Phil Knight Net Worth 2024: Nike Co-Founder Assets

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In this post, we are going to discuss Phil Knight net worth.

Phil Knight is an American businessman and entrepreneur. He is the co-founder and chairman of Nike, Inc., one of the world’s largest and most successful sports companies.

Knight’s net worth is estimated at $25.9 billion as of 2019, making him one of the richest people in the world.

Born in Portland, Oregon, Knight was a track and field athlete at the University of Oregon. He graduated in 1957 and started working at Nike soon afterward.

With Knight’s help, Nike grew from a small startup into a multi-billion dollar company. Knight has been the chairman of Nike since 1964, and he remains one of the most influential figures in the company’s history.

Knight has donated hundreds of millions of dollars to the University of Oregon, his alma mater, and has founded two major nonprofit organizations, the Nike Foundation and the Phil Knight Family Foundation.

He is also one of the founders of the 2020 Olympic Games in Tokyo. As a result, he has received many awards and honors during his career, including the Presidential Medal of Freedom.

Phil Knight is one of the most successful entrepreneurs in history, and his net worth is a testament to his hard work and ingenuity.

He has helped Nike become one of the world’s biggest and most profitable companies, and he shows no signs of slowing down.

Who is Phil Knight?

Born in 1938, Phil Knight is an American business magnate and entrepreneur who is the co-founder and chairman of Nike, Inc., one of the world’s largest suppliers of athletic shoes and apparel.

A graduate of Stanford University, Knight started working at Nike in 1962 as a salesman, and by 1964 had become the company’s first full-time employee.

In this role, he has contributed to the expansion of NIKE as a global sportswear and equipment supplier for such sports as track and field, soccer, golf and baseball.

In March 2015, Knight announced his resignation as CEO of Nike, effective in 2016. He will remain at the company as chairman emeritus , though he had been at the company for over 30 years.

Knight is estimated to be the 44th richest person in America as of March 2013, with a net worth of $11.5 billion.

Founder of nike: Phil Knight Net Worth

Knight’s wife, Penny Knight , has been involved in numerous philanthropic projects including those that support research into finding a cure for breast cancer and ovarian cancer.

Knight is known for his business savvy as well as his largely reclusive lifestyle.

Philip Hampson “Phil” Knight is an American-born businessman, and the co-founder of Nike, Inc., one of the world’s largest suppliers of athletic shoes and apparel.

A graduate of Stanford University, Knight started working at Nike in 1962 as a salesman. In this role, he contributed to the expansion of NIKE as a global sportswear and equipment supplier for such sports as track and field, soccer, golf and baseball.

Phil Knight: Net Worth 2024

The net worth of Phil Knight is estimated to be $24.8 billion as of March 2017. He founded Nike, Inc. in 1962 and has been the company’s chairman since 1968.

Knight is also the co-founder and CEO of Oregon Sportswear, LLC, which manufactures and distributes sports apparel under the brands Nike Golf, Nike Pro, Nike Team Sports, and others. Knight is a graduate of the University of Oregon.

Phil Knight was born on February 24th, 1938 in Portland, Oregon where he attended Roosevelt High School until 1955 when he began his studies at the University of Oregon.

Nike Owner

He graduated from college in 1959 with a bachelor’s degree in accounting and later went on to earn his MBA from Stanford University in 1962.

Knight began his career as an accountant at Arthur Andersen, but it was his work with the Blue Ribbon Sports company that he founded in 1962 that set the stage for Nike, Inc.

Knight has been the chairman of Nike since 1968 and co-founded Oregon Sportswear, LLC in 1978. Oregon Sportswear is the largest supplier of Nike-branded apparel in the world.

Knight is also a major donor to his alma mater, the University of Oregon, where he has donated more than $300 million to various programs and projects.

Phil Knight: Career and Education

While Phil Knight is well-known as chairman and CEO of Nike, he was also the president of the company for four years. He has contributed to a significant amount of funding for various philanthropic causes.

