Net Worth

Mark Parker Net Worth

Updated January 2, 2020
3 min read

How much is Mark Parker worth? $250 Million

How did Mark Parker earn his money and wealth?

Mark Parker was born on 21 October in 1955. He is the CEO of Nike, Inc. Mark has been serving the CEO of Nike since 2006. Mark Parker is known for bringing innovative concepts for his brand. Parker’s connection with Nike is very old. He first joined Nike in 1979 as a footwear designer in Exeter, New Hampshire and served at many different positions. In 1987, he became the Division Vice president, Corporate Vice president in 1989, General Manager (1993) and Vice President of Global footwear in 1998.

Before becoming the Vice-President of Nike, he also served as the co-president of Nike in 2001. Even after becoming the Chief Executive officer of Nike, he still looks after the designs of Nike along with the designer of the Nike Tinker Hatfield. During his tenure as the CEO, he always designed keeping in mind that it should be environmentally friendly. After working for 10 years, Parker along with his team designed the first ever “Green Shoe” that follows the principles of sustainability.

Parker also takes care of other Nike brands like Converse Inc. and Hurley International. While CEO of Nike in 2012, Mark G. Parker earned a total payment of $16,425,608, which included a base price of $1,609,615, stocks grant of $3,500,087, a cash bonus of $594,190 and non-equity incentive plan compensation listed at $5,522,466. In 2016, After being jumped to a higher position of chairman, Mark Parker’s reimbursement boosted to $47.7 million from which $33.6 million came out of stock rewards.

Parker was also awarded as the Businessperson of the year in 2015 by Fortune. In 2015, It was reported that Mark Parker is will be the new company chairman of Nike, replacing Phil Knight, in 2016. In 2016, he listed at the 14th position in the list of highest-paid CEOs in New York Times with a yearly gross of 47.6 million. 2017 was not a good year for him in terms of business as he faced a downfall in terms of Nike sales and took a 71% net cut and the dismissal of more than 1,000 employees.

Parker is a passionate arts follower with a far-reaching ongoing collection of modern and underground contemporary art, along with many other collections of art. Prominent artists from Parker’s collection involve Mark Ryden, Adonna Khare, Todd Schorr, Eric White, Tim Biskup, Sebastian Kruger, Glennray Tutor, Charles Krafft, Andy Warhol, Robert Crumb, Sarina Brewer, Chris Mars, and Michael Leavitt.

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