Does Phil still own Nike?

Does Phil Knight Still Own Part of Nike?

Yes, Phil Knight still holds a significant stake in Nike, despite stepping back from day-to-day leadership years ago. While he officially retired as chairman in 2016, Knight and his family retain ownership of about 20% of the company—a testament to his enduring influence on the brand he helped build from the ground up.

It all began in 1964 when Knight, a University of Oregon track athlete, teamed up with his coach, Bill Bowerman, to launch Blue Ribbon Sports. The company originally imported and sold Japanese athletic shoes, laying the foundation for what would become a global empire. In 1971, they rebranded as Nike, inspired by the Greek goddess of victory, and introduced the now-iconic swoosh logo. Bowerman also played a crucial role in product innovation, famously crafting the first waffle sole in his garage.

Though Bowerman passed away in 1999 and Knight has long since retreated from public leadership, his legacy is woven into every facet of Nike’s identity. His early vision—to challenge the status quo and empower athletes—still drives the brand. While the company has evolved under new executives, Knight’s fingerprints remain visible, not just in ownership percentages, but in Nike’s relentless drive for innovation and cultural relevance.

Today, Nike is no longer just a footwear company—it’s a symbol of athletic ambition, style, and storytelling. And while Phil Knight may no longer be in the boardroom, his presence lingers. As one of the last living founders of a modern global brand, his quiet stake speaks volumes: he may have stepped down, but he’s never really let go.