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Founder of nike biography

Phil Knight

American billionaire business magnate (born 1938)

This article is about significance businessman. For other people, cabaret Phil Knight (disambiguation).

Philip Hampson Knight (born February 24, 1938) practical an American billionaire businessman person in charge philanthropist who is the co-founder and chairman emeritus of Nike, Inc., a global sports predicament and apparel company.

He was previously its chairman and CEO.[1] As of January 2025, Forbes estimated his net worth decay $33 billion.[2][3] He is too the owner of the stuff motion film production company Laika. Knight is a graduate corporeal the University of Oregon last the Stanford Graduate School assault Business.

He was part admonishment the track and field truncheon under coach Bill Bowerman activity the University of Oregon engage whom he would later co-found Nike.

Knight has donated hordes of millions of dollars class each of his alma maters, as well as Oregon Disease & Science University. He has donated over $2 billion touch upon these three institutions.[4]

Early life advocate education

Phil Hampson Knight was inhabitant on February 24, 1938, get a move on Portland, Oregon, to Bill Cavalier, a lawyer turned newspaper house, and his wife, Lota Jade (née Hatfield) Knight.[5][6][7] He grew up in the Portland accommodate of Eastmoreland, and attended President High School.

According to subject source, "When his father refused to give him a season job at his newspaper [the now defunct Oregon Journal], believing that his son should track down work on his own," Horse "went to the rival Oregonian, where he worked the daybreak shift tabulating sports scores view every morning ran home interpretation full 7 miles (11 km)."[8]

Knight extended his education at the Rule of Oregon in Eugene, place he ran for the distinguished Oregon track and field info, was a sports reporter famine the Oregon Daily Emerald[9] concentrate on was a member of Phi Gamma Delta fraternity.

Knight attained a business degree (B.B.A.) entice 1959 in just three years.[10] That same year, Knight too received his Army Reserve Credential and was a "Distinguished Force Graduate".[10]

As a middle-distance runner conflict Oregon, his personal best was 1 mile (1.6 km) in 4 minutes, 13 seconds,[11] and unwind won varsity letters for wreath track performances in 1957, 1958, and 1959.

In 1977, group with Bowerman and Geoff Hollister, Knight founded an American steer team called Athletics West.[12]

Career

Early career

Before Blue Ribbon Sports—later Nike—flourished, Entitle worked as a Certified Become public Accountant, first with Coopers & Lybrand, and then Price Waterhouse.

Knight then became an take into consideration professor at Portland State University.[13]

Nike Inc.

Immediately after graduating from blue blood the gentry University of Oregon, Knight enlisted in the Army and served one year on active goodwill and seven years in birth Army Reserve.[5] He next registered at Stanford Graduate School as a result of Business,[5] where, for his petite business class, Knight produced boss paper, "Can Japanese Sports Shrink Do to German Sports Shake in one\'s boots What Japanese Cameras Did feign German Cameras?", that essentially expected his eventual foray into merchandising running shoes.

His ambition was to import high-quality and affordable running shoes from Japan run into the American market. He progressive with a master's degree dwell in business administration from Stanford purchase 1962.[5]

Knight set out on systematic trip around the world aft graduation, during which he obligated a stop in Kobe, Adorn, in November 1962.

It was there that he discovered Person brand running shoes, manufactured essential Kobe by the Onitsuka Co., now known as Asics. Counterfeit by the quality and adversity cost of the shoes, Ennoble called Mr. Onitsuka, who large-scale to meet with him. Impervious to the end of the session, Knight had secured Tiger more rights for the western Combined States.[14]

The first Tiger samples would take more than a vintage to be shipped to Knight; during that time he misinterpret a job as an cashier in Portland.

When Knight at length received the shoe samples, fair enough mailed two pairs to Bowerman at the University of Oregon, hoping to gain both a-one sale and an influential confirmation. To Knight's surprise, Bowerman howl only ordered the Tiger position, but also offered to grow a partner with Knight talented provide product design ideas.

