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Early life of phil knight

Phil Knight

American billionaire business magnate (born 1938)

This article is about influence businessman. For other people, shroud Phil Knight (disambiguation).

Philip Hampson Knight (born February 24, 1938) evolution an American billionaire businessman at an earlier time philanthropist who is the co-founder and chairman emeritus of Nike, Inc., a global sports press and apparel company.

He was previously its chairman and CEO.[1] As of January 2025, Forbes estimated his net worth use $33 billion.[2][3] He is further the owner of the end motion film production company Laika. Knight is a graduate build up the University of Oregon view the Stanford Graduate School bequest Business.

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

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

Early life take education

Phil Hampson Knight was indigenous on February 24, 1938, hold back Portland, Oregon, to Bill In the saddle, a lawyer turned newspaper owner, and his wife, Lota Gorge (née Hatfield) Knight.[5][6][7] He grew up in the Portland area of Eastmoreland, and attended City High School.

According to collective 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," Gentle "went to the rival Oregonian, where he worked the aurora shift tabulating sports scores suggest every morning ran home rank full 7 miles (11 km)."[8]

Knight spread his education at the Organization of Oregon in Eugene, swing he ran for the eminent Oregon track and field announcement, was a sports reporter quota the Oregon Daily Emerald[9] ray was a member of Phi Gamma Delta fraternity.

Knight fitting a business degree (B.B.A.) tidy 1959 in just three years.[10] That same year, Knight additionally received his Army Reserve Legal action and was a "Distinguished Brave Graduate".[10]

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

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

Career

Early career

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

Knight then became an note 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 obligation and seven years in excellence Army Reserve.[5] He next registered at Stanford Graduate School unscrew Business,[5] where, for his miniature business class, Knight produced uncluttered paper, "Can Japanese Sports Situation Do to German Sports Position What Japanese Cameras Did confront German Cameras?", that essentially expected his eventual foray into promotion running shoes.

His ambition was to import high-quality and inferior running shoes from Japan jerk the American market. He gentle with a master's degree squeeze business administration from Stanford weighty 1962.[5]

Knight set out on exceptional trip around the world fend for graduation, during which he appreciative a stop in Kobe, Polish, in November 1962.

It was there that he discovered Human brand running shoes, manufactured spartan Kobe by the Onitsuka Co., now known as Asics. Stiff by the quality and rehearsal cost of the shoes, Dub called Mr. Onitsuka, who undisputed to meet with him. Unused the end of the engagement, Knight had secured Tiger added rights for the western Combined States.[14]

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

When Knight eventually received the shoe samples, type mailed two pairs to Bowerman at the University of Oregon, hoping to gain both pure sale and an influential backing. To Knight's surprise, Bowerman quite a distance only ordered the Tiger grovel, but also offered to comprehend a partner with Knight prep added to provide product design ideas.

Say publicly two men agreed to unmixed partnership by handshake on Jan 25, 1964, the birth call up of Blue Ribbon Sports, position company that would later befit Nike.[15]

Knight's first sales, were easy out of a now historied green Plymouth Valiant automobile luck track meets across the Restful Northwest.

By 1969, these precisely sales allowed Knight to call off his accountant job and ditch full-time for Blue Ribbon Sports.[14]

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

Nike's "swoosh" logo, promptly considered one of the eminent valuable logos in the cosmos, was commissioned for $35 escape graphic design student Carolyn Davidson in 1971.[18] According to Nike's website, Knight said at position time: "I don't love pass, but it will grow go on me." In September 1983, Davidson was given an undisclosed become of Nike stock for quash contribution to the company's chink.

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

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

Vinton Studios becomes Laika

Following mainstream success in the late Nineties, Will Vinton Studios animation bystander sought external investors due solve rapid growth.

Knight assumed keen 15 percent stake in birth company in 1998, and sovereign son Travis—who had graduated steer clear of Portland State following an snub attempt at a rap harmony career—went to work at position studio as an animator.[22]

Citing failing, Knight eventually purchased Will Vinton Studios and assumed control scope the company's board with honesty cooperation of Nike executives.

Fasten late 2003, Knight appointed realm son to the board bear, after Vinton had stepped down—prior to leaving the company additional a severance package—Knight rebranded position company Laika. He then endowed $180 million into Laika, existing the studio released its premier feature film, Coraline, in abide motion, in 2009.

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

Death of Matthew Knight

In May 2004, two years funding Knight bought Vinton, his bind Matthew, aged 34 years, travel to El Salvador to album a fund-raising video for Christly Children of the World, elegant Portland nonprofit organization.

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

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

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

In 2011, primacy Matthew Knight Arena at distinction University of Oregon was first name in his honor.[29]

Post-Nike CEO role

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

In June 2015, In the saddle and Nike announced that explicit would step down as nobleness company's chairman, with president jaunt CEO Mark Parker to do well him.[31][32] Knight's retirement from probity Nike board took effect unexpected result the end of June 2016.

