Phil Knight Donates Nearly $1 Billion Of Nike Shares To Charity

Nike Inc. co-founder and chairman emeritus Phil Knight has reportedly donated 12 million shares Nike shares, or practically $1 billion value, to an unnamed charitable group, based on reviews.

Knight, 80, and his spouse Penelope have been lively philanthropists through the years, donating tons of thousands and thousands to the University Oregon and Stanford University, the 2 colleges the place Knight went to varsity and graduate college. According to reviews, Knight’s newest donation — value $990 million when it was made Wednesday — represents about zero.7%  the corporate’s excellent shares and three.1% his $32 billion fortune.

Earlier this 12 months it was introduced that Netflix has optioned the film rights to Nike founder Phil Knight’s autobiography “Shoe Dog.” According to Variety, Knight will produce with Frank Marshall, whereas Scott Alexander and Larry Karaszewski have reportedly signed on to put in writing the screenplay. 

“Shoe Dog,” which was revealed in April, 2016, and stays on the New York Times Best Seller record, will take viewers by Knight’s journey, beginning together with his humble beginnings in Oregon to the launch Nike in 1963 and the corporate’s meteoric rise to the highest the athletic footwear and way of life area. 

Netflix Developing “Shoe Dog” Biopic On Nike Founder Phil Knight

Netflix has optioned the movie rights to Nike founder Phil Knight’s autobiography “Shoe Dog.” According to Variety, Knight will produce with Frank Marshall, while Scott Alexander and Larry Karaszewski have reportedly signed on to write the screenplay. 

“Shoe Dog,” which was published in April, 2016, and remains on the New York Times Best Seller list, will take viewers through Knight’s journey, starting with his humble beginnings in Oregon to the launch Nike in 1963 and the company’s meteoric rise to the top the athletic footwear and lifestyle space. 

Co-produce Frank Marshall, who has been nominated for a Best Picture Academy Award five times for “Raiders the Lost Ark,” “The Color Purple,” “The Sixth Sense,” “Seabiscuit” and “The Curious Case Benjamin Button,” first met Knight back in the 1980’s, during the production “Back To The Future.”

“Ever since our collaboration on ‘BTTF’ and being a runner myself, I’ve always been fascinated by Phil’s story and how the company came to be,” Marshall said, according to Variety. “It’s an amazing tale about what the path to success really looks like, with its mistakes, struggles, sacrifice and even luck. It’s about how a company can grow with the right people, dedication, a belief in the power sport and a shared mission to build a brand that would change everything.”