Nike Co-Founder Phil Knight to Donate Most Of His $25 Billion to Charity


Nike co-founder Phil Knight, who as amassed a net worth of around $25 billion, announced he will be giving away the majority of his fortune to charity, according to a CBS interview set to air on April 24.

Knight, 78, told interviewer Lee Cowan, “By the time, you know, the lives of my children and their kids run out, I will have given most of it to charity.”

In February, Knight donated an astounding $400 million to Stanford University and has also donated generously to the University of Oregon, both of which are his alma maters.

Knight announced last year that he will be stepping down as Nike’s chairman this year after 51 years.

Knight’s interview is also set to cover his inspirations in creating Nike and his relationship with co-found Bill Bowerman

Support our Journalism with a Contribution

Many people might not know this, but despite our large and loyal following which we are immensely grateful for, NextShark is still a small bootstrapped startup that runs on no outside funding or loans.

Everything you see today is built on the backs of warriors who have sacrificed opportunities to help give Asians all over the world a bigger voice.

However, we still face many trials and tribulations in our industry, from figuring out the most sustainable business model for independent media companies to facing the current COVID-19 pandemic decimating advertising revenues across the board.

We hope you consider making a contribution so we can continue to provide you with quality content that informs, educates and inspires the Asian community. Even a $1 contribution goes a long way. Thank you for everyone’s support. We love you all and can’t appreciate you guys enough.

NextShark is a leading source covering Asian American News and Asian News including business, culture, entertainment, politics, tech and lifestyle.

For advertising and inquiries: