For some, Phil Knight is just a name, but, for many, it is the name and mind behind the Nike products. After all, most people are wearing them today. The decision to get into sportswear and gear was the best one Knight took and maybe the corner stone of the impressive Phil Knight net worth amount of $25.1 billion.
Phil Knight Net Worth - $25.1 Billion
Birth Name - Philip Hampson Knight
Date of birth - February 24, 1938
Zodiac Sign - Pisces
Birth Place - Portland, Oregon, U.S.
Nationality - American
Height - 6′ 1″
Profession - Entrepreneur, Businessperson
But how did it all start and how did he achieve such success? Well, the whole story just shows how important taking risks is for any aspiring entrepreneurs. It all started during Phil Knight’s teenage and student years at Cleveland High School and the University of Oregon. Being really into sports, he cultivated this passion, thus laying the basis for his future career.
Besides his interest in sports, he also served in the Army and spent 7 years in the Reserves, learning and thinking about equipment intended to aid physical activities. Once his service in the Army came to an end, Phil decided to study at Stanford Graduate School of Business.
After finishing his studies and getting a Masters Degree in Business Administration, he chose to take some time off and travel around the world and see what opportunities life might throw at him.
It was on this trip that he discovered his calling towards entrepreneurship. He found a small to medium-sized sportswear company called Tiger Running Shoes and grew so interested in it that he made a deal with the owner to sell their products in the United States.
The first person to try out the products was a coach at the University of Oregon named Bill Bowerman. He was so impressed with their quality and design that saw, beyond the immediate acquisition, an opportunity to start a profitable business. The two shaked hands for the creation of Blue Ribbon Sports, a business that was later renamed to the well-known Nike.
Their decisions and the company's evolution are the perfect proof that, with good impulses, great ideas and some business skills, anyone can make it to the top and amass a fortune comparable to theirs. Will Phil Knight's fortune stop here? It is hard to believe considering that champions in different sports around the world weak his products and those who do not dream of doing it. The right question would be: how much higher can the numbers really go?