Phil Knight Net Worth is$11.1 Billion
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Profession: Entrepreneur, Businessperson
Date of Birth: Feb 24, 1938
Nicknames: Philip H Knight, Philip Hampson Knight
Country: United States of America
Phil Knight is the chairman and co-founder of Nike Inc, with a net worth of $11.1 billion. Phil Knight has earned his net worth as a true entrepreneur. He got his start while in Kobe, Japan through a business arrangement with Mr. Onitsuka and began selling Tiger Running Shoes by Kobe in the Western U.S. and after sending a couple of pairs to Bill Bowerman, they decided to go into business together. That was the birth of Blue Ribbon Sports. In the beginning Phil Knight was selling running shoes out of his car, which was so successful that he ended up working full time for Blue Ribbon Sports, which is now known as Nike. By 2004, he resigned as the CEO of Nike, while holding on to his position as Chairman of the board. He was born in Portland, Oregon in 1938, and was a student at Cleveland High School and attended the University of Oregon, earning himself a journalism degree. As a middle-distance runner, he earned letters for the years, 1957, '58 and '59. He served in the Army for one year in active and seven more in the Reserves. When he finished with his active duty in the military, Phil Knight decided to go to the Stanford Graduate School of Business and discovered his calling as an entrepreneur. After finishing Stanford with a Masters in Business Administration, he traveled around the and that's where he came across his first business negotiation, with Tiger Running Shoes, and so began his climb to financial freedom. In 1963, Phil Knight married Penelope Parks and they have three grown children, Matthew, Travis, and Christina. Phil and his wife Penelope now live alone in Beaverton, Oregon, since their children are grown. Knight purchased Will Vinton Studios, and changed the name to LAIKA, and released their first animated film, "Coraline." His son Travis became the CEO of LAIKA. Phil had a role, as himself, in the Michael Moore's film, The Big One. He has also been mentioned as a Corporate Crook, in Moore's book, "Downsize This." Phil Knight was accused of operating sweatshops in Indonesia under some very deplorable conditions. He then explained to Michael Moore that those factories are not owned by nike. He then decided to invest in factories in the U.S. to manufacture nike products. He also promised there would be mandatory standards for all factories Nike has manufacturing their products. Phil Knight was the only CEO of Nike that was willing to meet with Michael Moore. Phil and his wife Penny, have been long time contributors and supporters for the University of Oregon athletic fund and have been honored by having an athletic gym named after him. They also named the library after his mother, his father's name appears on the law school and have honored his son, (whom they lost because of a diving accident, in El Salvadore) with the Matthew Knight Arena. Because of all the contributions Phil Knight has given to sports, he was inducted in the Oregon Sports Hall of Fame.
Philip Hampson "Phil" Knight (born February 24, 1938) is an American business magnate. A native of Oregon, he is the co-founder and chairman of Nike, Inc., and previously served as the chief executive officer of Nike. By 2011, Knight's stake in Nike gave him an estimated net worth of US$14.4 billion, making him the 47th richest person in the world and the 19th richest American.
A graduate of the University of Oregon and Stanford Graduate School of Business, he has donated hundreds of millions of dollars to the schools; Knight gave the largest donation in history at the time to Stanford's business school in 2006. A native Oregonian, he ran track under coach Bill Bowerman at the University of Oregon, with whom he would co-found Nike.
Phil Knight is the son of a lawyer and newspaper publisher. He attended Cleveland High School in Portland, and then the University of Oregon in Eugene, where he was a member of Phi Gamma Delta ("FIJI") fraternity and earned a journalism degree in 1959. As a middle-distance runner at the school, his personal best was 4:10 mile, winning varsity letters for track in 1957, 1958, and 1959.
Immediately after graduating from Oregon, Knight enlisted in the Army and served one year on active duty and seven years in the Army Reserve. After the year of active duty, he enrolled at Stanford Graduate School of Business. In Frank Shallenberger's Small Business class, Knight developed a love affair with something besides sports - he discovered he was an entrepreneur. Knight recalls in a Stanford Magazine article: "That class was an 'aha!' moment ... Shallenberger defined the type of person who was an entrepreneur--and I realized he was talking to me. I remember after saying to myself: 'This is really what I would like to do.' " In this class, Knight needed to create a business plan. His paper, "Can Japanese Sports Shoes Do to German Sports Shoes What Japanese Cameras Did to German Cameras?," essentially was the premise to his foray into selling

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Phil Knight Latest News

Nike's Phil Knight Addresses Reported Workplace Misconduct

Knight says he was "shocked" to learn of Nike's upper management behavior. Nike founder Phil Knight recently made an appearance on CBS This Morning to speak about the company's growth and recent firings of executives amid harassment and discrimination ...
Posted: May 10, 2018, 9:57 am

Nike Founder Phil Knight Breaks Silence on Management Shake-Up

Phil Knight is speaking up about the executive scandal that has rocked the company he founded more than 50 years ago. The pioneering business executive who launched Nike — using a $50 loan from his father to create what has become the most successful ...
Posted: May 10, 2018, 8:46 am

Nike co-founder Phil Knight is "proud" of how company dealt with harassment allegations

Nike, the world's largest sporting goods company, expects to bring in about $34 billion in revenue this year. Many of the world's best-known athletes like Michael Jordan, Tiger Woods and Serena Williams use Nike gear. But the company had more humble ...
Posted: May 10, 2018, 11:27 am
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