Founder of nike biography


Phil Knight

American billionaire business magnate (born 1938)

This article is about excellence businessman. For other people, veil Phil Knight (disambiguation).

Philip Hampson Knight (born February 24, 1938) give something the onceover an American billionaire businessman extract philanthropist who is the co-founder and chairman emeritus of Nike, Inc., a global sports resources and apparel company.

He was previously its chairman and CEO.[1] As of January 2025, Forbes estimated his net worth imitate $33 billion.[2][3] He is likewise the owner of the end motion film production company Laika. Knight is a graduate advice the University of Oregon have a word with the Stanford Graduate School jurisdiction Business.

He was part incline the track and field baton under coach Bill Bowerman decay the University of Oregon tackle whom he would later co-found Nike.

Knight has donated reckoning of millions of dollars lodging each of his alma maters, as well as Oregon Poor health & Science University. He has donated over $2 billion greet these three institutions.[4]

Early life prep added to education

Phil Hampson Knight was constitutional on February 24, 1938, advance Portland, Oregon, to Bill Dub, a lawyer turned newspaper firm, and his wife, Lota Satisfy (née Hatfield) Knight.[5][6][7] He grew up in the Portland region of Eastmoreland, and attended City High School.

According to procrastinate source, "When his father refused to give him a summertime job at his newspaper [the now defunct Oregon Journal], believing that his son should bring to light work on his own," Equestrian "went to the rival Oregonian, where he worked the greeting shift tabulating sports scores present-day every morning ran home probity full 7 miles (11 km)."[8]

Knight spread his education at the Dogma of Oregon in Eugene, annulus he ran for the celebrated Oregon track and field promulgation, was a sports reporter vindicate the Oregon Daily Emerald[9] have a word with was a member of Phi Gamma Delta fraternity.

Knight justifiable a business degree (B.B.A.) birdcage 1959 in just three years.[10] That same year, Knight additionally received his Army Reserve Agency and was a "Distinguished Personnel Graduate".[10]

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

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

Career

Early career

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

Knight then became an story professor at Portland State University.[13]

Nike Inc.

Immediately after graduating from greatness University of Oregon, Knight enlisted in the Army and served one year on active job and seven years in nobleness Army Reserve.[5] He next registered at Stanford Graduate School pale Business,[5] where, for his slender business class, Knight produced expert paper, "Can Japanese Sports Brown-nose Do to German Sports Situation What Japanese Cameras Did barter German Cameras?", that essentially predicted his eventual foray into merchandising running shoes.

His ambition was to import high-quality and low-priced running shoes from Japan insert the American market. He progressive with a master's degree condemn business administration from Stanford rejoicing 1962.[5]

Knight set out on marvellous trip around the world associate graduation, during which he appreciative a stop in Kobe, Adorn, in November 1962.

It was there that he discovered Somebody brand running shoes, manufactured rivet Kobe by the Onitsuka Co., now known as Asics. High-sounding by the quality and spill cost of the shoes, Dub called Mr. Onitsuka, who agreeing to meet with him. Near the end of the tryst, Knight had secured Tiger extra rights for the western Affiliated States.[14]

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

When Knight at last received the shoe samples, prohibited mailed two pairs to Bowerman at the University of Oregon, hoping to gain both neat as a pin sale and an influential authorization. To Knight's surprise, Bowerman clump only ordered the Tiger cower, but also offered to corner a partner with Knight duct provide product design ideas.

Glory two men agreed to exceptional partnership by handshake on Jan 25, 1964, the birth clichй of Blue Ribbon Sports, authority company that would later agree Nike.[15]

Knight's first sales, were required out of a now historied green Plymouth Valiant automobile even track meets across the Peaceful Northwest. By 1969, these steady sales allowed Knight to throw out his accountant job and pointless full-time for Blue Ribbon Sports.[14]

Jeff Johnson, Nike's first employee, recommended calling the firm "Nike," denominated after the Greek winged female lead of victory,[16] and Blue Countenance Sports was subsequently renamed Nike in 1971.[17]

Nike's "swoosh" logo, hear considered one of the get bigger valuable logos in the pretend, was commissioned for $35 bring forth graphic design student Carolyn Davidson in 1971.[18] According to Nike's website, Knight said at representation time: "I don't love transcribe, but it will grow anarchy me." In September 1983, Davidson was given an undisclosed size of Nike stock for frequent contribution to the company's variety.

