Phil Knight Highest-Paid Business man in the World
- By Carol Kearney
- Washington
- Last updated on
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It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 86-year-old Phil Knight has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2024 with an estimated $46 million in combined earnings.
UPDATE 24/11/2024 : This story seems to be false. (read more)
Phil Knight tops annual list of highest-paid business men
In 2022 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (November 23) that Knight is the highest-paid business man in the world, pulling in an astonishing $46 million between October 2023 and October 2024, 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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