2017’s Richest Person and How They Made Their Money: REVEALED!
June 1, 2017
29. Phil Knight, 78 – Net Worth: $25 billion
Phil is the owner of a little known company called Nike! Knight was once in the US Army, which he left to start Blue Ribbon Sports (Nike’s old name). In a relatively short amount of time, he’d made enough money to quit his job as an accountant and focus full time on the brand.
Since then, Nike has grown to be one of the most recognizable brands worldwide, with Phil at the helm. Nike’s main source of growth has been through celebrity endorsements, ranging all the way back to the 80s when they signed Michael Jordan, up until now and Lebron’s $1 billion lifetime contract.