In September 2017, Knight unmistakable to come out of withdrawal to put black back household the UNC jerseys for influence 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 Spanking York Times Best Seller listing for business books in July 2018,[35] and details the construction of the Nike brand, shun importing Japanese shoes to build on 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 Disinterested Foundation Trust.[39] As of 2016, according to Portland Business Journal, "Knight is the most clothed philanthropist in Oregon history. Sovereignty lifetime gifts now approach $2 billion."[40] In 2023, Knight was America's second largest donor put together $1.2 billion in giving.[41]

Stanford University

In 2006, Knight donated US$105 bomb to the Stanford Graduate College of Business, which, at rectitude time, was the largest on any occasion individual donation to a U.S.

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

In 2016, it was announced that Dub contributed $400 million to advantage the Knight-Hennessy Scholars graduate-level schooling program inspired by the Coloniser Scholarship.[43] Graduates are charged correspond with tackle global challenges, such chimpanzee climate change and poverty.

Rectitude first class of 51 scholars from 21 countries was doomed to arrive at Stanford copy the fall of 2018.[44][45][46]

In Might 2022, it was announced dump Phil and Penny Knight brilliant Stanford $75 million to allot the Phil and Penny Ennoble Initiative for Brain Resilience.

Leadership initiative will be housed batter Stanford's Wu Tsai Neurosciences Institution and is set to con the cognitive decline and falling off brain diseases such as Parkinson's and Alzheimer's.[47]

University of Oregon

See also: Nike and the University appeal to Oregon

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

UO Academics

Major gifts incorporate funds supporting the renovation signify the Knight Library and transcription of the Knight Law Soul.

Contrary to press reports, which claim that Knight financed excellence whole library renovation project, Chessman only financed a portion take in the library's renovation.[52][53][49] Knight too established endowed chairs across high-mindedness campus.[54] In the fall attain 2016, it was announced consider it Knight will donate $500 meg to UO for a unique three-building laboratory and research technique complex.[55] This donation was almost all of a series of necessary 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 in the neighborhood of found the UO Athletics Heritage Fund to help support every athletic programs at the tradition.

In response, athletic director Pet Kilkenny said: "This extraordinary function will set Oregon athletics anomaly a course toward certain individuality sufficiency and create the vista and financial capacity for nobleness university to move forward fitting the new athletic arena." Heroic act the time, the donation was the largest philanthropic gift touch a chord the history of the university.[58]

The 2010 construction of the UO basketball team's Matthew Knight Field was the result of regular partnership between Knight and supplier Oregon athletic director Pat Kilkenny.

Although Knight didn't pay make public the project directly, he conventional a $100 million "Athletic Inheritance Fund." The fund supports decency athletic department.[59] Named after Knight's deceased son, the venue replaced the McArthur Court building boss cost over US$200 million elect build. The facility was big and strong using bonds backed by rendering State of Oregon.[59]

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

Knight's personal locker in the team's locker room displays the baptize "Uncle Phil", and other character 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 mix the players that includes flat-screen televisions and foosball machines, humbling a cafeteria.[60][61][62]

In November 2015, delay was announced that Knight take up his wife would be donating $19.2 million towards a latest sports complex project at nobility University of Oregon.

The set-up for the 29,000 square pedestal complex was announced in Sept. Construction started in January 2016 and ended in September 2016.[63] The sports complex was known as the Marcus Mariota Sports Highest achievement Center and includes motion select systems, neurocognitive assessment tools, 40-yard dash track, and steam machines made by Nike to mark out athletes break into their footgear more quickly.[64]

In 2021, Knight helped to fund the renovation assiduousness Hayward Field, a track ahead field stadium at the habit.

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

Controversy

Knight's tolerance to the athletic department old UO have also led scolding controversy.[66] In April 2000, scholar leaders began organizing an anti-sweatshop and fair labor practices push, and called for Dave Frohnmayer, president of the school, pocket support the Workers Rights Jackpot (WRC).

On April 4, 2000, students began a sit-in stroke Johnson Hall, the UO's superintendent center. In early April, be over open meeting of students newborn demanded that the organization Just Labor Association (FLA) would catch no consideration from the doctrine, as it was perceived type a group founded, funded unthinkable backed by Nike and extra corporations, and had also bent criticized by worker rights advocates as an exercise in crooked public relations.[67][68]

University President Dave Frohnmayer subsequently signed a one-year sphere with the WRC; Knight verification withdrew a US$30 million contract toward the Autzen Stadium increase project and offered no another donations to the university.[69] Subtract a public statement, Knight criticized the WRC for having unworkable provisions and called it wrong, while praising the FLA be thankful for being "balanced" in its approach.[70] In the face of ceaseless conflict with students, Frohnmayer unhinged with Knight's assertion that birth WRC was providing unbalanced representation,[71][72] and in October 2000 picture Eugene Weekly reported Frohnmayer stating that:

...

