Phil Knight Net Worth

Phil Knight, the 78-year-old Nike creator, has stated that he intends to donate the majority of his money to charity. Knight also released “Shoe Dog,” a biography on the success of his fledgling sneaker company.

Here’s a look at Phil Knight’s net worth and the amount of money he’s given to charity throughout the years.

Early Life

On February 24, 1938, Philip Hampson Knight was born in Portland, Oregon. Lota Knight (née Hatfield) and Bill Knight, a lawyer who subsequently became a newspaper publisher, are his parents. Knight grew up in the Eastmoreland district of Portland, where he attended Cleveland High School.

Phil Knight Net Worth

He went on to the University of Oregon, where he was a member of the Phi Gamma Delta fraternity, a sports reporter for the Oregon Daily Emerald, and a middle-distance runner. He earned a journalism degree from the college in 1959.

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What Is Phil Knight’s Estimated Net Worth?

Phil Knight’s net worth is $57 billion as of 2022, making him one of the world’s wealthiest persons. Philip Hampson Knight is a millionaire businessman from the United States.

Knight has given hundreds of millions of dollars to his alma maters, as well as to Oregon Health & Science University. He has given more than $2 billion to the three organizations.

Net worth $57 billion
Date of birth February 24, 1938
Full name Philip Hampson Knight
Occupation Businessman
Nationality American

Career

Knight enlisted in the US Army after graduating from the University of Oregon, serving one year on active duty and then seven years in the Army Reserve.

Knight enrolled in Standard Graduate School of Business when his military duty ended and graduated with a master’s degree in business administration in 1962. After that, he embarked on a graduation vacation that included a stop in Kobe, Japan, where he discovered Tiger brand running shoes made by Onitsuka Co. in Kobe.

Phil Knight Net Worth

He was blown away by the quality of the shoes and their inexpensive price, and he was able to set up a meeting with Mr. Onitsuka. This is how he was able to gain Tiger’s distribution rights in the Western United States.

He obtained a position as a Certified Public Accountant (CPA) with Coopers & Lybrand, then with Price Waterhouse, while waiting for the first Tiger samples to be shipped to Portland, which took almost a year. He also worked at Portland State University as an accounting professor (PSU).

He sent samples to Bill Bowerman, his old track coach at the University of Oregon when he received the Tiger running shoes. Bowerman not only placed an order for the shoes, but he also encouraged Knight to join his company. Blue Ribbon Sports (BRS), which would ultimately become Nike, was formed on January 25, 1964.

Knight began selling the Tiger shoes from the trunk of his green Plymouth Valiant at various track races throughout the Pacific Northwest.

By 1969, he had made enough money from these sales to quit his job as an accountant and work full-time for Blue Ribbon Sports. On the advice of their first employee, Jeff Johnson, the company was christened Nike, after the Greek winged goddess of triumph.

In 1971, they paid graphic design student Carolyn Davidson $35 for the “swoosh” logo. She received an undisclosed quantity of Nike stock later. Over the next four decades, Knight transformed Nike from a small start-up sneaker firm into one of the world’s most well-known companies.

Phil Knight Net Worth

He resigned as Nike’s CEO in November 2004 but remained on the board of directors. Knight announced his resignation as Nike’s chairman in June 2015, and he left the company’s board of directors at the end of June 2016.

Knight also contributed to the success of the animation studio Laika, in addition to his job at Nike.

Due to significant growth in the late 1990s, Will Vinton Studios, an animation firm, sought outside investment. In 1998, Knight bought a 15% share in the company, and his son Travis joined as an animator.

Knight eventually bought Will Vinton Studios and renamed it Laika in 2003. “Coraline,” a stop motion animated film by Laika, was the company’s debut feature film (2009). Since then, Travis Knight has been promoted to the position of CEO and President of Laika.

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Awards

Knight was named to the Oregon Sports Hall of Fame in 2000 for his Special Contribution to Oregon Sports. He had given around US$230 million to UO at the time of his induction, the majority of which was towards athletics.

Knight was inducted into the Naismith Memorial Basketball Hall of Fame as a contributor on February 24, 2012.

He was inducted into the Hall of Fame for his role as the driving force behind Nike’s massive financial sponsorship of American basketball and its players. Knight was inducted into the Hall of Fame on September 7, 2012.

Phil Knight Net Worth

Knight was honored by the American Academy of Achievement with the Golden Plate Award in 1989. Knight was elected to the 2015 American Academy of Arts and Sciences membership class for his “contributions to business, corporate, and philanthropic leadership.”

The university polled alumni and fans on social media in 2020, asking which four UO alumni they would put on a hypothetical Mount Rushmore for the university.

Knight was one of four finalists, along with Ducks track icon Steve Prefontaine, current NFL quarterback Marcus Mariota, the 2014 Heisman Trophy winner, and Sabrina Ionescu, who had just had an incredible college basketball career with the Ducks.

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Personal Life

Phil Knight Net Worth

Phil Knight married Penelope “Penny” Parks in 1963, and the couple had three children, Matthew, Travis, and Christina. They met at Portland State University, where he worked.

Matthew died in 2004 while scuba diving in El Salvador owing to an undiagnosed congenital heart condition. Phil and his wife Penelope are currently residing in Beaverton, Oregon.

Phil and Penny have been long-time supporters and contributors to the University of Oregon sports fund, and have been recognized by the institution on numerous occasions.

The law school even dedicated the library after his mother, and the Matthew Knight Arena was named in honor of their late son in 2011. Phil Knight was inducted into the Oregon Sports Hall of Fame for his contributions to sports.

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