Who Owns Nike

Introduction Who owns Nike? There are a lot of different types of institutions and some individuals. But overall since because it is publicly traded many large investment companies such as Berkshire Hathaway own significant shares. Nike, Inc. is a publicly traded company, recognized globally for its athletic footwear, apparel, and equipment. The ownership of Nike

Gary Fox

Who Owns Nike

Who Owns Nike


Who owns Nike? There are a lot of different types of institutions and some individuals. But overall since because it is publicly traded many large investment companies such as Berkshire Hathaway own significant shares.

Nike, Inc. is a publicly traded company, recognized globally for its athletic footwear, apparel, and equipment. The ownership of Nike is divided among institutional investors, individual shareholders, including Nike insiders, and retail investors. The company’s structure allows for a broad distribution of ownership, with significant stakes held by the founding Knight family, through direct holdings and trusts, ensuring a blend of public investment and family oversight.

The History of Nike

Nike, Inc.’s ascent from its humble beginnings in 1964 as Blue Ribbon Sports (BRS) to its status as a titan in athletic wear and equipment is a testament to the power of innovation and strategic foresight. Co-founded by the visionary coach Bill Bowerman and the astute athlete-turned-entrepreneur Phil Knight, the company initially carved its niche as a distributor for Onitsuka Tiger, a Japanese shoemaker.

The transformation from BRS to Nike in 1971 marked a significant leap in the business. This change introduced the world to the iconic brand that is globally adopted by athletes and consumers.

The unveiling of the iconic Swoosh logo, crafted by Carolyn Davidson, alongside the groundbreaking introduction of Nike Air technology in 1979, underscored the brand’s dedication to pushing the boundaries of athletic footwear.

The narrative of Nike is enriched by strategic alliances and endorsements, most notably the partnership with Michael Jordan in 1984. This collaboration not only revolutionised basketball footwear with the creation of the Air Jordan series but also catapulted Nike into the limelight of global sports marketing.

The brand’s foray into various sports disciplines and its relentless pursuit of technological advancements, such as Dri-FIT, Air Max, and Flyknit, have cemented its leadership in the industry. Moreover, Nike’s engagement in sustainability and social initiatives, exemplified by the Reuse-A-Shoe program and the founding of the Nike Foundation, showcases a commitment to a legacy that extends beyond mere commercial success.

These milestones narrate the evolution of Nike from a modest beginning to a beacon of innovation, performance, and social consciousness in the global sports landscape.

Who is Phil Knight?

Philip Hampson Knight, recognised as the co-founder and chairman emeritus of Nike, Inc., boasts an estimated net worth of $45.0 billion as of December 2023. Beyond his association with Nike, Knight owns Laika, a company specialising in stop-motion film production. His academic journey led him through the University of Oregon and the Stanford Graduate School of Business, culminating in a distinguished career that spans various roles.

Notably, Knight has served as Nike’s chairman and CEO, a Certified Public Accountant, an accounting professor at Portland State University, and a member of the Army. His entrepreneurial spirit is evident in his co-founding of Athletics West, contributing significantly to Nike’s development and success.

Knight’s philanthropic efforts have notably benefited institutions like Stanford University and the University of Oregon. He is also the author of “Shoe Dog,” a memoir that chronicles the rise of the Nike brand. In the political arena, Knight has supported Republican candidates in Oregon.

What is Phil Knights Net Worth?

Phil Knight, the co-founder of Nike Inc., has amassed a significant net worth, primarily due to the global success of the Nike brand.

As of the last update in April 2023, Knight’s net worth was estimated to be over $30 billion, according to Forbes.

This valuation is linked to Nike’s market capitalisation and the performance of its stock.

Nike, under Knight’s leadership and subsequent chairmanship, has grown to become a giant within the athletic footwear and apparel industry.

Who is Bill Bowerman?

Bill Bowerman, born on February 19, 1911, and passing on December 24, 1999, was a figure of monumental influence in the realms of athletics and sports footwear innovation. His academic journey began at the University of Oregon, where he not only excelled as a student but also as a track and field athlete, laying the groundwork for his future contributions to the sport. Following his service in World War II, Bowerman returned to his alma mater to embark on a legendary coaching career that spanned from 1948 to 1972.

