The family has a horde of pets. 10 business lessons from the lawsuit that gave birth to Nike. But this is his largest single move, representing nearly one-quarter of his stake in the world's largest sportswear company. Filantropo, Phil Knightdoou cerca de US$ 2 bilhões para instituições de ensino, como a University of Oregon e Stanford Graduate School of Business. He also teaches at Oregon law school. Currently he is CEO and President of Laika, Inc., a production company that his father started. Attorneys generally discourage naming family members or employees as trustees and often appoint professionals or institutions. Phil Knight, two months shy of 72, has kicked into serious estate-planning mode, tapping a good friend and former University of Oregon athletic director to help out. The stock has gained 30 percent year-to-date. Learn the history of Penny Knight, Phil Knight, and Nike, in this excerpt from our summary of Shoe Dog. Knight's choice of Kilkenny as trustee illustrates the close relationship between the Oregon alumni and Ducks donors. All rights reserved (About Us). On 24-2-1938 Phil Knight (nickname: Phil) was born in Portland, Oregon. The so-called GRATs pay an annuity at a fixed annual rate, most likely, in this case, to Knight. Christina has 12 jobs listed on their profile. In his largest stock move to date, Nike's chairman and co-founder on Wednesday gave 20 million shares of his company's stock, worth about $1.32 billion, to three trusts in his name. 1968 Knight has sold Nike stock on a fairly regular basis in the past, including about 5 million shares in October. But he converted his Class A shares to Class B shares, which lack the same appointment authority, before donating the stock to the trusts. View Christina Knight’s profile on LinkedIn, the world's largest professional community. Phil Knight, two months shy of 72, has kicked into serious estate-planning mode, tapping a good friend and former University of Oregon athletic director to help out. A second son, Matthew, died in 2004 and is survived by a wife and two sons. "He has to decide when to hold and when to fold," said Kay Abramowitz, an estate-planning attorney at Ater Wynne in Portland. He is the co-founder and chairman emeritus of Nike, Inc., and was previously chairman and CEO of the company. Knight owns a black Lamborghini and a red Ferrari. Nike shares closed Wednesday at $66.14 on the New York Stock Exchange, just 29 cents off a 52-week high. Phil Knight at a media-executive summit this summer in Sun Valley, Idaho. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. https://www.thefamouspeople.com/profiles/phil-knight-4361.php The person overseeing the trusts, according to the filing: Pat Kilkenny, who served as UO's top athletics official when Knight donated $100 million to the department. © 2020 Advance Local Media LLC. The economist is married to , his starsign is Pisces and he is now 82 years of age. "If you have a really good friend that you trust, that's the person you want as your trustee," said Jonathan D. Mishkin, an estate-planning and tax attorney at Harrang Long Gary Rudnick in Portland. The workplace is also a scene of fun and comfort. Kilkenny, a former insurance company executive who presumably has little experience overseeing trusts, could not be reached for comment. https://www.wealthypersons.com/phil-knight-net-worth-2020-2021 Need exclusive stories only we can tell? Historical records and family trees related to Phil Knight. He is the oldest son of Penelope and Phil Knight. Phil Knight, entrepreneur. Knight split the shares among three grantor retained annuity trusts. This cheating adulterer named T. Xavians who is married to Christina Knight (Phil Knight’s daughter) was caught cheating on her with that dirty sk*nk goldigging purple crayon chaser Dior Sherrie on video! The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Nike spokespeople did not return messages seeking comment Wednesday. When the trust ends, any remaining amount would be passed on to beneficiaries tax-free. Philip Hampson Knight (born February 24, 1938), is an American billionaire businessman. Knight's Nike shares give him authority to pick nine of 12 Nike board members. Phil Knight. Phil lives in Oregon with a non-flamboyant life style. They met in 1968, in the early days of Nike’s founding, married the same year, and have been together since. And if Nike's stock grows in value as it should, plenty should be left. De acordo com a Forbes em levantamento de 2018, Knight é a 28º pessoa mais rica do mundo, com patrimônio estimado em US$ 34,7 bilhões. Brent Hunsberger | For The Oregonian/OregonLive. They also have a foster daughter named Christina. Knight has two children, Travis and Christina. He made his 23000 million dollar fortune with Co-founder and Chairman Nike, Inc.. É também proprietário de uma produtora de filmes, a Laika. Records may include photos, original documents, family history, relatives, specific dates, locations and full names. Nike disclosed the move in a filing with the U.S. Securities and Exchange Commission. Knight will pay taxes this year on the gifts but generally at less cost than if he waited or held on to the stock until death, attorneys say. Phil Knight é o cofundador, atual presidente emérito e ex-CEO da Nike. He still owns 65 million shares worth about $4.3 billion, the filing shows. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/20). Subscribe to OregonLive. Penny Knight is Nike founder Phil Knight’s first and only wife. The filing does not say who ultimately will benefit from the trusts. Kilkenny also gets the duty of accounting for trust income and deciding when to unload stock. The trusts can be set up for any amount of time or for the rest of Knight's life. But estate-planning attorneys say the move is a common way wealthy individuals pass on their fortunes to heirs while reducing their tax liability and still earning income from the assets. As of July 23, 2020, Knight was ranked by Forbes as the 26th richest person in the world, with an estimated net worth of US$39.2 billion. I hope he used a condom especially considering he is about to have a baby with Christina! He was born in 1973 and is married with two children. Community Rules apply to all content you upload or otherwise submit to this site.