Phil Knight Net Worth 2022: Earnings House Cars And Career

Phil Knight Net Worth: Philip Hampson Knight is an American billionaire businessman and sports fan. He is the co-founder, chairman emeritus, and former chairman and chief executive officer of Nike, Inc.

Forbes rated Knight as the twenty-fourth richest person in the world as of July 23, 2020, with an estimated net worth of US$54.5 billion. He is also the owner of Laika, a firm that produces stop-motion films. We will discuss in this article Phil knight’s net worth, earnings, house, cars, jets, and many more details. Also like: Angela Bassett Net Worth

Phil Knight Net Worth 2022:

Phil Knight is a successful American entrepreneur, avid sports lover, and philanthropist who is responsible for the creation of Nike. His net worth is $47 billion. According to Forbes’s rankings, Knight is the 28th richest individual in the entire globe.

Phil Knight Net Worth Growth:

Phil Knight Earning:

 Phil Knight amassed his wealth as the creator of Nike Inc. and the company’s individual shareholder with the greatest stake. Phil Knight is the owner of twenty-four percent of Nike, the firm that makes the most popular athletic shoes and apparel in the world. Through a holding company located in Delaware and aptly called “Swoosh,” he owns both Class A and Class B shares of the corporation.

Although Knight’s son Travis owns 10 percent of Swoosh, Phil is still the one who is credited with starting the company. Converse and Jordan are also brands that are owned by Nike. Read More: Brock Lesnar Net Worth

Phil Knight Assets:

Phil Knight House:

Phil Knight purchased a $4.2 million house in Madison Club, La Quinta, California, and one mansion in Hillsboro, Oregon.

Phil Knight Cars: 

Phil Knight, the creator of Nike, owns an Audi R8 which cost $120,000. His wealth is estimated to be $40 billion, which explains why he has vehicles from a number of different brands. Examples include Ferrari and Mercedes, etc.

Jets:

Phil Knight appears to have access to a total of three private jets, including a Dassault Falcon and a Gulfstream G650 belonging to Knight himself. 

Phil Knight Early Life:

Phil Hampson Knight was born on February 24, 1938, in Portland, Oregon, to parents Bill Knight, a lawyer who later became a newspaper publisher, and Lota Cloy Knight, Bill Knight’s wife. Lota Cloy Knight was Phil Hampson Knight’s mother. Knight spent his childhood in the Eastmoreland district of Portland, where he later graduated from Cleveland High School.

Knight went on to the University of Oregon in Eugene to finish his education. In just three years, he completed a business degree (B.B.A.) in 1959. Knight graduated as a “Distinguished Military Graduate” and obtained his Army Reserve Commission in the same year.

As a middle-distance runner at Oregon, he ran a mile (1.6 km) in 4 minutes and 13 seconds, which was his best time. In 1957, 1958, and 1959, he got varsity letters for his track performances. In 1977, Knight, Bowerman, and Geoff Hollister started a running team in the United States called Athletics West.

Phil Knight Career:

After receiving his diploma from the University of Oregon, Knight enlisted in the United States Army. He did his active service obligation for one year and then spent the next seven years in the Army Reserve. After completing his active military service, Knight enrolled at the Standard Graduate School of Business and received his master’s degree in business administration from the institution in 1962.

 After that, he embarked on a journey to celebrate his graduation, which took him to Kobe, Japan. It was there that he first became aware of the Tiger brand of running shoes, which are produced by the Onitsuka Co. in Kobe. He was really taken aback by the top quality of the shoes at the low price that they were being sold at, and as a result, he was able to arrange a meeting with Mr. Onitsuka. Because of his efforts, Tiger’s western United States distribution rights were finally able to fall into his hands.

While he was waiting for the first Tiger samples to be sent to Portland, which took more than a year, he worked as a Certified Public Accountant (CPA) for Coopers & Lybrand and then Price Waterhouse. He taught accounting at Portland State University as well (PSU). 

When he finally got the Tiger running shoes, he sent samples to his old track coach at the University of Oregon, Bill Bowerman. In addition to placing an order for the shoes, Bowerman also requested that Knight join him in business. Blue Ribbon Sports (BRS), which would ultimately become Nike, was founded on January 25, 1964.

