Phil Knight is an American entrepreneur and business tycoon. He is the co-founder of Nike. He is also a sports fan and a sponsor. He is the major shareholder of Nike Inc and controls around 24% of the world wide-ranging athletic shoe company and this marks up his total net worth. He served as the CEO and chairman of the Nike company.
As a sports enthusiast, He along with Geoff Hollister and Bowerman founded the athletics west American running team in the year 1997. Apart from that Stop motion film production company is also owned by him. As a philanthropist, he has donated millions of dollars to Science cancer center and Oregon Health. Let’s find out more about how much is Phil Knight’s net worth in 2019.
Phil Hampson knight was born on 24th February 1938 to William Knight and Lota Hartfield knight, in East Moreland locality of Portland, Oregon. His father worked as a newspaper publisher.
His early schooling was completed at Cleveland high school. He wanted to work at his father’s newspaper but his father wanted him to find work on his own so he started working for the Oregonian newspaper. For higher studies he went to the University of Oregon in Eugene and pursued journalism working as a sports reporter and earned his degree in 1959.
He got married to Penelope penny on 13th September 1968 and have three children late. Mathew Knight, Travis Knight, and Christina knight.
Immediately After his graduation from the Oregon University, he joined the army and served actively for one year and seven years in army reserves. After serving in the army he got admitted to a business school in Stanford. He was a public certified accountant for Price Waterhouse and then coopers &Lybrand;.
In 1964 January 25th he ended starting up the blue-ribbon company with Bowerman, who provided product design ideas, the company namely Blue-Ribbon Sports(BRS), which later transformed into Nike. His first sales were made by Plymouth Valiant automobiles. These sales provided him full-time work at BRS. In the year 1978 he was suggested to change the name from BRS to Nike, and thus Nike was formed.
In 1998, Knight bought a few percent of the shares of Vinton Studios, later he purchased Will Vinton Studios and was controlled by Nike. Later in 2003, he appointed his son, Travis Knight as a board member and then CEO and President of the studios which were renamed as “Laika”.
On November 18, 2004, Knight resigned from the post of CEO of Nike, several months after his son’s death, Matthew Knight. Though he maintained his position of board’s chairman. William Perez replaced him as the CEO of Nike, later replaced by Mark Parker.
He donated $105 million to the Stanford Graduate School of Business In the year 2006, which later got the name “The Knight Management Center”.
In June 2015, he made an announcement to step down as the chairperson of Nike.
Awards & Achievements
In 2000, he received Oregon Sports Hall of Fame for his great contribution to sports. In 2011, he received Court of Honor Gala from NBA Coach Foundation.
Net Worth of Phil Knight
His latest net worth is $29.1 billion checked by Forbes magazine, in 2017 It is estimated around $25 billion.
Phil Knight, co-founder of ” Nike ” with an estimated net worth of $29.1 billion, is a sports fan and a sponsor. In 1964 he started his company namely BRS which later in the year 1978 got the name, Nike. Though he stepped down from Nike, he doesn’t want to stop at the age of 80.