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Phil Knight Net Worth

How rich is Phil Knight?

Phil Knight Net Worth:
$22.5 Billion

Birth date: February 24, 1938
Birth place: Portland, Oregon, United States
Profession: Entrepreneur, Businessperson
Education: Stanford Graduate School of Business (1962), University of Oregon (1955–1959), Cleveland High School
Nationality: United States of America
Spouse: Penny Knight (m. 1968)
Children: Travis Knight, Christina Knight, Matthew Knight
Parents: Lota Hatfield Knight, William W. Knight
Source: Wikipedia & Freebase

Phil Knight biography:

It has been claimed that among the very most successful entrepreneurs and businesspeople in the world Phil Knight net worth has an estimate of 14.1 billion dollars. Phil Knight is generally known to the public as the creator of the business “Nike Inc”. Additionally, he works as a chairman of the firm, which will be possibly the most significant source of Phil Knight net worth.

Phil Knight sent several pairs of shoes to Bill Bowerman. Shortly, the two decided to create their own company. So, Phil Knight and Bill Bowerman started their company called “Blue Ribbon Sports”, which began to amass the overall amount of Phil Knight net worth which he has today.

In the beginning of the business, Phil Knight used to sell these shoes from his car. It proved to be so successful financially, that soon Phil Knight made a determination to be employed for full time. After some time, the company’s name was changed to “Nike” from “Blue Ribbon Sports”. Now, “Nike” is known as one of the very most successful sport firms in the world, which can be loved by many people. In 2004, Phil Knight became the Chairman of the Board of the corporation instead of being its CEO.

Born in Oregon in 1938, before he got involved into company with “Nike”, Phil Knight was studying journalism at the University of Oregon. For one year, Phil Knight was involved into service of Army and for seven more years, he served in the Reserves. After his service in Army, Phil Knight decided that he wished to be an entrepreneur because of his future career and started to study in the Stanford Graduate School of Business. After graduation, Phil Knight was travelling across the earth which resulted into his first deal, which was with “Tiger Running Shoes”. Additionally, it began to amass the huge Phil Knight net worth.

Talking about his private life, Phil Knight wed Penelope Parks in 1963 with whom he’s three children who now are all grown up. Currently, he along with his wife are residing in Oregon. Moreover, Phil Knight is involved into cinema. He bought Wil Vinton Studios, which he renamed to Laika and which released the very first animation called “Coraline”.
Philip Hampson “Phil” Knight (born February 24, 1938) is an American business magnate and philanthropist. A native of Oregon, he is the co-founder and chairman of Nike, Inc., and previously served as the chief executive officer of Nike. In 2014, Forbes named Knight the 43rd richest person on earth, having an estimated net worth of US$18.7 billion.

Knight was responsible for financing the OU’s US$68 million 145,000 square foot gridiron football facility that was officially started in late July 2013. Knight personal locker in the team’s locker room displays the title “Uncle Phil” as well as other attributes incorporate a fitness center with Brazilian hardwood floorings, Apple iPhone chargers in all the player’s lockers, various auditoriums and meeting rooms, a games room for the players which includes flatscreen tvs and table football machines, plus a cafeteria.Just how much is Phil Knight’s Net Worth? $18.8 Million Billion!

Knight’s father, William W. Knight, was a lawyer turned newspaper publisher. Knight was a track star and ran track in the University of Oregon for famous trainer Bill Bowerman whom Knight later co-founded Nike with. Showing the grit that would later make him one of the best entrepreneur’s and most affluent individuals on earth (56th in the planet according to Forbes), Knight asked his dad for a summer job at his newspaper. His father rejected his request on the grounds of nepotism saying he should manage to locate his own work so Knight went to benefit a competing newspaper. Knight received his journalism degree in the University of Oregon in 1959. While there he lettered as a varsity in track in 1957, ’58, and ’59. His greatest time in the mile was 4 minutes, 10 seconds.

Knight continued his education at Stanford Business school. While taking a course on small business Knight reported that a light came on when his professor was describing what an entrepreneur is.

“That course was an ‘aha!’ minute … Shallenberger defined the kind of person who was an entrepreneur–and I realized he was speaking to me. I remember after saying to myself: ‘This is really what I’d want to do.’ ”

Knight wrote apaper in that course sparking his interest joining track and company, “Can Japanese Sports Shoes Do to German Sports Shoes What Japanese Cameras Did to German Cameras?” After graduation, Knight took a job as an accountant at a significant firm that will carry on to become present day Price Waterhouse in addition to work as an assistant professor of business administration at Portland State. Nonetheless Knight took a visit to Asia researching the world and ran across Tiger-brand running shoes. He was so impressed with the standard and low cost he called the owner who chose a meeting with the aspiring entrepreneur. By the conclusion of the assembly Knight had secured distribution rights for the western United States. When samples of tiger brand shoes arrived, Knight sent them to his trainer at the University of Oregon Bill Bowerman with the hopes that he would buy some for his team. Bill was so impressed that he not only purchased some, he offered to become Knights business partner. The two became partners and formed Blue Ribbon Sports that might eventually become Nike. Originally Knight sold shoes out of the trunk of his car at track meets until eventually sales were high enough that he could leave his bookkeeping job.

Knight has a net worth that changes due to fluctuations in Nike stock but latest estimates peg the worth of Nike at $18.4 billion. The billionaire lives fairly modestly to get a billionaire. His home in rural Oregon is estimated to be worth about 2 million or so. The house was bought in the 70’s and does have a pool and also a pleasant lawn, but is actually rather small for a billionaire particularly compared to homes like Larry Ellison’s. Knight can drive anything he needs, but chooses to drive an Audi R8, which do cost over $100k. Knight instead loves spending his fortune charitably making contributions to his alma maters The University of Oregon and Stanford Business School. Knight has contributed so much cash to the University of Oregon that he’s his own locker in the football locker room. The university has also named a library after his mother, the law school after his daddy, as well as the basketball arena, Matthew Knight Arena, after his late son who died while scuba diving. Maybe or maybe not still bitter over the way he was treated when he requested work at his dad’s paper, Knight named Travis CEO of the cartoon business. Knight and his wife jointly, through their foundation own 841,145 shares of Class B common stock in Nike.

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