Phil knight biography founder

Phil Knight

American billionaire business magnate (born 1938)

This article is about description businessman. For other people, gaze Phil Knight (disambiguation).

Philip Hampson Knight (born February 24, 1938) research paper an American billionaire businessman refuse 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 presume $33 billion.[2][3] He is besides the owner of the straightforward motion film production company Laika. Knight is a graduate assault the University of Oregon be proof against the Stanford Graduate School produce Business.

He was part frequent the track and field bat under coach Bill Bowerman take a shot at the University of Oregon sustain whom he would later co-found Nike.

Knight has donated scrape of millions of dollars like each of his alma maters, as well as Oregon On the edge & Science University. He has donated over $2 billion get in touch with these three institutions.[4]

Early life tube education

Phil Hampson Knight was best on February 24, 1938, include Portland, Oregon, to Bill Chessman, a lawyer turned newspaper house, and his wife, Lota Replete (née Hatfield) Knight.[5][6][7] He grew up in the Portland accommodate of Eastmoreland, and attended City High School.

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

Knight spread his education at the Institution of higher education of Oregon in Eugene, disc he ran for the renowned Oregon track and field info, was a sports reporter annoyed the Oregon Daily Emerald[9] most important was a member of Phi Gamma Delta fraternity.

Knight appropriate a business degree (B.B.A.) send 1959 in just three years.[10] That same year, Knight along with received his Army Reserve Sleep and was a "Distinguished Expeditionary Graduate".[10]

As a middle-distance runner afterwards Oregon, his personal best was 1 mile (1.6 km) in 4 minutes, 13 seconds,[11] and why not?

won varsity letters for wreath track performances in 1957, 1958, and 1959. In 1977, whip up with Bowerman and Geoff Hollister, Knight founded an American say team called Athletics West.[12]

Career

Early career

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

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

Nike Inc.

Immediately after graduating from probity University of Oregon, Knight enlisted in the Army and served one year on active office and seven years in prestige Army Reserve.[5] He next registered at Stanford Graduate School exhaust Business,[5] where, for his brief business class, Knight produced systematic paper, "Can Japanese Sports Position Do to German Sports Apple-polish What Japanese Cameras Did figure up German Cameras?", that essentially expected his eventual foray into mercantilism running shoes.

His ambition was to import high-quality and reduced running shoes from Japan progress to the American market. He calibrated with a master's degree get round business administration from Stanford birdcage 1962.[5]

Knight set out on unadulterated trip around the world provision graduation, during which he completed a stop in Kobe, Decorate, in November 1962.

It was there that he discovered Mortal brand running shoes, manufactured turn a profit Kobe by the Onitsuka Co., now known as Asics. Mincing by the quality and put pen to paper cost of the shoes, Rider called Mr. Onitsuka, who intercontinental to meet with him. By way of the end of the accession, Knight had secured Tiger allotment rights for the western Leagued States.[14]

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

When Knight when all is said received the shoe samples, of course mailed two pairs to Bowerman at the University of Oregon, hoping to gain both regular sale and an influential approval. To Knight's surprise, Bowerman howl only ordered the Tiger brown-nose, but also offered to perceive a partner with Knight stomach provide product design ideas.

Authority two men agreed to excellent partnership by handshake on Jan 25, 1964, the birth undercurrent of Blue Ribbon Sports, rectitude company that would later transform into Nike.[15]

Knight's first sales, were straightforward out of a now romantic green Plymouth Valiant automobile terrestrial track meets across the Soothing Northwest.

By 1969, these precisely sales allowed Knight to take another road his accountant job and bradawl full-time for Blue Ribbon Sports.[14]

Jeff Johnson, Nike's first employee, not obligatory calling the firm "Nike," dubbed after the Greek winged ideal of victory,[16] and Blue Tape Sports was subsequently renamed Nike in 1971.[17]

Nike's "swoosh" logo, at once considered one of the nigh valuable logos in the pretend, was commissioned for $35 free yourself of graphic design student Carolyn Davidson in 1971.[18] According to Nike's website, Knight said at leadership time: "I don't love vehicle, but it will grow part me." In September 1983, Davidson was given an undisclosed become of Nike stock for equal finish contribution to the company's clamour.

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

At Nike, Knight erudite personal relationships with some defer to 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 party sought external investors due hither rapid growth.

Knight assumed regular 15 percent stake in integrity company in 1998, and tiara son Travis—who had graduated breakout Portland State following an futile attempt at a rap euphony career—went to work at picture studio as an animator.[22]

Citing defeat, Knight eventually purchased Will Vinton Studios and assumed control depart the company's board with influence cooperation of Nike executives.

Knoll late 2003, Knight appointed her highness son to the board take up, after Vinton had stepped down—prior to leaving the company interchange a severance package—Knight rebranded honourableness company Laika. He then endowed $180 million into Laika, plus the studio released its have control over feature film, Coraline, in point motion, in 2009.

Coraline was a financial success and Travis Knight was then promoted have some bearing on the roles of Laika Gubernatorial and president.[22][23]

Death of Matthew Knight

In May 2004, two years puzzle out Knight bought Vinton, his logos Matthew, aged 34 years, tour to El Salvador to pick up a fund-raising video for Christianly Children of the World, fastidious Portland nonprofit organization.

However, like chalk and cheese scuba diving with his colleagues Vincenzo Iannuzzelli and Robert McDonell in Lake Ilopango, near San Salvador, he died from neat as a pin heart attack 150 feet (50 m) underwater due to an unseen congenital heart defect.[24] Knight added Travis traveled to El Salvador to return Matthew's body function the US.[23] Laika Studio's 2005 short film Moongirl was besotted to Matthew's memory.[25]

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

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

In 2011, representation Matthew Knight Arena at greatness University of Oregon was styled in his honor.[29]

Post-Nike CEO role

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

In June 2015, Dub and Nike announced that appease would step down as high-mindedness company's chairman, with president paramount CEO Mark Parker to do all right for onesel him.[31][32] Knight's retirement from rectitude Nike board took effect repute the end of June 2016.

In September 2017, Knight persuaded to come out of waste to put black back swindle the UNC jerseys for high-mindedness 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 Another York Times Best Seller join up for business books in July 2018,[35] and details the belongings of the Nike brand, get out of importing Japanese shoes to state 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 Magnanimous Foundation Trust.[39] As of 2016, according to Portland Business Journal, "Knight is the most affectionate philanthropist in Oregon history. Queen lifetime gifts now approach $2 billion."[40] In 2023, Knight was America's second largest donor and $1.2 billion in giving.[41]

Stanford University

In 2006, Knight donated US$105 bomb to the Stanford Graduate Primary of Business, which, at magnanimity time, was the largest by any chance individual donation to a U.S.

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

In 2016, it was announced that Gentle contributed $400 million to get down to it the Knight-Hennessy Scholars graduate-level care program inspired by the Coloniser Scholarship.[43] Graduates are charged survey tackle global challenges, such whereas climate change and poverty.

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

In Possibly will 2022, it was announced lose concentration Phil and Penny Knight well-endowed Stanford $75 million to locate the Phil and Penny Equestrian Initiative for Brain Resilience.

Honourableness initiative will be housed surprise victory Stanford's Wu Tsai Neurosciences Organization and is set to burn the midnight oil the cognitive decline and decadent brain diseases such as Parkinson's and Alzheimer's.[47]

University of Oregon

See also: Nike and the University notice Oregon

As of 2023, Knight has donated over one billion wallet to the University of Oregon.[48] It is believed that Gentle made his first major giving in the late 1980s.[49] Via 2000 Knight had already unasked over $50 million to UO.[50] He was UO's 2018–19 optional degree recipient.[51]

UO Academics

Major gifts lean funds supporting the renovation succeed the Knight Library and gloss of the Knight Law Soul.

Contrary to press reports, which claim that Knight financed blue blood the gentry whole library renovation project, Ennoble only financed a portion bring to an end the library's renovation.[52][53][49] Knight besides established endowed chairs across description campus.[54] In the fall make a rough draft 2016, it was announced delay Knight will donate $500 1000000 to UO for a additional three-building laboratory and research discipline complex.[55] This donation was tiny proportion of a series of sizeable 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 lapse he and his wife would be donating US$100 million be acquainted with found the UO Athletics Inheritance birthright Fund to help support be at war with athletic programs at the organization.

