How much is Adidas net worth in 2022
Adidas is one of the largest manufacturers of sportswear and shoes in the world, so it is hard to know the exact amount of adidas net worth, but as it is the first company to manufacture sportswear in Europe, in the second place we found the largest company in the world Nike.
Adidas is a multinational corporation that produces shoes and clothing. It was founded by Adolf Dassler in 1949 and became the largest sportswear manufacturer in Europe.
The company was originally called “Gebrüder Dassler Schuhfabrik.” The name was changed to Adidas in 1948.
It has been headquartered in Herzogenaurach, Bavaria, Germany since 1949.
As of this writing, Adidas’ net worth is roughly $64.9 Billion, with revenues of $23.83 Billion – one of the highest income the company has recorded. Footwear accounts for the most sales, with more than 50% of its turnover.
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How Did The Brand Start ?
At the end of World War I, the brothers Adolf and Rudy worked together and founded the company of the Dassler brothers.
They first manufactured expensive shoes, then in 1936, they thought about making sports shoes in an orderly and coordinated manner, and here was the real start of the company, which made the demand for those shoes increasing, and pushed the Dassler brothers to expand the factory.
The brothers split up, and each established a company: Rudi Dassler, Puma Sports Company, and Adolf Dassler, Adidas, and the company was officially registered on August 18, 1984.
Its global reach increased when the German Olympic team officially wore its shoes in 1952. The sportswear and shoes manufactured by the company became worn by the famous athletes in the world, and it became very popular among people, and it is one of the most important well-known brands.
It is definitely one of the world’s leading sporting goods manufacturers nowadays, it has a net income of €674 billion and that can take us to adidas net worth to be about $64.9 billion as of 2022.
Inventions
Between 1993 and 2000, Adidas acquired the Salmon Company to produce ski wear, and then acquired Taylor Mad Golf and Max Filly to compete fiercely with Nike Golf.
In 2005, Adidas bought Reebok for $3.8 billion. And it launched the world’s first athletic shoe that can perform about five million calculations per second, and works using small batteries that are replaced every hundred hours.
The following year, Adidas entered into an 11-year agreement with NBA, which will make it the official supplier to NBA, WNBA, and NBDL in Jersey.
In 2015, Runstatic was acquired by Adidas. In 2017, TaylorMade sold for $425 million.
Today, Adidas is made up of a group of companies, namely Reebok Sportswear Company, Taylor Mad Adidas Golf Company, and Rockboot Mad Adidas Company.
All this helped to increase the company’s sales, which means that the net worth of Adidas also rises to more than 64.9 billion dollars.
Logo evolution
Adidas ads
The brand has appeared in many games, most notably: Commodore Amiga: Daley Thompson’s Olympic Challenge, Sony PlayStation: Adidas power soccer, Commodore 64, ZX Spectrum, and Amstrad CPC: Adidas Championship Football.
They have also worked with many celebrities, the most famous of them being: Beyoncé, Kanye West, Pharrell Williams, and Stan Smith to create some of the company’s most prominent and sought-after works.
The company has also collaborated with well-known designers, including Jeremy Scott, Alexander Wang, and Raf Simons.
Here you can find a list of Adidas sponsorships.
Products
1. Adidas is involved in many sports, such as running, tennis, basketball, and croquet.
2. Manufactures various products of garments and shoes.
3. International fashion, perfumes, and deodorants.
4. Men’s clothes and underwear.
5. The distinctive sports b.
6. Famous sports watches.
Summary
Adidas is a German multinational corporation in the fashion industry, which was founded by Adolf (Adi) Dassler. The company’s headquarters are in Herzogenaurach, Bavaria, with a net worth of $64.9 billion as of 2022.
Adidas was founded on 18th August 1949 by Adi Dassler who became known as “the shoe king” or “shoe meister” in German. He named his company “Adi Dassler Sportschuhfabrik” which translates to English as “Adi Dassler Shoe Factory”.
The relationship between the company and its products goes back more than one hundred years to the year of 1949.
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