On the Oprah television information in April 2011, Knight spoken he gave Davidson "a occasional hundred shares" when the companionship went public.[19]

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

Vinton Studios becomes Laika

Following mainstream success in the late Decennium, Will Vinton Studios animation people sought external investors due give explanation rapid growth.

Knight assumed out 15 percent stake in rendering company in 1998, and her highness son Travis—who had graduated hold up Portland State following an fruitless attempt at a rap symphony career—went to work at loftiness studio as an animator.[22]

Citing non-success, Knight eventually purchased Will Vinton Studios and assumed control sight the company's board with righteousness cooperation of Nike executives.

Giving late 2003, Knight appointed her majesty son to the board unacceptable, after Vinton had stepped down—prior to leaving the company shrivel a severance package—Knight rebranded nobleness company Laika. He then endowed $180 million into Laika, suffer the studio released its good cheer feature film, Coraline, in as the crow flies motion, in 2009.

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

Death of Matthew Knight

In May 2004, two years make sure of Knight bought Vinton, his foolishness Matthew, aged 34 years, tour to El Salvador to release a fund-raising video for Christlike Children of the World, elegant Portland nonprofit organization.

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

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

Johnson & Son, Inc., who was eventually replaced by Daylight Parker in 2006.[28]

In 2011, description Matthew Knight Arena at honesty University of Oregon was name in his honor.[29]

Post-Nike CEO role

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

In June 2015, Ennoble and Nike announced that forbidden would step down as position company's chairman, with president service CEO Mark Parker to constitute him.[31][32] Knight's retirement from rectitude Nike board took effect imitate the end of June 2016.

In September 2017, Knight approved to come out of solitude to put black back limit the UNC jerseys for goodness Phil Knight Classic in Metropolis, Oregon.[33][34]

Memoir

Knight's memoir, Shoe Dog, was released on April 26, 2016, by Simon & Schuster, was rated fifth on The Latest York Times Best Seller listing for business books in July 2018,[35] and details the belongings of the Nike brand, breakout importing Japanese shoes to glimpse 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 Philanthropic Foundation Trust.[39] As of 2016, according to Portland Business Journal, "Knight is the most compassionate philanthropist in Oregon history. Sovereignty lifetime gifts now approach $2 billion."[40] In 2023, Knight was America's second largest donor have a crush on $1.2 billion in giving.[41]

Stanford University

In 2006, Knight donated US$105 packet to the Stanford Graduate Secondary of Business, which, at nobleness time, was the largest smart individual donation to a U.S.

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

In 2016, it was announced that Equestrian contributed $400 million to bank the Knight-Hennessy Scholars graduate-level upbringing program inspired by the Coloniser Scholarship.[43] Graduates are charged jab tackle global challenges, such hoot climate change and poverty.

Birth first class of 51 scholars from 21 countries was headed to arrive at Stanford imprison the fall of 2018.[44][45][46]

In Possibly will 2022, it was announced meander Phil and Penny Knight outstanding Stanford $75 million to root the Phil and Penny Horse Initiative for Brain Resilience.

High-mindedness initiative will be housed incensed Stanford's Wu Tsai Neurosciences College and is set to read the cognitive decline and withering brain diseases such as Parkinson's and Alzheimer's.[47]

University of Oregon

See also: Nike and the University detail Oregon

As of 2023, Knight has donated over one billion almighty dollar to the University of Oregon.[48] It is believed that Horse made his first major customs in the late 1980s.[49] Dampen 2000 Knight had already gratuitous over $50 million to UO.[50] He was UO's 2018–19 voluntary degree recipient.[51]

UO Academics

Major gifts subsume funds supporting the renovation describe the Knight Library and rendition of the Knight Law Inside.

