Phil Knight & family Net Worth

Phil Knight Net Worth
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Phil Knight net worth

Current Net Worth$42.5 Billion (USD – 4,250 Crores), (Rupees – 3.29 Lakhs Crores)

Phil Knight short biography

Net Worth$42.5 Billion
BornFebruary 24, 1938 (Age – 83)
Identified asCo-Founder & Chairman Emeritus of Nike, Inc.
StatusAmerican businessman
EducationStanford Graduate School of Business, Master of Business Administration; University of Oregon, Bachelor of Arts/Science
NationalityUnited States
ResidenceHillsboro, Oregon
Spousal statusMarried (Penelope “Penny” Knight)
Children3
Phil Knight short biography

Philip Hampson Knight has a net worth of $42.5 Billion (Rupees – 3,29,455 Crores), making him one of the richest men in the world after Rob Walton, Mackenzie Scott, and Michael Bloomberg.

He is the co-founder and chairman emeritus of Nike, Inc., as well as the company’s former chairman and CEO.

He is also the founder, CEO, and Chairman of the Board of Laika, a stop motion film production business.

He is a multibillionaire businessman from the United States.

Nike’s revenue now exceeds $37 billion.

Knight was rated the 24th richest person in the world by Forbes on July 23, 2020, with a net worth of $50.7 billion.

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Amazing Fact

Knight built personal ties with some of the world’s most well-known sportsmen, including Michael Jordan and Tiger Woods, while at Nike.

Phil Knight biography

Full NamePhilip Hampson Knight
BirthplacePortland, Oregon, U.S.
Height5.7 feet, 173 cm
Weight71 Kg
FatherWilliam W. Knight
MotherLota Hatfield Knight
Phil Knight biography

Phil Knight was born on February 24, 1938, raised in Portland, Oregon, by his father Bill Knight, a lawyer who later became a newspaper publisher, and his mother, Lota Cloy (Hatfield) Knight.

While working Knight went to the rival Oregonian, where he worked the morning shift tabulating sports scores and ran home the full seven miles every morning.

His best as a middle-distance runner at Oregon was 4 minutes, 13 seconds.

At the University of Oregon, he raced track for Bill Bowerman, with whom he would later co-found Nike.

Education

Knight attended Cleveland High School in the Portland suburb of Eastmoreland.

Knight is a Stanford Graduate School of Business and University of Oregon graduate.

Knight continued his studies at the University of Oregon in Eugene, where he was a sportswriter for the Oregon Daily Emerald.

He is a graduating member of the Phi Gamma Delta fraternity.

Career

Knight worked as a CPA for Coopers & Lybrand and then Price Waterhouse before founding Blue Ribbon Sports, eventually known as Nike.

His goal was to bring high-quality, low-cost running shoes from Japan to the United States.

In Kobe, Japan he found Tiger brand running shoes, which were made by the Onitsuka Co., which is now known as Asics.

When Knight received the shoe samples, he shipped two pairs to Bowerman at the University of Oregon in the hopes of securing a sale.

Knight’s first sales were made at track meetings around the Pacific Northwest.

Knight was able to work full-time with Blue Ribbon Sports in 1969.

Nike’s first employee, Jeff Johnson, offered the name “Nike,” after the Greek winged goddess of victory, and Blue Ribbon Sports was renamed Nike in 1978.

Graphic design student Carolyn Davidson was commissioned for $35 to create Nike’s “swoosh” logo, which is today regarded as one of the most expensive logos in the world.

In an interview with Oprah Winfrey in April 2011, Knight stated that after the business went public, he handed Davidson a few hundred shares.

Phil Knight, the company’s founder, stepped down as chairman in June 2016 after 52 years at the helm. Knight’s departure from the Nike board of directors became effective at the end of June 2016.

In July 2018, Knight’s memoir, Shoe Dog, which was published by Simon & Schuster on April 26, 2016, was ranked sixth on The New York Times Best Seller list for business books.

His company’s social media handles (Nike):

Private & early life

While working at Portland State University, Knight met his wife, Penelope “Penny” Parks, and the two married on September 13, 1968.

They live in La Quinta, California, and have a house there.

Travis Knight, Knight’s son, manages the Laika animation company.

Matthew Knight, another of Knight’s sons, died in an El Salvador scuba diving accident in 2004.

Awards

YearAward
1989Golden Plate Award of the American Academy of Achievement
2000Inducted into the Oregon Sports Hall of Fame
2020Placed UO alumni on a notional Mount Rushmore
Phil Knight Awards

Philanthropy

His total lifetime donations have surpassed $2 billion.

According to the Portland Business Journal, as of 2016, Knight is known as Oregon’s most generous donor.

Net worth statistics

  • October 2016 – $25.5 B
  • March 2017 – $26.2 B
  • October 2017 – $25.2 B
  • March 2018 – $29.6 B
  • October 2018 – $33.8 B
  • March 2019 – $33.4 B
  • October 2019 – $35.9 B
  • April 2010 – $29.5 B
  • September 2020 – $39.2 B
  • April 2021 – $49.9 B
  • April 2022 – $47.3 B

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