Phil Knight Net Worth is $25 Billion USD and earns an annual income of $1 Billion dollars. Phil Knight is an American business magnate and philanthropist. A native of Oregon, he is the co-founder and chairman emeritus of Nike, Inc. Phil Knight recently bought a brand new Aston Martin luxury car for $650,000 USD. The Net Worth of Phil Knight has seen a hike of 55% over the past few years. While calculating Phil Knight Net Worth we have included the data updated as of this Quarter. Check out the Exclusive information on Phil Knight Net Worth details such as Yearly Income, House, Car Collection, Investments etc. Also read Net Worth details of Paul Allen, Tim Cook and Charles Koch.
|Phil Knight Net Worth||$25 Billion USD|
|Annual Income||$1 Billion USD|
|Luxury Cars – 11||$4 million USD|
|Houses – 4||$210 million USD|
Phil Knight Cars
The Car collection of Phil Knight is Quite Large. Phil Knight owns few of the best luxury cars in the world. The Car brands owned by Phil Knight include Rolls Royce, Jaguar and Range Rover.
Phil Knight Biography
Phil Knight was born in Portland, Oregon, the son of lawyer turned newspaper publisher Bill Knight, and his wife Lota (Hatfield) Knight. Phil Knight grew up in the Portland neighborhood of Eastmoreland, and attended Cleveland High School.
According to one source, “When his father refused to give him a summer job at his newspaper, the Oregon Journal, believing that his son should find work on his own, Phil went to the rival, The Oregonian, where he worked the night shift tabulating sports scores every morning and running home the full seven miles.”
Phil Knight continued his education at the University of Oregon (UO) in Eugene, where he is a graduate brother of Phi Gamma Delta (“FIJI”) fraternity, was a sports reporter for the Oregon Daily Emerald and earned a journalism degree in 1959.
As a middle-distance runner at UO, his personal best was 1 mile (1.6 km) in 4 minutes, 10 seconds, and he won varsity letters for his track performances in 1957, 1958 and 1959. In 1977, together with Bowerman and Geoff Hollister, Phil Knight founded an American running team called Athletics West.
Before the Blue Ribbon Sports business that would later become Nike flourished, Phil Knight was a Certified Public Accountant (CPA), firstly with Price Waterhouse, and then Coopers & Lybrand. Knight then became an accounting professor at Portland State University (PSU).
Phil Knight set out on a trip around the world after graduation, during which he made a stop in Kobe, Japan, in November 1962.
It was there he discovered the Tiger-brand running shoes, manufactured in Kobe by the Onitsuka Co. So impressed was he with the quality and low cost, Knight made a cold call on Mr. Onitsuka, who agreed to meet with him. By the end of the meeting, Knight had secured Tiger distribution rights for the western United States.
Following mainstream success in the late 1990s, the animation company Will Vinton Studios experienced very rapid growth and Vinton needed to court external investors—Knight was one of the wealthy businessmen that he approached.
Phil Knight subsequently assumed a 15 percent stake in the company in 1998 and facilitated the employment of his son Travis, who had graduated from PSU following an unsuccessful attempt at a rap music career, as an animator.
Phil Knight has donated tens of millions of dollars to the University of Oregon’s academic side. Major gifts include funds supporting the renovation of the Knight Library and construction of the Knight Law Center. Phil Knight also established endowed chairs across the campus.
In the fall of 2016, it was announced that Phil Knight will donate $500 million to UO for a new three-building laboratory and research science complex. This donation was part of a series of large higher-education gifts.
In May, 2012, Phil Knight contributed US$65,000 to a higher education Political Action Committee (PAC) formed by Columbia Sportswear CEO Tim Boyle.
According to Boyle, the PAC will help facilitate an increase in the autonomy of schools in the Oregon University System. In the fall of 2014, it was reported in the media that Knight would donate up to $1 billion to UO’s endowment fund. However, these rumors did not materialize.
In September, 2013, Phil Knight surprised the audience at the OHSU Knight Cancer Institute’s biennial gala, when he announced his intention to donate US$500 million for research if OHSU could match it over the subsequent two years.
In June, 2015, OHSU met that $500 million goal, and Knight announced his upcoming $500 million donation, to bring the total to $1 billion raised.
In February, 2012, Phil Knight was announced as a 2012 inductee of the Naismith Memorial Basketball Hall of Fame as a contributor. The Hall recognized him as the driving force behind Nike‘s huge financial support of U.S. basketball and its players. Knight was formally inducted in September, 2012.
Phil Knight met his wife, Penelope “Penny” Parks, while he was working at Portland State University and the pair were married on September 13, 1968. They own a home in La Quinta, California.
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Phil Knight Net Worth Growth Estimate
The Net Worth and Income of Phil Knight is expected to continue to grow at a Strong pace. Over the next few years, Phil Knight’s Net worth is likely to grow by around 60%.