What Happened To Nike's Founder?
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- Опубликовано: 5 авг 2024
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Nike is the largest sports brand in the world boasting a market cap that's higher than even Coca-Cola and Toyota. Considering this, I don't think you'd be surprised to hear that the founder of Nike, Phil Knight, is part of the top 20 richest people in the world with a net worth of $62.2 billion. However, unlike other mega-cap company founders like Steve Jobs and Jeff Bezos, not many people know about Phil Knight. Phil was actually a world-class runner himself as a young adult with a record mile time of 4:13. After graduating college, Phil partnered with his coach, Bill Bowerman, to launch a sports shoe brand called Blue Ribbon Sports. Eventually, the duo launched a new brand of shoe called Nike which ended up overshadowing the rest of the company. Ever since then, Phil has full-heartedly embraced Nike which has played out extremely well for him. This video explains the story of Nike's founder, Phil Knight, and why Phil Knight prefers to maintain such a private image.
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Timestamps:
0:00 - The Man Behind Nike
0:51 - Phil Knight
2:57 - Blue Ribbon Sports
4:48 - Nike
6:25 - Mega Corporation
8:21 - Phil Knight
Thumbnail Credits:
Steve Dykes
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swoo.sh/3EQ3UCZ
Resources:
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Coraline is an awesome movie! Im glad phil helped his son out!!
Good video but there's a lot more to nike then you covered. I would recomend his book(or audiobook) where he covers cashflow problems, almost going bust, loosing key athletes, foren governments complaining when they paid US minimum wage overseas, lose of his son and much more
One of the most educational channels here on RUclips. Thank you for the big effort!
Thanks man!
You're the best man, keep up the good work.
Thanks man!
The book "shoe dog" is a great read!
Thanks for the suggestion!
Honestly, that’s my best business biography so far.
One of the best books I've read/listened to
This was a great insight thank you for the video
There is so much to learn from Nike .
Good work man!! 😄
Thank you Jatin!
Thanks for putting the time and effort to make this insightful video ...
Thanks for watching Vivek!
Great video. Thanks for the informative video.
Thanks for watching Teslim!
Another day another awesome video 👍
Thank you Joel!
His book shoe dog is truly an inspiration.
GREAT INFORMATION, AMAZING VIDEO. PERIOD
He has a great story. I felt his college track coach at Oregon, Bill Bowerman, also led an incredible legacy as Phil's continues to thrive.
This the the place where I get inspired. Keep it up
Thanks man!
First amazing video.but I also want to start making vidoes but I don't have a mic so how do you it.
Good video, but it isn't entirely true that Bill and Phil were forced to create their own shoes, in fact they designed shoes for Onitsuka Tiger way before they cut the deal with them. When they didn't have the rights to sell Onitsuka any longer, they just produced their own designs and sold them
thank you for the video, this is huge.
edit: didn't know he started with Onitsuka. wild.
Thanks for watching bro!
I love watching these stories!
The knight our comfort and turbo engine of our feet’s . It is a great to know phil since I don’t know a lot about him . Nike is a big part of pop culture and it is great to use them ( I don’t have them cuz someone stole them 😅 ) and there contributions in the world can’t be unseen but we can’t also unseen the things phil is doing so in final it all round’s up in zero.
Great video 👍🏻
I want my nike shoes back 😂
Already knew about Phil knight. Was really waiting for what h does these days but had to wait until the end. Same story as d book 📚 shoe 👟 dog 🐕
Shoe dog book is so amazing he narrated his life very good
The best company model ever invented, Most people don't realise that he took the concept that pharmaceutical companies use but he used it for a sport attire/fashion company... And nobody can afford to compete now
Great video pls make a video of Sheldon Adelson
Thanks for the suggestion man!
I watched a video on a company called Allbirds. Ended up buying a pair.
Should do some videos on interesting start ups
Thanks for the video idea man!
Studio Laika's movies are among the most consistently critically acclaimed in the film industry with a track record similar to that of early Pixar. They're also unique in that they're the only major studio that continues to specialise exclusively in stop motion animation, a time intensive process that requires enormous investment that normal companies would be unwilling to make for fear of profit loss. I think Phil's backing of his son is more akin to that of a patron and an artist rather than to outright nepotism.
His Book "Shoe Dog" its a Gem
The direct comparison between nike paying Vietnamese workers less than a dollar and amazon paying american workers less than 15 dollars is extremely misleading. Without taking the cost of living or median wages in the 2 counties into consideration you are painting a wrong image. You should really look into correcting this
Highkey
Anyone knows the shoe from the thumbnail? PLEASE :)
I did a school project on this guy and got an A.
