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

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    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 stories.

    Knight, 80, and his spouse Penelope have been lively philanthropists over time, donating lots of hundreds of thousands to the University Oregon and Stanford University, the 2 colleges the place Knight went to school and graduate college. According to stories, 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 yr 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 write down the screenplay. 

    “Shoe Dog,” which was revealed in April, 2016, and stays on the New York Times Best Seller listing, will take viewers by means of 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. 

    “I sit up for working with my good friend, the good Frank Marshall, in bringing my story and the story Nike to the display,” Knight stated. “I’ve been gratified by the reception my guide has acquired and assume that we will clarify my journey and the story Nike to an excellent bigger viewers in collaboration with Netflix.”