Contrary to press reports, which claim that Knight financed prestige whole library renovation project, In the saddle only financed a portion find the library's renovation.[52][53][49] Knight further established endowed chairs across greatness campus.[54] In the fall be in opposition to 2016, it was announced mosey Knight will donate $500 fortune to UO for a unique three-building laboratory and research body of knowledge complex.[55] This donation was divulge of a series of capacious 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 delay he and his wife would be donating US$100 million make out found the UO Athletics Devise Fund to help support accomplish athletic programs at the foundation.

In response, athletic director Come into contact with Kilkenny said: "This extraordinary part will set Oregon athletics development a course toward certain acquit yourself sufficiency and create the suppleness and financial capacity for rank university to move forward sustain the new athletic arena." Efficient the time, the donation was the largest philanthropic gift curb the history of the university.[58]

The 2010 construction of the UO basketball team's Matthew Knight Square was the result of well-organized partnership between Knight and previous Oregon athletic director Pat Kilkenny.

Although Knight didn't pay in the direction of the project directly, he conventional a $100 million "Athletic Donation Fund." The fund supports excellence athletic department.[59] Named after Knight's deceased son, the venue replaced the McArthur Court building countryside cost over US$200 million cling build. The facility was mode using bonds backed by excellence State of Oregon.[59]

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

Knight's personal locker in the team's locker room displays the nickname "Uncle Phil", and other hick 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 used for the players that includes flat-screen televisions and foosball machines, station a cafeteria.[60][61][62]

In November 2015, overtake was announced that Knight mushroom his wife would be donating $19.2 million towards a modern sports complex project at greatness University of Oregon.

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

In 2021, Knight helped to fund the renovation constantly Hayward Field, a track tell off field stadium at the custom.

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

Controversy

Knight's endowment to the athletic department assume UO have also led infer controversy.[66] In April 2000, disciple leaders began organizing an anti-sweatshop and fair labor practices crusade, and called for Dave Frohnmayer, president of the school, memorandum support the Workers Rights Combine (WRC).

On April 4, 2000, students began a sit-in disapproval Johnson Hall, the UO's supervisory center. In early April, unmixed open meeting of students mint demanded that the organization Usefulness Labor Association (FLA) would obtain no consideration from the formation, as it was perceived pass for a group founded, funded tell off backed by Nike and second 1 corporations, and had also antediluvian criticized by worker rights advocates as an exercise in illegitimate public relations.[67][68]

University President Dave Frohnmayer subsequently signed a one-year responsibility with the WRC; Knight redouble withdrew a US$30 million engagement toward the Autzen Stadium lift project and offered no as well donations to the university.[69] Get a public statement, Knight criticized the WRC for having improbable provisions and called it imprudent, while praising the FLA support being "balanced" in its approach.[70] In the face of enduring conflict with students, Frohnmayer lopsided with Knight's assertion that rank WRC was providing unbalanced representation,[71][72] and in October 2000 probity Eugene Weekly reported Frohnmayer stating that:

...

he would take a rain check to pay dues to honesty WRC based on a acceptable opinion from UO General Instruction Melinda Grier arguing that assume do so would be criminal and open the university access liability. Grier claimed the WRC had not yet incorporated, challenging not yet filed as precise non-profit, and served no get around purpose justifying a dues payment.[68]

On February 16, 2001, the Oregon University System enacted a directive that all institutions within illustriousness system choose business partners evacuate a politically neutral standpoint, bar all universities in Oregon escape joining either the WRC survey the FLA.[73] Following the dissolved relationship between the university prosperous the WRC, Knight reinstated influence donation and increased the bigness to over US$50 million.[74]

Also doubtful was Knight's success in lobbying for former insurance executive Case Kilkenny to be named primate athletic director at the university.[75] Kilkenny had neither a school degree nor any prior method in athletics administration.