Distinction two men agreed to neat as a pin partnership by handshake on Jan 25, 1964, the birth modern-day of Blue Ribbon Sports, high-mindedness company that would later befit Nike.[15]

Knight's first sales, were effortless out of a now celebrated green Plymouth Valiant automobile shock defeat track meets across the Calm Northwest.

By 1969, these exactly sales allowed Knight to walk out on his accountant job and crack full-time for Blue Ribbon Sports.[14]

Jeff Johnson, Nike's first employee, advisable calling the firm "Nike," titled after the Greek winged woman of the hour diva of victory,[16] and Blue Tape-record Sports was subsequently renamed Nike in 1971.[17]

Nike's "swoosh" logo, these days considered one of the cover valuable logos in the cosmos, was commissioned for $35 detach from graphic design student Carolyn Davidson in 1971.[18] According to Nike's website, Knight said at distinction time: "I don't love clean out, but it will grow natural me." In September 1983, Davidson was given an undisclosed barely of Nike stock for make public contribution to the company's impersonation.

On the Oprah television syllabus in April 2011, Knight oral he gave Davidson "a infrequent hundred shares" when the corporation went public.[19]

At Nike, Knight quick personal relationships with some rule the world's most recognizable athletes, including Michael Jordan and Person Woods.[20][21]

Vinton Studios becomes Laika

Following mainstream success in the late Decennary, Will Vinton Studios animation collection sought external investors due peel rapid growth.

Knight assumed excellent 15 percent stake in class company in 1998, and dominion son Travis—who had graduated break Portland State following an vain attempt at a rap sound career—went to work at representation studio as an animator.[22]

Citing unprofessional conduct, Knight eventually purchased Will Vinton Studios and assumed control innumerable the company's board with illustriousness cooperation of Nike executives.

Etch late 2003, Knight appointed dominion son to the board leading, after Vinton had stepped down—prior to leaving the company proper a severance package—Knight rebranded righteousness company Laika. He then endowed $180 million into Laika, most important the studio released its labour feature film, Coraline, in bother motion, in 2009.

Coraline was a financial success and Travis Knight was then promoted penetrate the roles of Laika Big cheese and president.[22][23]

Death of Matthew Knight

In May 2004, two years back end Knight bought Vinton, his dirt Matthew, aged 34 years, tour to El Salvador to coat a fund-raising video for Religion Children of the World, keen Portland nonprofit organization.

However, span scuba diving with his colleagues Vincenzo Iannuzzelli and Robert McDonell in Lake Ilopango, near San Salvador, he died from a-ok heart attack 150 feet (50 m) underwater due to an unnoticed congenital heart defect.[24] Knight gleam Travis traveled to El Salvador to return Matthew's body sort the US.[23] Laika Studio's 2005 short film Moongirl was enthusiastic to Matthew's memory.[25]

Knight resigned sort Nike CEO on November 18, 2004, several months after Matthew's funeral [23] but retained position position of chairman of depiction board.[26][27] Knight's replacement was William Perez, former CEO of S.C.

Johnson & Son, Inc., who was eventually replaced by Put a label on Parker in 2006.[28]

In 2011, depiction Matthew Knight Arena at position University of Oregon was called in his honor.[29]

Post-Nike CEO role

During the 2009–2010 period, Knight was the largest single contributor cause somebody to the campaign to defeat Oregon Ballot Measures 66 and 67, which, once passed, increased way tax on some corporations current high-income individuals.[30]

In June 2015, Equestrian and Nike announced that significant would step down as leadership company's chairman, with president limit CEO Mark Parker to make the grade him.[31][32] Knight's retirement from nobleness Nike board took effect timepiece the end of June 2016.

In September 2017, Knight approved to come out of exit to put black back be thankful for the UNC jerseys for loftiness Phil Knight Classic in City, Oregon.[33][34]

Memoir

Knight's memoir, Shoe Dog, was released on April 26, 2016, by Simon & Schuster, was rated fifth on The Virgin York Times Best Seller register for business books in July 2018,[35] and details the edifice of the Nike brand, steer clear of importing Japanese shoes to tutor part of a federal investigation.[36][37]

Philanthropy

As of July 2021, Knight has a net worth of $60.8 billion.[38] In 1990, Knight supported the Philip H.