I didn’t know he donated to the republic party. Profiting from the feminist movement, BLM and others and then donating to the republic party is really interesting lol
True, that's quite ironic hahaha
Too few likes for a well researched story
He looks like elderly Pete Davidson
People should read Shoe Dog by Phil Knight, it's a pretty amazing book
WTF is wrong with being private? 🙄
Nothing
Plz make longer and indepth videos 📹
Thanks for the feedback Mayur
@@LogicallyAnswered love ❤ ur content man!
I was thinking, maybe you could make a video about Magnus Carlsen? He studied mathematics at Oxford when he was 15, and has been the world chess champion since like 2013. He's def a milionaire too.
This is a terrible idea
Thanks for the video suggestion Tibo
@@tramenari why
The pronunciations of Bill Bowerman and Steve Prefontain confirm Logically Answered is not a track fan 😂
Still an excellent video
He lives near me
Nike is an advertising and marketing company that just so happens to sell shoes
Tike
Just Buy it
You poor me rich
Just do it!
Bill Bowerman not "Bill BoreORMAN"
Rich & Anonymous
Not
Poor & Famous
I want to learn top-notch knowledge ad skills regarding AI, Robotics, Drone traffic systems, Holography, Biometrics Where can I learn it at an expert level? Recommend some good research content
Mr Video Release Engine
Hahaha, thanks man!!
Thats not true at all. Phil is a very humble man.
"Ni-ke?" is it Nike like bike. Get it right!
He said it right
Yeah, it’s Ni-ke. At least that’s how we pronounce it in the US
I'm SURE he has PLENTY of dark secrets as is usually the case with "private" people!!
Video editor editing not the same. Videos seems like theyre for not the same quality
Hmmm ok, thanks for the feedback
@@LogicallyAnswered editing is amazing 👏
@@LogicallyAnswered and I loved thr video
Thanks Tim!
Adidas waaaay better than Nike . Adidas dm me
Hahaha, fair enough
Nope you are absolutely wrong
Nepotism is not right. In fact he did the right thing by not throwing money at his son and making him buy the animation company. Instead he made him work and slowly transitioned him to the top. Wish all the rich did that which would lead to less Gucci Gangs.
phil is in a Michael Moore movie showing slave wages he pays
idk wut to comment
Hahaha, thanks for watching!
Interesting that he supports the republicans party and Nike is about as liberal as it gets…
True hahaha
Learning from other cultures.
You butchered the famous athletes' last names
Hey if u read this u should do dmt lsd and ayahuasca its life changing we're all the same consciousness creating reality through the mind🧠👁🕉
Nike couldn't pay their 3rd world employees more if they wanted to. In some of these countries even a low wage by American standards is higher than what a doctor or an engineer would make. Local politicians often don't allow that to happen, because if working at a shoe factory was the most prestigious / best paying job one could get it would make it very hard for their societies to move forward, improve and build their own wealth. I wish more people would try to understand nuances like this before rushing to judgement.
Interesting..
Ah I see
I have never ever heard of this in India or neighbouring countries in Asia .
This is a very flawed argument no company wants to pay more to the employees than similar businesses in the area are paying. Their sole reason for manufacturing in 3rd world countries is to cut Operation costs. Thats will give employees minimum wage possible.
Your argument is laughable. If you don't want to pay scraps but the government wouldn't allow you to, then why would you move your manufacturing to that country?
BOW rhyming wit wow. yall can rly just google these pronunciations tho....
Repent, trust, and believe in Jesus and be saved. To repent means you confess your sins (the acts and thoughts that are wrong according to God and His Word) and ask for forgiveness with sincerity. Once you do this, strive to no longer do those wrong/sinful things, but do what is right according to God’s Word. It’s not by doing good things that you are saved but by trusting and believing in God and His grace/mercy. John 3:16-17 For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him.
I don’t buy Nike anything
Shit im 2nd
Thanks for being early bro!
@@LogicallyAnswered 🤗👀🙃
Your ignorance and mispronunciation is unacceptable. #unsub
What did I mispronounce?
🤣 🤣 🤣
@@LogicallyAnswered seriously? All the names including McEnroe , Agassi. How can you not know how to pronounce McEnroe? How do you pronounce MCDONALDS? And your political mentally retard views are astonishing.
@@greenjupiter the guy can’t pronounce McEnroe and Agassi
Yeah - pretty bad mispronunciation, it is hard to understand some of the names, your pronunciation is so bad. Since these are famous people... You just need to research how to pronounce their names correctly
I would appreciate if you keep your personal political views out of your otherwise amazing videos. It's just a suggestion.
I tried to be as neutral as possible. Which way did it seam like I was leaning?
@@LogicallyAnswered It seemed you were leaning a bit to the left in the section where you were explaining why the founder doesn't prefer to be in media.
Thanks for taking it positively! I really appreciate it.