Phil Knight net worth

Phil Knight net worth

Net Worth: $16.8 Billion

About Phil Knight

Phil Knight net worth

Phil Knight is known as one of the richest people in the world. It has been reported that Phil Knight net worth reaches 16.8 billion dollars. Mostly, Phil Knight is known as a founder of a popular sportswear and equipment company Nike. Currently, he is also known as a chairman of Nike Inc., as well, which has added huge sums of money to the total amount of Phil Knight net worth.

Phil Knight was born in 1938 in Oregon. After he graduated from Cleveland High School, Phil Knight was studying journalism in the University of Oregon. When he was studying in school, Phil Knight was involved into sports, namely, he was a middle-distance runner. For one year, he even was serving in Army and seven more years he spent in the Reserves.

After his service in the Army, Phil Knight enrolled to study into the Stanford Graduate School of Business. It was there, where he felt his passion for being an entrepreneur and a businessman. When he finished this school, Phil Knight got a degree of Masters in Business Administration.

Later, he made a decision to travel the world and it was at this time, when he was travelling and found out about a company titled Tiger Running Shoes.

He made a contract with the owner of Tiger Running Shoes and the decision was made that Phil Knight would sell the company’s production in the United States.

He sent a couple of products to a running coach Bill Bowerman, who worked at a University of Oregon. The coach liked it so much that he offered Phil Knight to get into business together and in 1964 they founded a company called Blue Ribbon Sports. Eventually, the company was renamed to Nike, which added millions of dollars to Phil Knight net worth. Today, Nike is one of the most well known brand names in the world, which is loved by many people.

In 1963, Phil Knight married Penelope Parks .With her, he has three children, who are all grown up now – Christina, Travis and Matthew. Currently, the family is known to be living in Oregon. Also, Phil Knight and his wife Penelope are known to be in a close collaboration with the University of Oregon. Also, they are in a close contribution to the athletic fund of the university. Also, because of their support to the university, the couple has been honored many times in special occasions.

Now you have an idea why Phil Knight net worth is this huge

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