Phil Knight

Entrepreneur

Phil Knight was born in Portland, Oregon, United States on February 24th, 1938 and is the Entrepreneur. At the age of 86, Phil Knight biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

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Date of Birth
February 24, 1938
Nationality
United States
Place of Birth
Portland, Oregon, United States
Age
86 years old
Zodiac Sign
Pisces
Networth
$47.3 Billion
Profession
Author, Businessperson
Phil Knight Height, Weight, Eye Color and Hair Color

At 86 years old, Phil Knight physical status not available right now. We will update Phil Knight's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
Not Available
Hair Color
Not Available
Eye Color
Not Available
Build
Not Available
Measurements
Not Available
Phil Knight Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
University of Oregon, Stanford University
Phil Knight Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Penelope "Penny" Knight, ​ ​(m. 1968)​
Children
2, including Travis Knight
Dating / Affair
Not Available
Parents
William W. Knight, Lota Hatfield Knight
Phil Knight Life

Philip Hampson "Phil" Knight, whose nickname is "Buck" (born February 24, 1938), is an American business magnate and philanthropist.

He is a native of Oregon, and he serves as the co-founder and current chairman of Nike, Inc., who also served as chairman and CEO of the corporation.

Knight was ranked by Forbes as the 21st richest person in the world in October 2019, with a net worth of US$37.6 billion.

He is also the owner of Laika, a stop motion film production firm. Knight is a graduate of the University of Oregon and Stanford Graduate School of Business.

He ran track under the University of Oregon's Bill Bowerman, with whom he would co-found Nike. Knight, a well-known philanthropist, has donated hundreds of millions of dollars to each of his alma maters, as well as Oregon Health & Science University.

He has donated over $2 billion to the three charities in total.

Early Life

Phil Hampson Knight was born in Portland, Oregon, to Bill Knight, a lawyer turned newspaper publisher, and Lota Cloy (Hatfield) Knight. Knight grew up in Eastmoreland, Portland, and attended Cleveland High School. "When his father refused to give him a summer job at his newspaper [the now defunct Oregon Journal], he felt that his son should seek work on his own," Knight said.

Knight continued his education at the University of Oregon in Eugene, where he is the brother of Phi Gamma Delta fraternity and a student writer for the Oregon Daily Emerald and obtained a bachelor's degree (B.A.). In 1959, only three years had passed since the 1960s. Knight earned his Army Reserve Commission and was also a "Distinguished Military Graduate" that year.

He ran in 1 mile (1.6 seconds) in 4 minutes, 13 seconds, and he received varsity letters for his track appearances in 1957, 1958, and 1959. Knight formed Athletics West in 1977, along with Bowerman and Geoff Hollister.

Personal life

When he was working at Portland State University, Knight met Penelope "Penny" Parks, and the pair were married on September 13, 1968. They own a home in La Quinta, California.

During the 2018 Oregon gubernatorial election, Knight donated $3.5 million to Republican Knute Buehler.

Matthew, the knight's uncle, died in a scuba diving crash in El Salvador in 2004. Travis Knight, Knight's uncle, runs the Laika animation company. Phil Knight is the chairman.

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Phil Knight Career

Career

Knight, a CPA who later became an ambassador for Blue Ribbon Sports, was a CPA who worked with Coopers & Lybrand and later Price Waterhouse. Knight then became an accounting professor at Portland State University.

Knight enlisted in the Army immediately after graduating from the University of Oregon and spent seven years in the Army Reserve. Knight then enrolled at Stanford Graduate School of Business, where he wrote "Can Japanese Sports Shoes Do to German Sports Shoes" in his small business class. What Japanese Cameras Did to German Cameras? "This essentially premised his impending foray into running shoes." His aim was to bring high-quality, low-cost running shoes from Japan to the American market. In 1962, he graduated with a master's degree in business administration from Stanford.

After graduation, Knight embarked on a world tour, with a stop in Kobe, Japan, in November 1962. He discovered Tiger brand running shoes, which were later developed in Kobe by Onitsuka Co., now known as Asics. Knight Mr. Onitsuka, who was excited by the shoe's quality and low price, wanted to meet with him. Knight had obtained Tiger distribution rights for the western United States by the time of the conference.

The first Tiger samples will take more than a year to be delivered to Knight; during this time, he found a career as an accountant in Portland. When Knight finally got the shoe samples, he sent two pairs to Bowerman at the University of Oregon, in the hopes of obtaining both a sale and a prominent endorsement. Bowerman not only ordered the Tiger shoes but also offered to become a Knight partner and provide product design solutions, to Knight's delight. On January 25, 1964, the pair decided to work together by handshake, the company that would later become Nike.

At track meets around the Pacific Northwest, Knight's first sales were made from a now legendary green Plymouth Valiant vehicle. These early sales allowed Knight to leave his accounting career and work full time for Blue Ribbon Sports in 1969.

Jeff Johnson, Nike's first employee, suggested that the company be called "Nike" after the Greek winged goddess of triumph, and that Blue Ribbon Sports was later renamed Nike in 1971.

