Early Life
Philip Hampson Knight was born on February 24, 1938, in Portland, Oregon. He grew up in the Eastmoreland neighborhood and attended Cleveland High School. Knight earned a business degree from the University of Oregon in 1959. He was a middle-distance runner on the track team, coached by Bill Bowerman, who would later become his business partner. Knight also served in the Army Reserve and was a "Distinguished Military Graduate" in 1959.
Rise to Success
After graduating from Stanford in 1962, Knight traveled to Japan, where he was impressed by the quality and speed of the Onitsuka (now Asics) factory. He made a deal to sell their shoes in the United States. In 1964, Knight and Bowerman formed Blue Ribbon Sports, later renamed Nike. Knight's first sales were from the trunk of his car at track meets. In 1971, Blue Ribbon Sports became Nike, Inc., with the iconic Swoosh logo designed by Carolyn Davidson. Nike went public in 1980, solidifying its position in the market.
Key Business Strategies
Nike's success stems from innovative product design, strategic athlete endorsements, and impactful marketing campaigns. The company's "Just Do It" slogan and partnerships with athletes like Michael Jordan have been pivotal. Nike expanded its product line to include various sports and apparel, dominating the athletic market. Knight stepped down as CEO in 2004, but remained Chairman until 2016. His leadership fostered a culture of innovation and a relentless pursuit of excellence.
Philanthropy
Knight has made significant philanthropic contributions, donating to both the University of Oregon and Stanford University. His donations include the creation of the OHSU Knight Cancer Institute, and the Knight-Hennessy Scholars program. In 2023, Knight pledged $400 million to revitalize Portland's Albina neighborhood. Knight has a long-term plan to give away most of his wealth through charitable endeavors.