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Philip Hampson Knight (born February 24, 1938) is an American businessman who is worth a billion dollars. He is the co-founder and chairman emeritus of Nike, Inc., as well as the company’s former chairman and CEO. Knight was rated the 24th richest person in the world by Forbes on July 23, 2020, with a net worth of $50.7 billion. He is also the founder and CEO of Laika, a stop motion film production business. Knight is a Stanford Graduate School of Business and University of Oregon graduate. At the University of Oregon, he raced track for Bill Bowerman, with whom he would later co-found Nike. Knight has given hundreds of millions of dollars to each of his alma maters, as well as Oregon Health and Science University.
Knight enrolled in the army shortly after graduating from the University of Oregon, serving one year on active service and seven years in the Army Reserve. Knight then went on to Stanford Graduate School of Business, where he wrote a paper called “Can Japanese Sports Shoes Do to German Sports Shoes What Japanese Cameras Did to German Cameras?” for his small business class, which essentially laid the groundwork for his eventual foray into selling running shoes. His goal was to bring high-quality, low-cost running shoes from Japan to the United States. In 1962, he received his master’s degree in business administration from Stanford. Following graduation, Knight embarked on a round-the-world tour, stopping in Kobe, Japan, in November 1962. He found Tiger brand running shoes, which were made in Kobe by the Onitsuka Co., which is now known as Asics. Knight contacted Mr. Onitsuka, who agreed to meet with him after being impressed by the craftsmanship and inexpensive cost of the shoes. Knight had acquired Tiger distribution rights for the western United States by the end of the conference.
During the 2009-2010 campaign to defeat Oregon Ballot Measures 66 and 67, which, if enacted, would have increased income tax on some companies and high-income individuals, Knight was the greatest single contributor. Knight and Nike announced in June 2015 that he will step down as chairman of the business, with president and CEO Mark Parker taking his place. Knight’s departure from the Nike board of directors became effective at the end of June 2016. Knight came out of retirement in September 2017 to put black back in the UNC jerseys at the Phil Knight Classic in Portland, Oregon. Knight earned the American Academy of Achievement’s Golden Plate Award in 1989. Knight was inducted into the American Academy of Arts and Sciences’ 2015 membership class for his “contributions to commercial, corporate, and charitable leadership.” The University of Oregon polled alumni and fans on social media in 2020, asking which four UO alumni they would put on a hypothetical Mount Rushmore for the university. Knight was one of four finalists, with Ducks track great Steve Prefontaine, current NFL quarterback Marcus Mariota, the 2014 Heisman Trophy winner, and Sabrina Ionescu, who had just had an incredible collegiate basketball career with the Ducks.
Personal Profile of Philip and Penelope Knight
- Name: Philip and Penelope Knight
- Date of Birth: Philip Hampson Knight( February 24, 1938)
- Age: 83 Years
- Birth Sign: Pisces
- Nationality: American
- Parents: NA
- Siblings: NA
- Birth Place/City: Portland, Oregon, U.S.
- Profession: Business
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