Philip Hampson Knight, famously known as Phil Knight, is an American billionaire businessman, philanthropist, and co-founder of Nike, Inc., one of the largest and most iconic athletic footwear and apparel brands in the world. Born on February 24, 1938, in Portland, Oregon, Knight transformed a modest shoe-distribution business into a global powerhouse. His entrepreneurial vision, marketing genius, and relentless drive redefined the sports industry.
Knight’s journey from a college track athlete to a business titan exemplifies resilience, creativity, and an undying passion for innovation. Beyond his corporate accomplishments, he is celebrated for his philanthropic contributions to education, healthcare, and sports.
Quick Facts
Full Name | Philip Hampson Knight |
Birth Date | February 24, 1938 |
Birth Place | Portland, Oregon, USA |
Age | 86 (as of 2024) |
Zodiac Sign | Pisces |
Father’s Name | William W. Knight |
Father’s Occupation | Lawyer and Newspaper Publisher |
Mother’s Name | Lota Hatfield Knight |
Mother’s Occupation | Homemaker |
Siblings | Not publicly disclosed |
Height | 5 feet 9 inches (175 cm) |
Weight | Approximately 170 lbs (77 kg) |
Spouse | Penelope “Penny” Knight |
Children | Matthew Knight (deceased), Travis Knight, Christina Knight |
Residence | Hillsboro, Oregon, USA |
Net Worth | Estimated at $45.0 billion (as of December 2023) |
Not publicly available | |
Car | Custom Lexus and other luxury vehicles |
Early Life and Childhood
Phil Knight was born to William W. Knight, a prominent Portland attorney and the publisher of the Oregon Journal, and Lota Hatfield Knight, a homemaker. Knight’s father emphasized discipline and hard work, values that deeply influenced Phil’s approach to life and business. Knight grew up in Portland and attended Cleveland High School, where he developed a strong passion for sports, particularly running.
An avid athlete, Knight joined the track team and competed as a middle-distance runner. His athletic pursuits introduced him to Bill Bowerman, a legendary track coach at the University of Oregon, who later became his business partner in founding Nike.
Education
Knight graduated from the University of Oregon (UO) in 1959 with a degree in journalism. While at UO, he was a middle-distance runner under Bowerman’s coaching and a member of the Phi Gamma Delta fraternity. His time as a student-athlete and his friendship with Bowerman were instrumental in shaping his future.
After earning his bachelor’s degree, Knight served in the U.S. Army, completing one year of active duty and seven years in the Army Reserve. Following his military service, Knight pursued a Master of Business Administration (MBA) at the Stanford Graduate School of Business, graduating in 1962. His Stanford studies sparked the idea of creating a company to sell Japanese athletic shoes in the U.S., marking the inception of his entrepreneurial journey.
Career
Founding Blue Ribbon Sports and Nike
In 1964, Knight and Bowerman co-founded Blue Ribbon Sports (BRS). Initially, BRS operated as a distributor for Onitsuka Tiger, a Japanese shoemaker (now known as ASICS). Knight began by selling shoes from the trunk of his car at track meets, relying on his passion for running and his growing network of athletes.
By 1971, the relationship with Onitsuka Tiger ended, prompting Knight and Bowerman to create their own brand. They renamed their company Nike, Inc., inspired by the Greek goddess of victory. The famous Swoosh logo, designed by graphic designer Carolyn Davidson, was introduced the same year. Knight famously paid Davidson $35 for the logo, though he later gifted her Nike stock as the company soared in value.
Nike’s Growth and Success
Under Knight’s leadership, Nike grew into a global leader in sportswear. The company revolutionized the industry with innovations such as Air Max technology, aggressive marketing campaigns, and athlete endorsements. Nike’s collaborations with iconic athletes like Michael Jordan, Tiger Woods, and Serena Williams solidified its brand identity.
By the mid-1980s, Nike became the largest sportswear company in the world. Knight served as CEO until 2004, stepping down to focus on strategic oversight as Chairman Emeritus.
Personal Life
Marriage and Family
Phil Knight married Penelope “Penny” Parks in 1968, and the couple has three children:
- Matthew Knight: Tragically passed away in a scuba diving accident in 2004 at the age of 34.
- Travis Knight: A renowned film director and CEO of Laika, the animation studio behind films like Kubo and the Two Strings.
- Christina Knight: Maintains a private life away from the spotlight.
Residence and Lifestyle
Knight resides in Hillsboro, Oregon, where he owns a luxurious estate. Despite his immense wealth, he is known for his humble demeanor and preference for privacy. His home features modern architecture and expansive grounds, reflecting his appreciation for simplicity and elegance.
Friends and Network
Over the years, Knight has formed close friendships with industry leaders, athletes, and philanthropists. His bond with Bill Bowerman, his track coach and business partner, was particularly significant in shaping Nike’s foundation. He also maintains connections with prominent figures in sports and business, including Michael Jordan and other Nike-endorsed athletes.
Cars and Assets
Knight’s car collection includes a custom Lexus and other luxury vehicles, though he is not known for flaunting his wealth. His focus remains on investments and philanthropy rather than personal indulgence.
Net Worth
According to Celebrity Net Worth, Phil Knight’s estimated net worth is $45.0 billion, making him one of the richest individuals globally. The majority of his fortune stems from his holdings in Nike, Inc., as well as strategic investments in other ventures.
Philanthropy
Knight has donated over $2 billion to educational and healthcare causes, including:
- $500 million to the University of Oregon for athletic and academic facilities.
- $400 million to Stanford University for scientific research.
- Significant contributions to the Knight Cancer Institute at Oregon Health & Science University.
Frequently Asked Questions (FAQs)
What is Phil Knight’s full name?
Philip Hampson Knight.
When was Phil Knight born?
February 24, 1938.
What is Phil Knight’s net worth?
Estimated at $45.0 billion (as of 2024).
Who are Phil Knight’s children?
Matthew Knight (deceased), Travis Knight, and Christina Knight.
What is Phil Knight’s height and weight?
Approximately 5 feet 9 inches (175 cm) tall and 170 lbs (77 kg).
Where does Phil Knight live?
Hillsboro, Oregon.
What is Phil Knight’s connection to Laika animation?
His son, Travis Knight, is the CEO of Laika, which Phil Knight owns.
Is Phil Knight active on Instagram?
No, Phil Knight does not maintain a public Instagram account.
What cars does Phil Knight own?
He owns a custom Lexus and other luxury vehicles.
What are Phil Knight’s philanthropic contributions?
He has donated over $2 billion to educational, healthcare, and scientific initiatives.
In a Nutshell
Phil Knight’s story is one of vision, determination, and relentless pursuit of excellence. From selling shoes out of his car to building a global sportswear empire, Knight’s legacy extends far beyond business. As a philanthropist, innovator, and trailblazer, he continues to inspire generations of entrepreneurs and athletes alike. His journey exemplifies the power of ambition, teamwork, and a commitment to making a difference in the world.