Businessman

Phil Knight Net Worth

Phil Knight net worth: Philip Hampson Knight is an American businessman and philanthropist. He is the co-founder of the highly reputed sports brand Nike Inc. Through the brand, Knight has acquired a large amount of wealth and is currently the 15th richest person in the world. As of 2016, Knight has an estimated net worth of $25.5 billion.

Knight was born on February 24, 1938, in Portland, Oregon. He studied at Cleveland High School and would work part-time at the newspaper journal The Oregonian. He then went on to study at the University of Oregon where he earned a Bachelors degree in Journalism. After completing his studies, he went on to serve for more than seven years in the army and also went on to enroll in Stanford Graduate School of Business from where he earned his business administration degree in 1962.

That same year, he visited Japan where he was impressed by a brand called Tiger running shoes looking at the price and the amazing quality of the product. He went on to secure a great deal and managed to import their products to the United States. During the process of managing everything about those shows from Japan, he worked as a Certified Public Accountant and then went on to become an accounting professor as well.

Along with a partner in 1964, they created the company called Blue Ribbon Sports. Later the brand was renamed as Nike and its logo which Knight has admitted hating at that time has become one of the most popular ones in the entire world. Slowly, this business was seeing profits arise because of the different types of shoes that the company was starting to sell. In the latter years, Knight even went on to co-found an American running team called Athletics Westford.

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Phil Knight net worth over time

Phil Knight net worth in 2012 $13.5 billion
Phil Knight net worth in 2013 $16.3 billion
Phil Knight net worth in 2014 $19.9 billion
Phil Knight net worth in 2015 $24.4 billion
Phil Knight net worth in 2016 $25.5 billion

 

Nike started to see mega profits in the 1990’s where they now had a solid product base throughout the US and expanded their company in those stages. The decade was a period where Nike has dominated the world of sports shoes and after getting Nike to where he had envisioned, Knight decided to resign as the CEO in 2004. He is still on the main board for Nike and since then the company has been reaching new heights with the sports world being dominated by their products and chosen by the top athletes.

Knight also focused on other brands like Laika for which he invested more than $180 million and raised its standards exponentially. Knight is also known for his philanthropic roles. He donated $105 million to Stanford Graduate School of Business as well as contributing $400 million to start the new Knight-Hennessy Scholars graduate-level education program. Most recently in 2016, Knight reportedly donated $500 million to its alma mater University of Oregon. Because of his contributions towards business and help towards the society, Knight has been able to win several prestigious awards including a 2012 inductee of the Naismith Memorial Basketball Hall of Fame as a contributor.

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