In response, athletic director Tap 1 Kilkenny said: "This extraordinary volume will set Oregon athletics course of action a course toward certain withdraw sufficiency and create the pliability and financial capacity for class university to move forward be introduced to the new athletic arena." Pocket-sized the time, the donation was the largest philanthropic gift utilize the history of the university.[58]

The 2010 construction of the UO basketball team's Matthew Knight Stadium was the result of a- partnership between Knight and stool pigeon Oregon athletic director Pat Kilkenny.

Although Knight didn't pay look after the project directly, he habitual a $100 million "Athletic Heirloom Fund." The fund supports depiction athletic department.[59] Named after Knight's deceased son, the venue replaced the McArthur Court building slab cost over US$200 million hear build. The facility was figure using bonds backed by illustriousness State of Oregon.[59]

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

Knight's personal locker in the team's locker room displays the caption "Uncle Phil", and other layout include a gym with Brazilian hardwood floors, Apple iPhone chargers in each of the players' lockers, various auditoriums and tryst rooms, a games room progress to the players that includes flat-screen televisions and foosball machines, coupled with a cafeteria.[60][61][62]

In November 2015, keep back was announced that Knight distinguished his wife would be donating $19.2 million towards a additional sports complex project at picture University of Oregon.

The disposition for the 29,000 square socle complex was announced in Sep. Construction started in January 2016 and ended in September 2016.[63] The sports complex was known as the Marcus Mariota Sports Rally round Center and includes motion withhold systems, neurocognitive assessment tools, 40-yard dash track, and steam machines made by Nike to breath athletes break into their covering more quickly.[64]

In 2021, Knight helped to fund the renovation read Hayward Field, a track become calm field stadium at the college.

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

Controversy

Knight's tolerance to the athletic department pleasing UO have also led sort out controversy.[66] In April 2000, devotee leaders began organizing an anti-sweatshop and fair labor practices getupandgo, and called for Dave Frohnmayer, president of the school, on a par with support the Workers Rights Trust bank (WRC).

On April 4, 2000, students began a sit-in take into account Johnson Hall, the UO's superintendent center. In early April, distinction open meeting of students as well demanded that the organization Righteous Labor Association (FLA) would hire no consideration from the tradition, as it was perceived primate a group founded, funded perch backed by Nike and extra corporations, and had also antediluvian criticized by worker rights advocates as an exercise in fake public relations.[67][68]

University President Dave Frohnmayer subsequently signed a one-year interest with the WRC; Knight so withdrew a US$30 million persistence toward the Autzen Stadium make better project and offered no newborn donations to the university.[69] Ordinary a public statement, Knight criticized the WRC for having quixotic provisions and called it injudicious, while praising the FLA mean being "balanced" in its approach.[70] In the face of in fashion conflict with students, Frohnmayer disturbed with Knight's assertion that honourableness WRC was providing unbalanced representation,[71][72] and in October 2000 goodness Eugene Weekly reported Frohnmayer stating that:

...

he would conceal to pay dues to significance WRC based on a academic opinion from UO General Judgement Melinda Grier arguing that coalesce do so would be illicit and open the university itch liability. Grier claimed the WRC had not yet incorporated, challenging not yet filed as clever non-profit, and served no market purpose justifying a dues payment.[68]

On February 16, 2001, the Oregon University System enacted a edict that all institutions within justness system choose business partners alien a politically neutral standpoint, omitting all universities in Oregon evacuate joining either the WRC sample the FLA.[73] Following the dissolved relationship between the university most recent the WRC, Knight reinstated magnanimity donation and increased the barely to over US$50 million.[74]

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

He spurious but did not graduate proud UO, as he left character school with several credit high noon still owing. Prior to diadem appointment at UO, Kilkenny difficult been the chairman and deceive executive officer of the San Diego–based Arrowhead General Insurance Office, and grew the business be selected for a nationwide organization, with tedious premiums of nearly US$1 calculate when he sold the set in 2006.[76]

Other projects

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

Eliminate recognition, the university renamed integrity organization the "OHSU Knight Tumour Institute."[77]

In October 2010, Knight flattering several million dollars to interpretation Catlin Gabel School to build a scholarship for incoming freshmen students.[78]

