How Phil Knight Built Nike Into a $ Billion Global Empire
Find out Nikes high-flying founder became the Sultan of Swoosh.
Do you know who won the most medals at the Rio Olympics? It wasn’t the United States. It was Nike, whose athletes worldwide won more than total medals and all 32 of the U.S. track and field golds. It wasn’t always this way. If you roll the tape back to, say, the games in Tokyo, you can watch Bob Hayes win the meter sprint in 10 seconds flat wearing the three bands of Adidas, the dominant, and dominating, athletic shoe company in the world at that time. Same thing again in in Mexico City, when Bob Beamon destroyed the long jump record in Adidas.
One of the avid fans of those Games was a middle-distance runner named Phil Knight—Buck, to his family—who once raced for the vaunted University of Oregon Ducks track team. Knight never won an Olympic medal in Adidas shoes—or anybody else’s, for that matter. Instead, he would, with his iconoclastic college coach Bill Bowerman, create the shoes and the brand that would later demolish Adidas in the marketplace and supplant the German outfit as the world’s top athletic shoe company. With that No. 1 status wou
Shoe Dog Summary: 10 Best Lessons from Phil Knight
We all know Nike—its one of the biggest brands in the world. But did you know the founder of Nike was NOT some billionaire investor, but just a kid who loved running? A kid with ZERO business experience named Phil Knight.
When Phil started, he was selling shoes from the back of his car! But today, sports icons like Michael Jordon and Tiger Woods proudly wear Nike shoes. And so do hundreds of millions of other customers. In fact, you probably have a pair of Nikes in your closet right now!
Phil wrote Shoe Dog to share with us how he built Nike. He wants to inspire other young people to chase their own crazy ideas too, just like he did.
Right here, Ive summarized some of the key lessons from the book. Whether you dream of being an entrepreneur, athlete or artist, I think these lessons can guide you in the right direction. So lets begin!
About Phil Knight
Phil Knight (wiki) was the co-founder and CEO of Nike for 40 years, from to According to Forbes, in his net worth was over $50 billion, making him the 24th richest person in the world.
🚀 1. Start Before Youre Ready: The founder of Nike
Top Nike Shareholders
Nike, Inc. (NKE) is a global designer, marketer, and retailer of athletic footwear, sneakers, apparel, equipment, services, and accessories.
Most of Nike's products are manufactured by independent contractors. The company sells its products direct-to-consumer through retail outlets and its digital platforms as well as through independent distributors and retailers.
Top Shareholders
The top shareholders of Nike are Phil Knight, Mark Parker, John Donahoe, Swoosh LLC, The Vanguard Group Inc., and BlackRock Inc. (BLK).
Nike's full year revenue and net income for its fiscal year ending May 31, were $ billion and $ billion, respectively. The company had a market capitalization of $ billion as of March 9,
Stock Classes
Nike has two classes of stock. Class A common stock shares aren't available on the open market. They're convertible into class B shares on a one-for-one basis.
Class B common stock shares are available to all investors. Holders of Class A shares elect nine of the 12 members of Nike's board. Holders of Class B shares elect the other three.
Phil Knight, the co-founder of Nike, and his son Travis Knight own more t
Phil Knights fantastic history of Nike is also a great story of business leadership and economics
August 21,
When I was 10 years old, I joined the school running club. Mike Henry, the teacher at Thomlinson Middle School in Rothbury, had a love of running and took a group of of us for a 3 mile run every Monday, Wednesday and Friday lunchtime. Along the country lanes we would go, passed the Whitton Tower farm, and to the turning point at Carterside Farm. For the first year, I was always at the back of the group, struggling to keep pace with my more talented peers. On my feet were a pair of Adidas trainers, more like tennis shoes, and probably the cause of many injury problems in future years!
After a while I got fitter, and discovered an aptitude and ultimately a lifelong passion for running. In September my first ever race was on the horizon. Id been selected to run for the school, against other local schools in the Morpeth area. Mike suggested I should invest in some new footwear. It would be a hilly course and I really needed some proper running shoes. He told me about the Wally Waffle. A specialist childrens running shoe from a new American sportswear company
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Top Nike Shareholders
Nike, Inc. (NKE) is a global designer, marketer, and retailer of athletic footwear, sneakers, apparel, equipment, services, and accessories.
Most of Nike's products are manufactured by independent contractors. The company sells its products direct-to-consumer through retail outlets and its digital platforms as well as through independent distributors and retailers.
Top Shareholders
The top shareholders of Nike are Phil Knight, Mark Parker, John Donahoe, Swoosh LLC, The Vanguard Group Inc., and BlackRock Inc. (BLK).
Nike's full year revenue and net income for its fiscal year ending May 31, were $ billion and $ billion, respectively. The company had a market capitalization of $ billion as of March 9,
Stock Classes
Nike has two classes of stock. Class A common stock shares aren't available on the open market. They're convertible into class B shares on a one-for-one basis.
Class B common stock shares are available to all investors. Holders of Class A shares elect nine of the 12 members of Nike's board. Holders of Class B shares elect the other three.
Phil Knight, the co-founder of Nike, and his son Travis Knight own more t
Phil Knights fantastic history of Nike is also a great story of business leadership and economics
August 21,
When I was 10 years old, I joined the school running club. Mike Henry, the teacher at Thomlinson Middle School in Rothbury, had a love of running and took a group of of us for a 3 mile run every Monday, Wednesday and Friday lunchtime. Along the country lanes we would go, passed the Whitton Tower farm, and to the turning point at Carterside Farm. For the first year, I was always at the back of the group, struggling to keep pace with my more talented peers. On my feet were a pair of Adidas trainers, more like tennis shoes, and probably the cause of many injury problems in future years!
After a while I got fitter, and discovered an aptitude and ultimately a lifelong passion for running. In September my first ever race was on the horizon. Id been selected to run for the school, against other local schools in the Morpeth area. Mike suggested I should invest in some new footwear. It would be a hilly course and I really needed some proper running shoes. He told me about the Wally Waffle. A specialist childrens running shoe from a new American sportswear company
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