Mark Parker Net Worth (Updated 2025).
Mark Parker, born in 1954, began his career in the footwear industry at a young age. Growing up in New Hampshire, he started working at a local shoe store during high school, where he developed a passion for the business. This early exposure led him to pursue a degree in Political Science at the University of Oregon, but his heart remained in the shoe industry. After graduation, he moved to California and landed a job at Nike in 1979 as a territory manager, selling shoes out of the trunk of his car. His dedication and hard work quickly caught the attention of his superiors, and he was promoted to various roles within the company.
**Mark Parker’s Current Net Worth (As of 2025)**
As of 2025, Mark Parker’s net worth is estimated to be around $400 million. This significant figure is a testament to his successful career and strategic investments.
**Mark Parker’s Career**
Mark Parker, born on October 28, 1955, is an American businessman and former chairman, president, and CEO of Nike, Inc. He joined Nike in 1979 as a territories manager and rose through the ranks to become the CEO in 2006. Parker is credited with driving Nike’s global expansion and innovative product development during his tenure.
**Mark Parker’s Other Ventures**
Beyond Nike, Parker has invested in various startups and ventures. He is a co-founder of the Longevity Fund, a venture capital firm focused on extending healthy human lifespan. He also serves on the board of directors for several companies, including Apple Inc.
**Mark Parker’s Assets**
Parker’s assets include a sprawling estate in Portland, Oregon, valued at over $10 million. He also owns a luxury apartment in New York City and has investments in real estate, stocks, and bonds. His art collection, featuring works by artists like Jean-Michel Basquiat and Andy Warhol, is estimated to be worth tens of millions of dollars.
**Mark Parker’s Annual Income**
During his time at Nike, Parker’s annual compensation was substantial. In 2020, his total compensation was over $24 million, including salary, stock awards, and other compensation. Since retiring from Nike in 2020, his annual income has primarily come from his investments and board seats.
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Frequently Asked Questions about Mark Parker
**Frequently Asked Questions: Mark Parker Net Worth**
1. **What is Mark Parker’s net worth?**
Mark Parker’s net worth is estimated to be around $150 million.
2. **How did Mark Parker make his money?**
Mark Parker made his fortune primarily through his career at Nike, where he served as the CEO from 2006 to 2020. He also held various other executive roles at the company before that.
3. **What is Mark Parker’s salary at Nike?**
As of 2021, Mark Parker’s base salary at Nike is $2 million. However, his total compensation can vary significantly due to stock awards and other forms of compensation.
4. **When did Mark Parker become the CEO of Nike?**
Mark Parker became the CEO of Nike in 2006, succeeding Phil Knight, the company’s co-founder.
5. **How long has Mark Parker been with Nike?**
Mark Parker has been with Nike since 1979, making him one of the company’s longest-serving executives.
6. **What is Mark Parker’s role at Nike now?**
After stepping down as CEO in 2020, Mark Parker became the Executive Chairman of Nike’s Board of Directors.
7. **What is Mark Parker’s educational background?**
Mark Parker graduated from Penn State University with a degree in political science. He also attended the University of Oregon’s MBA program.
8. **What are some of Mark Parker’s notable achievements at Nike?**
Under Parker’s leadership, Nike’s revenue grew from $14.9 billion in 2006 to $39.1 billion in 2020. He also oversaw the development of several innovative products and technologies, such as Nike Flyknit and Nike Plus.
9. **What is Mark Parker’s philanthropic work like?**
Mark Parker is known for his philanthropic efforts, including supporting education, health, and community development initiatives. He is also a significant donor to the University of Oregon and Penn State University.
10. **What is Mark Parker’s leadership style?**
Mark Parker is known for his hands-on, collaborative leadership style. He is also credited with fostering a culture of innovation and creativity at Nike.