⬅ # 35 Klaus-Michael Kuehne|# 37 Stephen Schwarzman

# 36 Phil Knight 

$39.7B

Real Time Net Worth
as of 5/18/2024
$117.1M (0.30%)

# 36 Phil Knight 

$39.7B

Real Time Net Worth
as of 5/18/2024
$117.1M (0.30%)
OccupationChair, Nike
Source of WealthNike
Age86
ResidenceHillsboro, Oregon
Marital StatusMarried
Children3
EducationMBA, Stanford Graduate School of Business; BS, University of Oregon
Age-Adjusted Net Worth$6.83B
Phil Knight
Phil Knight
United States
Net worth: $39.7B

Self-Made Score 

Wealth History

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Biography

Philip Hampson Knight, known as Phil Knight, was born on February 24, 1938, in Portland, Oregon, USA.
He is the co-founder and former chairman of Nike, Inc., one of the world's most iconic and successful athletic footwear and apparel companies.
Phil Knight founded Blue Ribbon Sports, the precursor to Nike, with Bill Bowerman, his former track coach at the University of Oregon, in 1964.
The company officially became Nike, Inc. in 1971, and Knight played a pivotal role in shaping its brand and marketing strategies.
Nike's growth was fueled by innovations like the waffle sole, endorsement deals with athletes like Michael Jordan, and iconic marketing campaigns like 'Just Do It.'
Knight served as Nike's CEO from 1968 to 2004, overseeing its expansion into a global powerhouse in the sportswear industry.
He stepped down as chairman of Nike in 2016 but remained involved as chairman emeritus.
Knight is known for his philanthropy, contributing substantial donations to his alma mater, the University of Oregon, and various healthcare and education initiatives.
He authored the memoir 'Shoe Dog,' providing insights into the founding and growth of Nike.

How long would it take you to become as rich as Phil Knight?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Phil Knight's net worth of $39.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Phil Knight is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Phil Knight, Nike is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey