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Monday, July 3, 2017

Phil Knight's Net Worth Up $1.9 Billion Following Nike's Amazon Announcement

According to a report by Forbes, Phil Knight's net worth jumped $1.9 billion on Friday as of 2:15 p.m. EST, following an 11% stock surge by Nike at the close of markets on Thursday. The bump followed an earnings call during which Nike CEO Mark Parker confirmed the company's intentions to sell product through Amazon and better than expected fourth quarter earnings. Knight now has an estimated net worth of $26.6 billion, making him the world's 29th richest person. He stepped down as chairman of Nike in June 2016, but remains its largest shareholder.

Phil Knight's Net Worth Jumps $1.9 Billion After Announcement Of Nike Deal With Amazon

Nike cofounder Phil Knight isn't running the show at his retail giant anymore, but as the company's largest shareholder, he still benefits greatly from its successes. Knight's net worth jumped $1.9 billion on Friday as of 2:15 p.m. Eastern, as Nike stock soared nearly 11% since the close of markets on Thursday.

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