On January 25, 1964, Phil Knight and William Bowerman founded Blue Ribbon Sports, a running shoe business that would be rebranded in 1971 as Nike. The company, of course, is now a juggernaut, with $51 billion in revenue in its last fiscal year, a market cap of $154 billion and a globally dominant position in the footwear market.

Beginning with John McEnroe in 1978, athletes like Michael Jordan and Tiger Woods have made the brand synonymous with success on and off the field. Knight has seen his net worth rise to an estimated $40 billion and landed at No. 18 on 2023’s Forbes 400 ranking of the wealthiest Americans.

Read the full story on Forbes: https://www.forbes.com/sites/brettknight/2024/01/24/how-phil-knight-fast-tracked-nike-60th-anniversary/?sh=631028cb3061

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