Michael Jordan Filed 80 Lawsuits Against Chinese Company and Won Big After “Emotional Damages” Were Proved

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.