"Swoosh" logo, now considered one of the world's most coveted logos, was created for $35 from graphic design student Carolyn Davidson in 1971. Knight said at the time: "I don't love it, but it will grow on me," Nike's website explained at the time. Davidson was given an undisclosed amount of Nike stock for her role in the company's brand in September 1983. When the company went public in April 2011, Knight said he gave Davidson "a few hundred shares."

Knight spent time at Nike with some of the world's most popular celebrities, including Michael Jordan and Tiger Woods.

Will Vinton Studios animation firm, which had achieved well-established in the late 1990s, needed outside investors due to rapid expansion. In 1998, Knight and his son Travis, who had left Portland State after an unsuccessful attempt at a rap music career, went to work as an animator.

Knight later purchased Will Vinton Studios and assumed responsibility for the company's board with the help of Nike executives, citing mismanagement. Knight rebranded the firm Laika in late 2003, after Vinton stepped down—prior to leaving the company with a severance package—Knight rebranded the firm Laika. He invested $180 million into Laika, and the studio's first feature film, Coraline, was released in 2009. Coraline was a financial success, and Travis Knight was then promoted to Laika's CEO and president roles.

Matthew, his son Matthew, who was 34 years old when Knight bought Vinton, traveled to El Salvador in May 2004 to film a fund-raising video for Christian Children of the World, a Portland non-profit group. However, while scuba diving in Lake Ilopango, near San Salvador, Vincenzo Iannuzzelli and Robert McDonell died of a heart disease defect that had not been detected. Knight and Travis rode into El Salvador to bring Matthew's body back to the United States. Moongirl, Laika Studio's 2005 short film Moongirl, was dedicated to Matthew's memory.

Knight resigned as Nike CEO on November 18, 2004, several months after Matthew's death, but the board retained the chairmanship. William Perez, the former CEO of S.C. Johnson & Son, Inc., who was eventually replaced by Mark Parker in 2006, was the Knight's replacement.

In 2011, the Matthew Knight Arena at the University of Oregon was named in his honor.

During the 2009–2010 period, Knight was the most significant single contributor to the campaign to defeat Oregon Ballot Measures 66 and 67, which, when it was completed, raised income tax on certain businesses and high-income individuals.

Knight and Nike announced in June 2015 that he would resign as the company's chairman, with president and CEO Mark Parker to replace him. At the end of June 2016, the Knights' departure from the Nike board came into play. Knight came out of retirement to put a black stripe on the UNC jerseys for the Phil Knight Classic in Portland, Oregon, in September 2017.

In July 2018, Knight's memoir, Shoe Dog, was published on Simon & Schuster's fifth best seller list for business books, and it covers the Nike brand's history, from importing Japanese shoes to being part of a federal probe.

Source

Nike's 1,500 workers will be laid off, with the majority coming from Oregon HQ, as the CEO confirms that "we are not currently operating at our highest" and that the company was chastised for pioneering new sneaker styles

www.dailymail.co.uk, February 16, 2024
As the sportswear giant continues to lower costs as demand for its shoes and sneakers increase, Nike plans to cut 22% of its total workforce, or more than 1,600 jobs. President and CEO John Donahoe revealed the layoffs in a memo late Thursday, meaning that the first rounds of layoffs would begin on Friday at the company's Beaverton, Oregon headquarters. 'This is a painful reality and not one that I take seriously,' Donahoe wrote in the email, according to Willamette Week. We are certainly not doing our best, and I eventually hold myself and my leadership team accountable.'

Layoffs loom at Nike as it is set to cut costs by $2 BILLION over the next three years due to 'softer' revenue

www.dailymail.co.uk, December 22, 2023
With layoffs totaling $2 billion for the second quarter, Nike has introduced new steps to'streamline' its company. Officials did not specify whether layoffs would be included in the cost-cutting campaign, but did predict that it would cost more than a billion from mainly severance expenses, which was more than double what it estimated before. Those fires, 700 of them, occurred in the midst of the pandemic outbreak in 2020, and they were also characterized as a'streamlining' effort. Now, Nike is in the middle of a downturn, as the company's once-famous stranglehold on the market begins to dwindle. Those who prefer convenience and breaking footholds among runners and those that prefer comfort, while others that prefer convenience and comfort, and companies like Adidas and New Balance have criticized the decline by bringing back older models.

The University of Oregon is facing Title IX claims based on gender mistrust as a result of allegations of sexism. As Ducks beach volleyball players complain, they're forced to practice in a public park where toilets are kept locked to discourage drug users

www.dailymail.co.uk, December 1, 2023
According to a Title IX lawsuit brought by 32 female Ducks athletes in federal court, Oregon's athletic department has failed to adhere to federal law banning sex discrimination in education. The women, who were represented by well-known Title IX lawyer Arthur Bryant of Bailey Glasser LLP, are arguing that they have been denied equal treatment and rights relative to their male counterparts. The plaintiffs are largely made up of Oregon's varsity beach volleyball team and its club rowing crew. According to the complaint, the beach volleyball team does not have its own facility and is compelled to exercise in a public park, where bathrooms are often locked to discourage drug users.