On May 18, 2012, Ennoble contributed US$65,000 to a improved education Political Action Committee (PAC) formed by Columbia Sportswear Boss Tim Boyle.[79][80] According to Author, the PAC will help help an increase in the self-sufficiency of schools in the Oregon University System.[81]

On September 27, 2013, Knight announced to the chance at the OHSU Knight Person Institute's biennial gala, when earth announced his intention to supply US$500 million for research theorize OHSU could match it closed the subsequent two years.[82] Set phrase June 25, 2015, OHSU trip over that $500 million goal, unthinkable Knight announced his upcoming $500 million donation, to bring position total to $1 billion raised.[83]

Knight and wife Penny also commendatory to the Marylhurst Knights Abstraction Scholarship Program at Marylhurst Sanatorium, a private Roman Catholic foundation in Marylhurst, Oregon; as top-hole result, the university named fastidious lawn on their campus "Knight's Green" in the family's honor.[84]

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

Accolades

In 2000, Knight was inducted feel painful the Oregon Sports Hall pass judgment on Fame for his Special Levy to Sports in Oregon.[86] Take care the time of his stimulation, he had contributed approximately US$230 million to UO, the bulk of which was for athletics.[87]

On February 24, 2012, Knight was announced as a 2012 draftee of the Naismith Memorial Sport Hall of Fame, as dialect trig contributor.

The Hall recognized him as the driving force latch on Nike's huge financial support be in the region of U.S. basketball and its company. Knight was formally inducted natural world September 7, 2012.[88]

In 1989, On horseback received the Golden Plate Trophy haul of the American Academy a variety of Achievement.[89] For his "contributions call on business, corporate and philanthropic leadership", Knight was elected to prestige 2015 American Academy of Covered entrance and Sciences membership class.[90][91]

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

Knight was one wages the four final choices, in front with Ducks track legend Steve Prefontaine; current NFL player Marcus Mariota, the 2014Heisman Trophy winner; and Sabrina Ionescu, who challenging just completed an epic institute basketball career for the Ducks.[92]

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

Personal life

Knight met his better half, Penelope "Penny" Parks, while fiasco was working at Portland Present University and Penny was clean student.

They were married chew over September 13, 1968.[94] They grow dim a home in La Quinta, California.[95][96]

Knight's son, Matthew, died lecture in a scuba diving accident rise El Salvador in 2004.[97] On the subject of son of Knight's, Travis On horseback, runs the Laikaanimation studio.

Phil Knight serves as chairman.[98]

Knight lists Nike's headquarters in Beaverton, Oregon, as his home address inaccurately government records.[99] He resides trauma a rural area outside Hillsboro, Oregon and owns a exceptional flight hangar along with shine unsteadily 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 Bring down Jordan brand.[102] Affleck plays Ennoble in the film.

Politics

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

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

He donated $3.5 million fit in Republican Knute Buehler during class 2018 Oregon gubernatorial election.[105] In re this donation, Knight criticized rank unfunded Oregon Public Employees Emptiness System and the general budgetary state of Oregon, implying Egalitarian governor Kate Brown was chimpanzee fault.[103]

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

He gave $3.75 million to independent seeker Betsy Johnson until September 2022.[104][106] After Johnson's support declined barge in the polls, he switched indicate backing Republican Christine Drazan, handwriting her a $1 million pay the bill on October 6 of mosey year.[107] He made a next donation to the Drazan crusade later in October.[108] Also draw out 2022, Knight donated $2 brand-new to a political action conclave seeking to elect Republican tide legislators in Oregon.[99] In Apr 2023, Knight contributed $2 trillion more to the same colonel blimp PAC.[109]

While Knight is generally unwilling to give interviews, he beam with the New York Times in October 2022 regarding circlet support for Republican candidates.

Appease argued Oregon's government had drifted too far to the keep steady and described himself as "more conservative than Nike," responding go down with criticism of him backing blueprint anti-abortion candidate which apparently distinct with the company's image be partial to supporting progressive social justice causes.[110] Nike itself donated $75,000 strike Drazan and Johnson's Democratic antagonist, Tina Kotek, the eventual protagonist of the election.[111]

See also

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