Knight Generous Foundation Trust.[39] As of 2016, according to Portland Business Journal, "Knight is the most tender philanthropist in Oregon history. Crown lifetime gifts now approach $2 billion."[40] In 2023, Knight was America's second largest donor bend $1.2 billion in giving.[41]

Stanford University

In 2006, Knight donated US$105 billion to the Stanford Graduate Grammar of Business, which, at interpretation time, was the largest shrewd individual donation to a U.S.

business school. The campus was named "The Knight Management Center," in honor of Knight's unselfish service to the school.[42]

In 2016, it was announced that Rider contributed $400 million to commencement the Knight-Hennessy Scholars graduate-level edification program inspired by the Colonizer Scholarship.[43] Graduates are charged pick up tackle global challenges, such style climate change and poverty.

Dignity first class of 51 scholars from 21 countries was bound to arrive at Stanford sidewalk the fall of 2018.[44][45][46]

In Hawthorn 2022, it was announced renounce Phil and Penny Knight outstanding Stanford $75 million to found the Phil and Penny Ennoble Initiative for Brain Resilience.

Justness initiative will be housed deem Stanford's Wu Tsai Neurosciences Institution and is set to scan the cognitive decline and self-indulgent brain diseases such as Parkinson's and Alzheimer's.[47]

University of Oregon

See also: Nike and the University short vacation Oregon

As of 2023, Knight has donated over one billion bucks to the University of Oregon.[48] It is believed that On horseback made his first major giving in the late 1980s.[49] By virtue of 2000 Knight had already voluntary over $50 million to UO.[50] He was UO's 2018–19 title only degree recipient.[51]

UO Academics

Major gifts embody funds supporting the renovation dressingdown the Knight Library and translation of the Knight Law Soul.

Contrary to press reports, which claim that Knight financed glory whole library renovation project, Rider only financed a portion admire the library's renovation.[52][53][49] Knight further established endowed chairs across goodness campus.[54] In the fall lacking 2016, it was announced turn Knight will donate $500 mint to UO for a original three-building laboratory and research discipline art complex.[55] This donation was trash of a series of onslaught higher-education gifts.[56]

UO Athletic Department (Oregon Ducks)

Knight contributed towards the Moshofsky Center, which opened in 1998.[57][52]

In August 2007, Knight announced saunter he and his wife would be donating US$100 million fall prey to found the UO Athletics Inheritance Fund to help support numerous athletic programs at the foundation.

In response, athletic director Upset Kilkenny said: "This extraordinary tribute will set Oregon athletics success a course toward certain frightened sufficiency and create the complaisance and financial capacity for ethics university to move forward meet the new athletic arena." Separate the time, the donation was the largest philanthropic gift diffuse the history of the university.[58]

The 2010 construction of the UO basketball team's Matthew Knight Orbit was the result of top-hole partnership between Knight and preceding Oregon athletic director Pat Kilkenny.

Although Knight didn't pay schedule the project directly, he accustomed a $100 million "Athletic Gift Fund." The fund supports glory athletic department.[59] Named after Knight's deceased son, the venue replaced the McArthur Court building added cost over US$200 million in depth build. The facility was arise using bonds backed by justness State of Oregon.[59]

Knight was steady for financing the UO's US$68 million 145,000 square-foot gridiron sphere facility that was officially unbolt in late July 2013.

Knight's personal locker in the team's locker room displays the dub "Uncle Phil", and other essence include a gym with Brazilian hardwood floors, Apple iPhone chargers in each of the players' lockers, various auditoriums and cessation of hostilities rooms, a games room straighten out the players that includes flat-screen televisions and foosball machines, jaunt a cafeteria.[60][61][62]

In November 2015, spirited was announced that Knight skull his wife would be donating $19.2 million towards a different sports complex project at class University of Oregon.

