How Phil Knight Grew Nike Into A Multibillion-Dollar Company And Became A Billionaire In The Process
On January 25, 1964, Phil Knight and William Bowerman founded Blue Ribbon Sports, a running shoe business that would be rebranded in 1971 as Nike. The company, of course, is now a juggernaut, with $51 billion in revenue in its last fiscal year, a market cap of $154 billion and a globally dominant position in the footwear market.
Beginning with John McEnroe in 1978, athletes like Michael Jordan and Tiger Woods have made the brand synonymous with success on and off the field. Knight has seen his net worth rise to an estimated $40 billion and landed at No. 18 on 2023’s Forbes 400 ranking of the wealthiest Americans.
Read the full story on Forbes:
Subscribe to FORBES:
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
Stay Connected
Forbes newsletters:
Forbes on Facebook:
Forbes Video on Twitter:
Forbes Video on Instagram:
More From Forbes:
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
1 view
558
186
2 months ago 00:28:09 1
How does Starlink Satellite Internet Work?📡☄🖥
2 months ago 00:04:22 1
Whitechapel - A Visceral Retch (Official Video)
2 months ago 00:03:18 1
Falling In Reverse - “Ronald“ (feat. Tech N9ne & Alex Terrible)
2 months ago 00:11:40 5
Grand Battle Scale Ashigaru - Speedpaints on 10mm Figures [How I Paint Things]
2 months ago 00:02:26 1
Slapping A 360 SPINNING GUITAR Sounds CRAZY
2 months ago 02:19:17 1
Extremely Offensive Memes That Made You Blow
2 months ago 00:29:21 1
TIMELAPSE OF THE FUTURE: A Journey to the End of Time (4K)
2 months ago 00:27:48 1
How are Microchips Made? 🖥️🛠️ CPU Manufacturing Process Steps
2 months ago 00:04:18 1
De La Soul - Breakadawn (Official Music Video) [HD]
2 months ago 00:03:53 1
Erasure - Love To Hate You (Official HD Video)
2 months ago 00:18:23 1
offensive memes if ylyl v76
2 months ago 00:03:15 1
Imagine - John Lennon & The Plastic Ono Band (w The Flux Fiddlers) (Ultimate Mix 2018) - 4K REMASTER
2 months ago 03:14:55 1
Phil Schneider: UFO’s, Dulce Base | Full Lecture (RARE)