Knight, driving a green Plymouth Valiant, began selling Tiger shoes from the trunk of his car at local track meets in the Pacific Northwest. Blue Ribbon Sports paid him well enough in 1969 that he was able to leave his profession as an accountant and devote himself full-time to the company. The company was christened Nike at the suggestion of its first employee, Jeff Johnson, after the Greek winged goddess of triumph.

 When Carolyn Davidson was a student in 1971, Nike paid her $35 for the design of their “swoosh” emblem. After that, she received an undisclosed quantity of Nike shares in exchange for her time. Knight built Nike from a fledgling shoe firm to one of the world’s most recognizable and successful companies during the next four decades. He stepped down as Nike’s CEO in November 2004, but he remained on the board as chairman. The Nike chairman announced his resignation in June 2015 and left the board of directors at the end of June 2016 after more than a decade of service.

He was also involved in the creation of a successful animation studio, Laika. The rapid expansion of the Will Vinton Studios animation studio in the late 1990s necessitated the search for outside backers. In 1998, Knight bought a 15% share in the company, and his son Travis became an animator for the company.

In the end, Knight purchased Will Vinton Studios and renamed it Laika in 2003. “Coraline” was Laika’s first feature-length stop-motion animated picture (2009). Since then, Travis Knight has been promoted to the position of CEO and President of Laika. Also Like: Demi Moore Net Worth

Phil Knight Humanitarianism:

It was revealed in 2016 that Knight had committed $400 million to begin the Knight-Hennessy Scholars graduate-level education program, which was inspired by the Rhodes Scholarship. In 2006, Knight made a donation of US$105 million to the Stanford Graduate School of Business. Knight was responsible for financing the University of Oregon’s new gridiron football complex, which cost $68 million and encompassed 145,000 square feet and was officially opened at the end of July 2013.

Knight made the announcement on September 27, 2013, that he intended to donate US$500 million to research if OHSU could equal it over the course of the succeeding two years. On June 25, 2015, OHSU reached its goal of raising $500 million, and on the same day, Knight announced that he would be donating the same amount, bringing the total amount raised to $1 billion.

Hayward Field was remodeled in 2021 with funding assistance from Knight, which brought the total cost of the project to an estimated $270 million. The Phil and Penny Knight Initiative for Brain Resilience was named after the donors when it was reported in May 2022 that Phil and Penny Knight had given $75 million to Stanford University to start the initiative.

Phil Knight Personal Life:

Phil Knight wed Penelope “Penny” Parks in 1963, and the couple went on to have three children: Travis, Matthew, and Christina when they were all grown up.  Matthew sadly went suddenly in 2004 while scuba diving in El Salvador owing to an undiscovered congenital cardiac condition. Beaverton, Oregon is now home to Phillip and his partner Penelope, who met there.

Phil and Penny have been generous benefactors and supporters of the athletic fund at the University of Oregon for a long time, and the university has recognized them for their contributions on multiple occasions. Even the library at the university was named after his mother; his father’s name is on the law school; and in 2011, the Matthew Knight Arena was named in honor of their late son. Phil Knight was honored with induction into the Oregon Sports Hall of Fame due to the many positive contributions he has made to the sporting world.

Phil Knight 5 Unknown Facts:

 It is said that he ran back home from his summer job at Oregonian after working the night shift and tabulating sports scores.

At the time of its publication in July 2018, Simon & Schuster’s “Shoe Dog,” his memoir, was ranked fifth on The New York Times’ business book best-sellers list.

To honor his contributions to Nike’s massive financial backing of American basketball and its players, the Naismith Memorial Basketball Hall of Fame named Knight an inductee as a contributor in 2012.

Before he had played a game for the Chicago Bulls, Nike signed Michael Jordan as a brand ambassador in 1984 because he was intelligent, articulate, and good-looking.

When Jordan was at the height of his career, Nike sold almost twice as many Jordan goods as they do now; Phil calls Jordan “a brand within a brand.”

General FAQ About Phil Knight Net Worth: