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Phil Knight Net Worth

Phil Knight Net Worth 2020

Philip Hampson Knight is an American Businessman and philanthropist who is a native of Oregon. He is the chairman and co-founder of Nike, Inc. According to Forbes Magazine in the year 2018, he was ranked as the 28th richest person in the world. He also donated his earnings and has donated around two billion dollars in three institutions till now. To know the net worth of Phil Knight in 2020, you can check out this article ahead.

Early Life & Biography

Phil Knight Net Worth 2020

He was born on 24th February 1938 in Portland Oregon, and he is the son of a lawyer who then turned to newspaper publisher Bill Knight. His mother’s name was Lota Knight. He spent his childhood years in Portland and went to Cleveland High School. His father didn’t allow Phil to do the job at his newspaper because he thought that Phil should find work on his own.

Phil Knight chose to go to Oregonian where he used to work at night shift for tabulation of sports scores, and he had to run home for seven miles in all. After school, he went to the University of Oregon in Eugene where he got a degree in Journalism in the year 1959. In the year 1977, he has also founded an American running team which is known as athletics west along with Bowerman and Geoff Hollister.

Personal Life

He met his wife Penelope Parks when he was studying at the Portland State University, and both of them got married on 13th September in the year 1968. They have got their home in La Quinta in California. He has also reached the Oregon Sports Hall of Fame in the year 2000. On 24th February 2012, he was also named as the inductee of Naismith Memorial Basketball Hall of Fame for his contribution.

Career, Awards & Nominations

He used to work as a Certified Public Accountant along with Coopers & Lybrand and then he also worked at Price Waterhouse. He was even accounting professor at Portland State University, but then he started his Blue Ribbon Sports business which was flourished by Nike later. When he finished his graduation from the University of Oregon, he went into Army and also served the country for one year and then seven years in the Army Reserve.

He enrolled himself in the Stanford Graduate School of Business. AT that time, he came to know that he also loves to do business other than sports. He left his accountant job and then started working full time for Blue Ribbon Sports. The Blue ribbon sports company was later named as Nike in the year 1971. Its logo was made by a graphic designer student named Carolyn Davidson in the year 1971 for which he got the US $35 only. Nike’s logo is one of the most powerful logos in the whole world.

Net Worth & Earnings

The net worth of Phil Knight is around $32 Billion which he has accumulated from his business of Nike and sports. Not only he earns such huge amount of money, but he also spends money by making donations. In the year 2008, he donated the $100 million amount of money to a Cancer Institute. He has donated a lot of money in schools for the better child education.

For his contributions in business and corporate world, he was elected in the American Academy of Arts and Sciences Membership Class in the year 2015. He is a person who earns money for himself and for helping poor people to live a better life ahead. Most of the money he earns comes from his Nike Sports Company as he is the chairman of it.

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