Adidas Stock
It is said that Manning and Napier Advisors LLC has more stock than the company’s other shareholders.
A total of 173087 shares are owned by them, which amounts to $8.5 million, which is huge. The second-highest stock owner is BBR Partners LLC which is also worth $7.74 million.
What are the Total Assets of Adidas?
The company’s total assets for the quarter that ended on June 30, 2022, were valued at $22.693 billion.
Compared to the $26.19 billion in the prior year, this is a drop.
Knowing how much this company is worth especially since it started operations ever since is quite exciting.
The company seems to be waxing stronger year in and year out albeit its minor losses. It does clearly bounce back.