Bowerman’s tenure at the University of Oregon was marked by an unwavering commitment to excellence, which culminated in his athletes securing numerous All-American honors and Olympic medals. However, his legacy is perhaps most enduringly encapsulated in his co-founding of Nike, Inc., alongside Phil Knight. Bowerman’s innovative spirit led him to experiment with various materials and designs to improve athletic shoes, most notably inventing the waffle sole by using his wife’s waffle iron, a breakthrough that significantly enhanced traction and performance.

Beyond his tangible contributions to sports and entrepreneurship, Bowerman’s legacy is immortalised in his profound impact on the coaching philosophy and athlete mentorship. His approach was holistic, focusing not only on physical training but also on fostering mental resilience and a relentless pursuit of improvement.

Nike Financial Performance

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Nike Revenue and Profit

Nike Share Ownership Explained

Class A and Class B Stocks

Nike has two classes of stock, Class A and Class B, each serving different purposes within the company’s governance structure. Class A stocks are primarily issued for ownership, allowing shareholders to invest in the company’s value. In contrast, Class B stocks are allocated for control, giving key shareholders, such as the Knight family, tighter control over strategic decisions. This structure ensures that while the company benefits from public investment for liquidity and growth, strategic control remains with the founding family and trusted entities.

  • Class A Shares: These shares are designed for general ownership, allowing investors to partake in the company’s financial growth.
  • Class B Shares: Allocated for control, these shares grant more power in electing the board of directors, thus influencing the company’s strategic direction.

The Knight family, particularly through entities like Travis Knight Trust and Swoosh, LLC, holds a significant influence over Nike. Travis Knight Trust is the largest shareholder, owning a substantial portion of the company’s shares, emphasizing the family’s enduring impact on Nike’s governance and strategic direction.

  • Travis Knight Trust: Holds the largest share, significantly influencing company decisions through substantial voting power.
  • Philip Knight: The co-founder of Nike, has a notable direct stake and influences through Swoosh, LLC, and family trusts.

Who Owns Nike – Major Shareholders

Cleanshot 2024 02 26 At 11.00.49
Source: Moomoo (February 2023)
Cleanshot 2024 02 26 At 11.02.53
Source: SimplyWallSt

The Knight Family Ownership of Nike

Source: Lexchart

Philip Knight Ownership Stake in Nike

CompanyDateNumber of sharesValuationValuation date
 NIKE, INC. CLASS B11/07/202329,740,174 ( 2.44% )3 020 M $30/01/2024
 NIKE INC11/07/202324,401,279 ( 8.00% )2 477 M $30/01/2024
According to market screener

Nike CEO and Board Members

As of the latest data, key figures in Nike’s leadership include Mark Parker, who serves as the Executive Chairman, among others in executive roles and board positions. The distribution of shares among these insiders reflects their financial stake and influence within the company.

WhoPositionSalaryBonusTotal compensation
Mr. Alan B. Graf, Jr.Independent Director0.13m0.31m
Mr. John J. Donahoe, IIDirector, President and Chief Executive Officer1.50m28.84m
Mr. John W. Rogers, JrIndependent Director0.10m0.30m
Mr. Mark G. ParkerExecutive Chairman of the Board1.13m11.83m
Ms. Michelle A. PelusoIndependent Director0.12m0.32m
Mr. Robert H. SwanDirector
Mr. Timothy D. CookLead Independent Director0.15m0.35m
Mr. Peter Blair HenryIndependent Director0.11m0.30m
Ms. Maria G. HenryDirector
Ms. Heidi O’NeillPresident of Consumer, Brand and Product1.22m1.20m8.59m
Mr. Travis A. KnightDirector0.10m0.28m
Ms. Monique S. MathesonExecutive Vice President and Chief Human Resources Officer
Ms. Cathleen A. BenkoIndependent Director0.10m0.30m
Ms. Thasunda Brown DuckettIndependent Director0.10m0.30m
Mr. Matthew FriendExecutive Vice President and Chief Financial Officer1.06m1.06m7.74m
Source: Fidelity International

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