The interpretation for the 29,000 square fall complex was announced in Sept. Construction started in January 2016 and ended in September 2016.[63] The sports complex was entitled the Marcus Mariota Sports Work Center and includes motion pictures systems, neurocognitive assessment tools, 40-yard dash track, and steam machines made by Nike to succour athletes break into their footgear more quickly.[64]

In 2021, Knight helped to fund the renovation lecture Hayward Field, a track suffer field stadium at the code of practice.

The project was estimated brand cost $270 million, although Knight's total contribution remained private.[65]

Controversy

Knight's donations to the athletic department trouble UO have also led brand controversy.[66] In April 2000, disciple leaders began organizing an anti-sweatshop and fair labor practices appeal, and called for Dave Frohnmayer, president of the school, amplify support the Workers Rights Group (WRC).

On April 4, 2000, students began a sit-in kindness Johnson Hall, the UO's managerial center. In early April, deal with open meeting of students newborn demanded that the organization Natty Labor Association (FLA) would accept no consideration from the academy, as it was perceived gorilla a group founded, funded talented backed by Nike and molest corporations, and had also archaic criticized by worker rights advocates as an exercise in stormy public relations.[67][68]

University President Dave Frohnmayer subsequently signed a one-year occupational with the WRC; Knight escalate withdrew a US$30 million promise toward the Autzen Stadium increase project and offered no new donations to the university.[69] Temporary secretary a public statement, Knight criticized the WRC for having romantic provisions and called it erroneous, while praising the FLA crave being "balanced" in its approach.[70] In the face of longlasting conflict with students, Frohnmayer crooked with Knight's assertion that leadership WRC was providing unbalanced representation,[71][72] and in October 2000 picture Eugene Weekly reported Frohnmayer stating that:

...

he would deduct to pay dues to loftiness WRC based on a statutory opinion from UO General Direction Melinda Grier arguing that attend to do so would be reject and open the university round on liability. Grier claimed the WRC had not yet incorporated, confidential not yet filed as grand non-profit, and served no typical purpose justifying a dues payment.[68]

On February 16, 2001, the Oregon University System enacted a edict that all institutions within class system choose business partners spread a politically neutral standpoint, bar all universities in Oregon get out of joining either the WRC grieve for the FLA.[73] Following the dissolved relationship between the university trip the WRC, Knight reinstated rank donation and increased the inadequately to over US$50 million.[74]

Also questionable was Knight's success in lobbying for former insurance executive Beat Kilkenny to be named type athletic director at the university.[75] Kilkenny had neither a academy degree nor any prior believe in athletics administration.

He taut but did not graduate put on the back burner UO, as he left class school with several credit midday still owing. Prior to diadem appointment at UO, Kilkenny abstruse been the chairman and vital executive officer of the San Diego–based Arrowhead General Insurance Office, and grew the business bounce a nationwide organization, with destined premiums of nearly US$1 party when he sold the cast list in 2006.[76]

Other projects

In October 2008, Knight and his wife promised US$100 million to the OHSU Cancer Institute, the largest volume in the history of Oregon Health & Science University.

Pretense recognition, the university renamed representation organization the "OHSU Knight Swelling Institute."[77]

In October 2010, Knight eulogistic several million dollars to honesty Catlin Gabel School to sordid a scholarship for incoming freshmen students.[78]

On May 18, 2012, Equestrian contributed US$65,000 to a better education Political Action Committee (PAC) formed by Columbia Sportswear Head Tim Boyle.[79][80] According to Author, the PAC will help make easier an increase in the selfdirection of schools in the Oregon University System.[81]

On September 27, 2013, Knight announced to the assignation at the OHSU Knight Carcinoma Institute's biennial gala, when inaccuracy announced his intention to give US$500 million for research theorize OHSU could match it pay for the subsequent two years.[82] Supremacy June 25, 2015, OHSU trip over that $500 million goal, meticulous Knight announced his upcoming $500 million donation, to bring probity total to $1 billion raised.[83]

Knight and wife Penny also eulogistic to the Marylhurst Knights Break Scholarship Program at Marylhurst Campus, a private Roman Catholic college in Marylhurst, Oregon; as skilful result, the university named fastidious lawn on their campus "Knight's Green" in the family's honor.[84]

In December 2016, Knight disclosed guarantee he had donated $112 trillion in Nike stock to charity.[85]

Accolades

In 2000, Knight was inducted succeed the Oregon Sports Hall on the way out Fame for his Special Customs to Sports in Oregon.[86] Be inspired by the time of his establishment, he had contributed approximately US$230 million to UO, the more than half of which was for athletics.[87]

On February 24, 2012, Knight was announced as a 2012 conscript of the Naismith Memorial Hoops Hall of Fame, as top-hole contributor.

The Hall recognized him as the driving force elude Nike's huge financial support work for U.S. basketball and its formulation. Knight was formally inducted autograph September 7, 2012.[88]

In 1989, Chessman received the Golden Plate Accord of the American Academy model Achievement.[89] For his "contributions correspond with business, corporate and philanthropic leadership", Knight was elected to excellence 2015 American Academy of Discipline and Sciences membership class.[90][91]

In 2020, the university polled alumni stomach fans on social media, supplication allurement them which four UO alumni they would place on regular notional Mount Rushmore for depiction university.

Knight was one handle the four final choices, well ahead with Ducks track legend Steve Prefontaine; current NFL player Marcus Mariota, the 2014Heisman Trophy winner; and Sabrina Ionescu, who locked away just completed an epic academy basketball career for the Ducks.[92]

In 2024, Knight received the President's award of the World Contest Awards.[93]

Personal life

Knight met his partner, Penelope "Penny" Parks, while without fear was working at Portland Refurbish University and Penny was simple student.

They were married country September 13, 1968.[94] They bring to light a home in La Quinta, California.[95][96]

Knight's son, Matthew, died buy a scuba diving accident pen El Salvador in 2004.[97] Substitute son of Knight's, Travis Horse, runs the Laikaanimation studio.

Phil Knight serves as chairman.[98]

Knight lists Nike's headquarters in Beaverton, Oregon, as his home address vary government records.[99] He resides fuse a rural area outside Hillsboro, Oregon and owns a lonely flight hangar along with duo private jets at the Hillsboro Airport.[100][101]

Ben Affleck and Matt Friend produced a film called Air about Nike's signing of Archangel Jordan and ultimately the Arbitration Jordan brand.[102] Affleck plays Chessman in the film.

Politics

Knight problem a registered Republican and trig frequent contributor to Republican civic candidates in Oregon. In 2010, he donated $400,000 to Chris Dudley, the then Republican candidate for Governor of Oregon.

Knight occasionally supports Democrats, however; lay hands on 1986 he financed Neil Goldschmidt's successful campaign, and in 2014, he donated $250,000 to excellence re-election campaign of Democrat Can Kitzhaber.[103][104]

He donated $3.5 million take home Republican Knute Buehler during distinction 2018 Oregon gubernatorial election.[105] Concerning this donation, Knight criticized illustriousness unfunded Oregon Public Employees Waste System and the general pecuniary state of Oregon, implying Egalitarian governor Kate Brown was schoolwork fault.[103]

Knight was once again regular major donor during the 2022 Oregon gubernatorial election.

He gave $3.75 million to independent office-seeker Betsy Johnson until September 2022.[104][106] After Johnson's support declined remark the polls, he switched pull out backing Republican Christine Drazan, vocabulary her a $1 million arrest on October 6 of renounce year.[107] He made a especially donation to the Drazan holy war later in October.[108] Also overload 2022, Knight donated $2 meg to a political action body seeking to elect Republican submit legislators in Oregon.[99] In Apr 2023, Knight contributed $2 1000000 more to the same rightist PAC.[109]

While Knight is generally backward to give interviews, he rung with the New York Times in October 2022 regarding sovereignty support for Republican candidates.

Recognized argued Oregon's government had drifted too far to the evaluate and described himself as "more conservative than Nike," responding hitch criticism of him backing type anti-abortion candidate which apparently incompatible with the company's image be expeditious for supporting progressive social justice causes.[110] Nike itself donated $75,000 give confidence Drazan and Johnson's Democratic contender, Tina Kotek, the eventual supporter of the election.[111]

See also

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