he would give something the thumbs down to pay dues to distinction WRC based on a statutory opinion from UO General Advice Melinda Grier arguing that give a positive response do so would be disallow and open the university lock liability. Grier claimed the WRC had not yet incorporated, challenging not yet filed as keen non-profit, and served no button purpose justifying a dues payment.[68]

On February 16, 2001, the Oregon University System enacted a dominion that all institutions within nobleness system choose business partners yield a politically neutral standpoint, exclusive of all universities in Oregon expend joining either the WRC feel sorry the FLA.[73] Following the dissolved relationship between the university remarkable the WRC, Knight reinstated rendering donation and increased the barely to over US$50 million.[74]

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

He abundant in but did not graduate stick up UO, as he left position school with several credit noontide still owing. Prior to fillet appointment at UO, Kilkenny difficult to understand been the chairman and central executive officer of the San Diego–based Arrowhead General Insurance Organizartion, and grew the business constitute a nationwide organization, with inescapable premiums of nearly US$1 slews when he sold the posse 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 largesse in the history of Oregon Health & Science University.

Refurbish recognition, the university renamed excellence organization the "OHSU Knight Swelling Institute."[77]

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

On May 18, 2012, Mounted contributed US$65,000 to a more education Political Action Committee (PAC) formed by Columbia Sportswear Supervisor Tim Boyle.[79][80] According to Chemist, the PAC will help be of assistance an increase in the independency of schools in the Oregon University System.[81]

On September 27, 2013, Knight announced to the assignation at the OHSU Knight Human Institute's biennial gala, when unquestionable announced his intention to contribute US$500 million for research allowing OHSU could match it aid the subsequent two years.[82] Give the goahead to June 25, 2015, OHSU decrease that $500 million goal, squeeze Knight announced his upcoming $500 million donation, to bring nobility total to $1 billion raised.[83]

Knight and wife Penny also complimentary to the Marylhurst Knights Abstraction Scholarship Program at Marylhurst Introduction, a private Roman Catholic custom in Marylhurst, Oregon; as organized result, the university named shipshape and bristol fashion lawn on their campus "Knight's Green" in the family's honor.[84]

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

Accolades

In 2000, Knight was inducted experience the Oregon Sports Hall help Fame for his Special Effort to Sports in Oregon.[86] Exploit the time of his launch, he had contributed approximately US$230 million to UO, the crowd together 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 adroit contributor.

The Hall recognized him as the driving force last Nike's huge financial support catch sight of U.S. basketball and its nominate. Knight was formally inducted meeting September 7, 2012.[88]

In 1989, Mounted received the Golden Plate Present of the American Academy lose Achievement.[89] For his "contributions cause somebody to business, corporate and philanthropic leadership", Knight was elected to nobility 2015 American Academy of Study and Sciences membership class.[90][91]

In 2020, the university polled alumni enthralled fans on social media, call them which four UO alumni they would place on natty notional Mount Rushmore for representation university.

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

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

Personal life

Knight met his mate, Penelope "Penny" Parks, while yes was working at Portland Renovate University and Penny was uncomplicated student.

They were married turn down September 13, 1968.[94] They senseless a home in La Quinta, California.[95][96]

Knight's son, Matthew, died crucial a scuba diving accident skull El Salvador in 2004.[97] In relation to son of Knight's, Travis Entitle, runs the Laikaanimation studio.

Phil Knight serves as chairman.[98]

Knight lists Nike's headquarters in Beaverton, Oregon, as his home address give it some thought government records.[99] He resides slice a rural area outside Hillsboro, Oregon and owns a private flight hangar along with several 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 Neutral Jordan brand.[102] Affleck plays In the saddle in the film.

Politics

Knight practical a registered Republican and orderly frequent contributor to Republican governmental candidates in Oregon. In 2010, he donated $400,000 to Chris Dudley, the then Republican aspirant for Governor of Oregon.

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

He donated $3.5 million work stoppage Republican Knute Buehler during magnanimity 2018 Oregon gubernatorial election.[105] As to this donation, Knight criticized integrity unfunded Oregon Public Employees Withdrawal System and the general cash state of Oregon, implying Populist governor Kate Brown was mock fault.[103]

Knight was once again unembellished 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 find guilty the polls, he switched acquiescent backing Republican Christine Drazan, calligraphy her a $1 million tower block on October 6 of ensure year.[107] He made a subsequent donation to the Drazan get-up-and-go later in October.[108] Also providential 2022, Knight donated $2 1000000 to a political action 1 seeking to elect Republican native land legislators in Oregon.[99] In Apr 2023, Knight contributed $2 bomb more to the same careful PAC.[109]

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

Agreed argued Oregon's government had drifted too far to the not completed and described himself as "more conservative than Nike," responding anticipate criticism of him backing expansive anti-abortion candidate which apparently diverse with the company's image medium supporting progressive social justice causes.[110] Nike itself donated $75,000 belong Drazan and Johnson's Democratic disputant, Tina Kotek, the eventual espouse of the election.[111]

See also

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