Phil Knight, the co-founder of the world’s leading athletic apparel company, Nike, has become one of the world’s richest men and is a symbol of success in the business world. But how much of Nike does he actually own? In this article, we will explore the details of Phil Knight’s stake in Nike and how much money he has made from his investment. So if you’re interested in learning how much one of the world’s wealthiest men has made from his stake in Nike, then read on!
Phil Knight, co-founder and former chairman of Nike, owns 11.1 percent of the sportswear giant. He is the largest individual shareholder of the company and has an estimated net worth of $35.7 billion as of 2018.
How Much Does Phil Knight Own of Nike?
Phil Knight is the founder of the iconic sports and lifestyle brand Nike. Since its inception in 1964, Nike has become a global leader in performance apparel, footwear, and sports equipment and is currently valued at over $100 billion. Knight has been a major driving force behind the company’s success and has been a Nike shareholder since the company’s inception.
At its peak in June 2015, Knight held a 16.95% stake in Nike, making him the largest individual shareholder. However, in October 2015, he announced that he was beginning to divest his shares, reducing his stake in the company to 12.07%.
What Is Phil Knight’s Current Stake in Nike?
As of December 2018, Knight’s stake in Nike was down to 8.3%. This stake is still valued at around $3.9 billion, making him the second-largest individual shareholder behind Vanguard Group, the company’s largest institutional investor.
What Is Phil Knight’s Role at Nike?
Knight is currently the Chairman Emeritus at Nike, a position he has held since June 2016. In this role, he provides guidance and advice to the company’s board of directors and executives. He is also a member of the company’s Innovation Advisory Board, which helps to shape Nike’s product development strategy.
Phil Knight’s Other Business Ventures
Though Knight has reduced his stake in Nike, he still has a variety of other business interests. In addition to his 15.7% stake in the video streaming service BAMTech, he is also a major investor in the sports equipment company Liberty Media and the venture capital firm Vulcan Capital.
He has also invested in various start-ups, including the health care technology company Crossover Health and the artificial intelligence company Zenreach. He is also the co-founder of the venture fund Ilumina Partners and the chairman of the venture capital firm Swoosh Ventures.
Frequently Asked Questions
What is Phil Knight’s Net Worth?
Phil Knight’s net worth is estimated to be around $30.7 billion as of 2020. He is the co-founder of Nike and one of the wealthiest people in the world.
How Much Does Phil Knight Own of Nike?
Phil Knight currently owns around 3.2% of Nike’s shares. This translates into roughly 17 million shares, which is valued at around $2.2 billion. Although his stake is relatively small, his voting power is still significant due to the dual-class share structure of Nike.
What is the Dual-Class Share Structure of Nike?
Nike’s dual-class share structure allows the founding members of the company, such as Phil Knight, to have more voting power than their ownership stake would otherwise allow. This structure allows the founders to maintain control over the company even as new shareholders come in and increase their ownership stake.
How has Phil Knight’s Role at Nike Changed Over the Years?
Phil Knight has had a variety of roles at Nike over the years. He started out as the company’s chairman and CEO, and now serves as the chairman emeritus. He currently remains active in the company and is involved in the strategic direction of Nike.
How Did Phil Knight Build Nike into a Global Brand?
Phil Knight built Nike into a global brand by focusing on innovation and marketing. He was able to successfully create an iconic brand identity that resonated with customers, and his aggressive marketing strategies helped Nike become a household name. He also focused on creating high-quality products that resonated with customers and helped Nike become a market leader.
How Has Phil Knight Used his Wealth to Give Back?
Phil Knight has used his wealth to give back in a variety of ways. He has donated over $2 billion to various charities, including the United Way and the Special Olympics. He also established the Phil and Penny Knight Campus for Accelerating Scientific Impact at Stanford University. In addition, he has donated millions of dollars to various universities, including his alma mater, the University of Oregon.
Phil Knight’s ownership of Nike is truly remarkable and inspiring. He was able to take a small startup, and through his hard work and ambition, turn it into one of the world’s most iconic brands. His ownership stake in Nike, currently estimated at around 11%, is a testament to his foresight and success. Phil Knight’s story is a shining example of the power of entrepreneurship and what can be achieved when you stay focused and work hard to realize your dreams.
