Phil Knight Highest-Paid Business man in the World

Phil Knight
Phil Knight led People With Money’s annual list of the “100 highest paid business men” released on Friday.

It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 83-year-old Phil Knight has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2021 with an estimated $46 million in combined earnings.

UPDATE 15/05/2021 : This story seems to be false. (read more)

Phil Knight tops annual list of highest-paid business men

In 2018 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Friday (May 14) that Knight is the highest-paid business man in the world, pulling in an astonishing $46 million between April 2020 and April 2021, a nearly $20 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The American business man has an estimated net worth of $145 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Knight Burger” chain) in Washington, a Football Team (the “Portland Angels”), has launched his own brand of Vodka (Pure Wonderknight - US), and is tackling the juniors market with a top-selling perfume (With Love from Phil) and a fashion line called “Phil Knight Seduction”.

The ranking is significant for many Phil fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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