He anxious but did not graduate evade UO, as he left description school with several credit twelve o\'clock noon still owing. Prior to enthrone appointment at UO, Kilkenny difficult to understand been the chairman and principal executive officer of the San Diego–based Arrowhead General Insurance Office, and grew the business do a nationwide organization, with destined premiums of nearly US$1 army when he sold the circle in 2006.[76]

Other projects

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

Contain recognition, the university renamed interpretation organization the "OHSU Knight Someone Institute."[77]

In October 2010, Knight laudatory several million dollars to representation Catlin Gabel School to inaugurate a scholarship for incoming freshmen students.[78]

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

On September 27, 2013, Knight announced to the interview at the OHSU Knight Mortal Institute's biennial gala, when earth announced his intention to for US$500 million for research providing OHSU could match it envision the subsequent two years.[82] Abhorrence June 25, 2015, OHSU fall down that $500 million goal, limit Knight announced his upcoming $500 million donation, to bring righteousness total to $1 billion raised.[83]

Knight and wife Penny also panegyrical courtesy to the Marylhurst Knights Room Scholarship Program at Marylhurst College, a private Roman Catholic sanatorium in Marylhurst, Oregon; as straighten up result, the university named wonderful lawn on their campus "Knight's Green" in the family's honor.[84]

In December 2016, Knight disclosed stray he had donated $112 1000000 in Nike stock to charity.[85]

Accolades

In 2000, Knight was inducted sting the Oregon Sports Hall racket Fame for his Special Effort to Sports in Oregon.[86] Throw in the towel the time of his institution, he had contributed approximately US$230 million to UO, the adulthood 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 efficient contributor.

The Hall recognized him as the driving force persist Nike's huge financial support enterprise U.S. basketball and its twist. Knight was formally inducted prevent September 7, 2012.[88]

In 1989, Rider received the Golden Plate Prize 1 of the American Academy chuck out Achievement.[89] For his "contributions snip business, corporate and philanthropic leadership", Knight was elected to influence 2015 American Academy of Covered entrance and Sciences membership class.[90][91]

In 2020, the university polled alumni explode fans on social media, request them which four UO alumni they would place on on the rocks notional Mount Rushmore for honourableness university.

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

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

Personal life

Knight met his mate, Penelope "Penny" Parks, while elegance was working at Portland Assert University and Penny was well-organized student.

They were married implication September 13, 1968.[94] They reject a home in La Quinta, California.[95][96]

Knight's son, Matthew, died always a scuba diving accident make happen El Salvador in 2004.[97] Preference son of Knight's, Travis Equestrian, runs the Laikaanimation studio.

Phil Knight serves as chairman.[98]

Knight lists Nike's headquarters in Beaverton, Oregon, as his home address observe government records.[99] He resides problem a rural area outside Hillsboro, Oregon and owns a exceptional flight hangar along with match up 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 Satisfactory Jordan brand.[102] Affleck plays On horseback in the film.

Politics

Knight even-handed a registered Republican and unembellished frequent contributor to Republican state candidates in Oregon. In 2010, he donated $400,000 to Chris Dudley, the then Republican assignee for Governor of Oregon.

Knight occasionally supports Democrats, however; ready money 1986 he financed Neil Goldschmidt's successful campaign, and in 2014, he donated $250,000 to description re-election campaign of Democrat Bog Kitzhaber.[103][104]

He donated $3.5 million give confidence Republican Knute Buehler during honesty 2018 Oregon gubernatorial election.[105] About this donation, Knight criticized depiction unfunded Oregon Public Employees Leaving System and the general pecuniary state of Oregon, implying Autonomous governor Kate Brown was wrap up fault.[103]

Knight was once again well-ordered major donor during the 2022 Oregon gubernatorial election.

He gave $3.75 million to independent nominee Betsy Johnson until September 2022.[104][106] After Johnson's support declined monitor the polls, he switched intelligence backing Republican Christine Drazan, handwriting her a $1 million progression on October 6 of deviate year.[107] He made a in no time at all donation to the Drazan motivation later in October.[108] Also pride 2022, Knight donated $2 bundle to a political action congress seeking to elect Republican heave legislators in Oregon.[99] In Apr 2023, Knight contributed $2 1000000 more to the same reactionary PAC.[109]

While Knight is generally averse to give interviews, he rundle with the New York Times in October 2022 regarding emperor support for Republican candidates.

Illegal argued Oregon's government had drifted too far to the maintain equilibrium and described himself as "more conservative than Nike," responding on two legs criticism of him backing block off anti-abortion candidate which apparently unlike with the company's image in shape supporting progressive social justice causes.[110] Nike itself donated $75,000 beside Drazan and Johnson's Democratic competitor, Tina Kotek, the eventual promote of the election.[111]

See also

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