The foundation Knight has established, the Phil Knight Foundation, is one of the largest private foundations in the United States.

Knight began his business career in 1957 by selling Japanese running shoes from the trunk of his car. Knight and Bowerman founded Blue Ribbon Sports, later renamed Nike, on January 25, 1964.

Knight has been honored for his business acumen and entrepreneurship. He was inducted into the U.S. National Institute of Entrepreneurship’s Hall of Fame in 1997 and received the Institute’s Lifetime Achievement Award in 2005.

Phil Knight Early Life

Knight is also a recipient of the EY Entrepreneur of the Year Award (2013) and was named one of America’s Best Leaders by U.S. News & World Report in 2009.

Knight has donated generously to academic institutions, primarily at his alma mater, the University of Oregon. The largest donation made by Knight was $105 million to the university in 2007, which was the largest gift made to a public university at that time.

The Phil Knight Campus for Innovation and Entrepreneurship opened on the University of Oregon campus in 2014.

Phil Knight: Achievements

There are many people who wish they could run their own business. They dream of being in control of their hours, their income, and what they do with that income. For some, the only way to achieve this goal is to start a company from scratch.

Phil Knight was able to take an idea he shared with his coach while he was in graduate school and turn it into a multi-billion dollar company.

Knight started Nike with a simple vision: to bring quality athletic shoes to the masses at an affordable price. At the time, there were very few companies making sneakers, and the ones that existed charged a high price for their products.

Knight was able to undercut his competitors by sourcing his materials and labor from Asia at a lower cost. He was also able to market his products more effectively than his competitors, thanks in part to the millions of dollars he invested in advertising.

Phil Knight Achievements: Phil Knight Net Worth

Today, Nike is the world’s largest athletic shoe company. It has a market capitalization of $128 billion, and its shoes are sold in over 180 countries.

Knight has been able to build Nike into a global powerhouse by focusing on innovation and quality. The company has introduced many groundbreaking technologies, such as Flywire and Flyknit, that have revolutionized the sneaker industry.

It also manufactures some of the most popular products in the world, including the Air Jordan and the Nike Cortez.

In addition to his success at Nike, Knight is known for his philanthropy. He and his wife have donated hundreds of millions of dollars to charity over the years.

In 2013, he pledged $500 million to Portland State University, which renamed its business school after him when it received the donation. 

Phil Knight YouTube Videos

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FAQ: Phil Knight’s Net Worth

👉 What is the real size of Phil Knight’s fortune?

$14.4 billion is the estimated size of Phil Knight’s net worth. This number is based on calculations that Knight has a share in Nike, Inc. worth $10 billion and also on the assumption that he still owns the same shares as he did back in 2007.

✅ How did Phil Knight make his fortune? (i.e. career beginnings, history, and description)

One of the most interesting founders in the world of high finance is Phil Knight – who founded one of the world’s most famous footwear manufacturers, Nike Inc., which he still leads as its chairman and chief executive officer. Since co-founding this sports giant in 1964, Knight has become one of the richest people on the planet – with an estimated net worth of $14.4 billion as of July 2017, according to Forbes.

👉 What has Phil Knight been doing since creating Nike?

Knight ran the company from his spare bedroom for the first few years of Nike’s life. However, as it grew and became a household name, he took a more back-seat role. These days, Knight is still chairman and CEO of Nike Inc., but he has also branched out into other entrepreneurial activities. For example, he has co-founded the media company called Across Two Worlds – which is dedicated to increasing dialogue between Eastern and Western cultures through education, media, art, design and sports. He also sits on the board of directors at LVMH.

Conclusion: Phil Knight Net Worth 2024

Phil Knight’s net worth is believed to be around $26 billion as of 2015. He was born in Oregon in 1938 and was about twelve years old when he first started selling magazine subscriptions.

It didn’t take long for him to buy things like stereos and watches. He bought a lot of these items from auctions where the owners were trying to get rid of them so they could buy something new.