Hot topics close

What Is Ann Hebert's Net Worth? Her Son's Nike Shoe Reselling Explained

What Is Ann Heberts Net Worth Her Sons Nike Shoe Reselling Explained
What exactly was the salary and net worth of Ann Hebert prior to her stepping down as Vice President of Nike? Here's what we know about her role.

Although Joe claims that a lot of the profit he generates comes from general release shoes, which are massively discounted at one outlet that he is able to resell to another for a higher profit, the apex of his business comes from securing volume on highly coveted releases that often have low stock numbers to drive hype behind the product.

For example, Joe was able to secure dozens of pairs of the recently-released collaborative Off White and Nike Air Jordan Retro 5 sneaker, which sold out instantly and now command a resell price on markets such as StockX of around $1,000 a pair. 

The catch? 

He got his hands on every pair he owns for their retail price, $225. Thanks to clever computer programming, a full team, and some insight at Nike HQ, the clever salesman used the online marketplace to quadruple his initial investment.

Of course, while this is all well and good for the young entrepreneur, it is a clear deviation from Nike's official stance on reselling sneakers, which is that they do not condone the practice of it whatsoever.

Similar shots
News Archive
  • Texas school shooting
    Texas school shooting
    Gunman announced plan on Facebook minutes before school shooting, governor says
    24 May 2022
    3
  • Nick Carter
    Nick Carter
    'Fallen Idols': Nick and Aaron Carter Docuseries Revelations
    28 May 2024
    5
  • Gotham Knights
    Gotham Knights
    Gotham Knights: It’s the best of games, it’s the meh-est of games
    21 Oct 2022
    5
  • Outer Banks
    Outer Banks
    'Outer Banks' Eyes Potential Spinoffs As Netflix Series Heads Into ...
    7 Nov 2024
    11
This week's most popular shots