The Converse Company, a name synonymous with sneakers, was founded in 1908 by Marquis Mills Converse. Initially, the company was known for producing rubber soled footwear, but it was their iconic design, the Chuck Taylor All Star, introduced in 1917, that truly launched them into fame. This high-top basketball shoe, endorsed by the legendary player Chuck Taylor, became a staple in American culture, with its simple design and canvas upper making it a favorite among athletes and casual wearers alike.

Converse Company’s Current Net Worth (2025)

As of 2025, Converse Inc., owned by Nike, has an estimated net worth of $12.4 billion. This figure is based on the latest available information and reflects the company’s global presence and iconic brand value.

Career

Founded in 1908, Converse began as a rubber shoe manufacturer. It introduced the All Star basketball shoe in 1917, which became a cultural icon. In 1923, the company hired Chuck Taylor, who promoted the shoe and became synonymous with it. Converse was acquired by Nike in 2003, but continues to operate as a distinct brand.

Other Ventures

Converse has expanded beyond footwear to include apparel and accessories. It has collaborated with numerous artists, designers, and brands, such as John Varvatos, fragment design, and Tyler, The Creator. Converse also supports various community initiatives and sports programs.

Assets

Converse’s primary assets include its global brand recognition, extensive trademark portfolio, and strong distribution network. The company operates in over 160 countries and owns several manufacturing facilities. Its headquarters are in Boston, Massachusetts.

Annual Income

Converse’s annual revenue in 2021 was $2.3 billion. This represents a significant portion of Nike’s total revenue, reflecting the enduring popularity and profitability of the Converse brand. The company’s annual income has shown steady growth over the years.

Frequently Asked Questions about  Converse Company

Frequently Asked Questions: Converse Company Net Worth

1. What is the Converse Company’s net worth?

The Converse Company’s net worth is estimated to be around $3 billion.

2. Who is the owner of Converse?

Converse is a subsidiary of Nike, Inc. Nike acquired Converse in 2003.

3. When was Converse founded?

Converse was founded in 1908 by Marquis Mills Converse.

4. Where is Converse headquarters located?

Converse’s headquarters is located in Boston, Massachusetts, USA.

5. What are some of Converse’s most popular products?

Converse is known for its basketball shoes, particularly the “Converse Chuck Taylor All Star” or simply “Chucks”. They also offer a range of apparel and accessories.

6. How many employees does Converse have?

Converse has over 6,000 employees worldwide.

7. What is the market value of Converse?

The market value of Converse is around $1.5 billion.

8. Where can I buy Converse products?

Converse products can be purchased from their official website, authorized retailers, and various online marketplaces.

9. Does Converse sponsor any sports teams or athletes?

Yes, Converse sponsors several sports teams and athletes, primarily in basketball.

10. What is the history behind the Converse “Chuck Taylor” shoe?

The Converse “Chuck Taylor” shoe was introduced in 1917 and is one of the most iconic basketball shoes of all time. It was named after Chuck Taylor, a basketball player who promoted the shoe in the 1920s.