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74-524: The Nike Cortez was created by Bill Bowerman and Phil Knight . The men first met in 1957: Bowerman was the track and field coach at the University of Oregon , and Knight competed on Bowerman's team. The two friends became business partners soon after Knight bought the distribution rights of Onitsuka Tiger brand athletic shoes from Japan for the USA. The initial name of their business was Blue Ribbon Sports and

148-623: A Certified Public Accountant , first with Coopers & Lybrand , and then Price Waterhouse . Knight then became an accounting professor at Portland State University . Immediately after graduating from the University of Oregon, Knight enlisted in the Army and served one year on active duty and seven years in the Army Reserve . He next enrolled at Stanford Graduate School of Business , where, for his small business class, Knight produced

222-674: A US$ 30 million commitment toward the Autzen Stadium expansion project and offered no further donations to the university. In a public statement, Knight criticized the WRC for having unrealistic provisions and called it misguided, while praising the FLA for being "balanced" in its approach. In the face of ongoing conflict with students, Frohnmayer sided with Knight's assertion that the WRC was providing unbalanced representation, and in October 2000

296-664: A buyer, Forbes suspended publication of these two magazines as of May 17, 2007. Both magazines were purchased by the American Heritage Publishing Company and resumed publication as of the spring of 2008. Forbes has published the Forbes Travel Guide since 2009. In 2013, Forbes licensed its brand to Ashford University , and assisted with the launch of the Forbes School of Business & Technology . CEO Mike Federle justified

370-599: A deal valuing the company at $ 800   million. His majority ownership was to include the remaining portion of the company owned by the Forbes family which was not previously sold to Integrated Whale Media. The transaction attracted scrutiny by the Committee on Foreign Investment in the United States . Russell denied reports that Russian businessman Magomed Musaev was involved in the transaction. In November 2023,

444-542: A games room for the players that includes flat-screen televisions and foosball machines, and a cafeteria. In November 2015, it was announced that Knight and his wife would be donating $ 19.2 million towards a new sports complex project at the University of Oregon. The plans for the 29,000 square foot complex was announced in September. Construction started in January 2016 and ended in September 2016. The sports complex

518-466: A heart attack 150 feet (46 m) underwater due to an undetected congenital heart defect. Knight and Travis traveled to El Salvador to return Matthew's body to the US. Laika Studio's 2005 short film Moongirl was dedicated to Matthew's memory. Knight resigned as Nike CEO on November 18, 2004, several months after Matthew's funeral but retained the position of chairman of the board. Knight's replacement

592-630: A home in La Quinta, California . Forbes Forbes ( / f ɔːr b z / ) is an American business magazine founded by B. C. Forbes in 1917 and owned by Hong Kong –based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes , and its CEO is Mike Federle . It is based in Jersey City, New Jersey . Competitors in the national business magazine category include Fortune and Bloomberg Businessweek . Published eight times

666-479: A lawyer turned newspaper publisher, and his wife, Lota Cloy (née Hatfield) Knight. He grew up in the Portland neighborhood of Eastmoreland , and attended Cleveland High School . According to one source, "When his father refused to give him a summer job at his newspaper [the now defunct Oregon Journal ], believing that his son should find work on his own," Knight "went to the rival Oregonian , where he worked

740-436: A lightweight thread made of Vectran placed in the upper of the shoe, which further reduced the weight of the shoe. Forrest Gump receives a pair of Nike Cortez in the 1994 film Forrest Gump , and becomes a famous runner wearing them. The Nike Cortez are the preferred footwear of George Costanza , a character on the television series Seinfeld . Phil Knight Philip Hampson Knight (born February 24, 1938)

814-477: A minority interest in the company with a reorganization, through a new company, Forbes Media LLC, in which Forbes Magazine and Forbes.com, along with other media properties, is now a part. A 2009 New York Times report said: "40 percent of the enterprise was sold... for a reported $ 300 million, setting the value of the enterprise at $ 750 million." Three years later, Mark M. Edmiston of AdMedia Partners observed, "It's probably not worth half of that now." It

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888-514: A notional Mount Rushmore for the university. Knight was one of the four final choices, along with Ducks track legend Steve Prefontaine ; current NFL player Marcus Mariota , the 2014 Heisman Trophy winner; and Sabrina Ionescu , who had just completed an epic college basketball career for the Ducks . Knight met his wife, Penelope "Penny" Parks, while he was working at Portland State University and they were married on September 13, 1968. They own

962-462: A paper, "Can Japanese Sports Shoes Do to German Sports Shoes What Japanese Cameras Did to German Cameras?", that essentially foretold his eventual foray into selling running shoes. His ambition was to import high-quality and low-cost running shoes from Japan into the American market. He graduated with a master's degree in business administration from Stanford in 1962. Knight set out on a trip around

1036-584: A partner with Knight and provide product design ideas. The two men agreed to a partnership by handshake on January 25, 1964, the birth date of Blue Ribbon Sports , the company that would later become Nike. Knight's first sales, were made out of a now storied green Plymouth Valiant automobile at track meets across the Pacific Northwest . By 1969, these early sales allowed Knight to leave his accountant job and work full-time for Blue Ribbon Sports. Jeff Johnson, Nike's first employee, suggested calling

1110-453: A shooting in a Brentwood, California neighborhood after being asked why they were wearing Nike Cortez shoes. They were all injured. The Nike Cortez has been redesigned numerous times. Early on, the shoe set the standard for running shoes. Co-founder and Olympic-class track trainer Bill Bowerman was set on designing a running shoe that provided both comfort and durability. The foam is measured to be generously placed in more significant parts of

1184-407: A wide network of freelancers ("contributors") writes and publishes articles directly on the website. Contributors are paid based on traffic to their respective Forbes.com pages; the site has received contributions from over 2,500 individuals, and some contributors have earned over US$ 100,000, according to the company. The contributor system has been criticized for enabling "pay-to-play journalism" and

1258-559: A year, Forbes features articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. It has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is known for its lists and rankings, including of the richest Americans (the Forbes 400 ), lists of 30 notable young people under

1332-422: Is an American billionaire businessman and philanthropist who is the co-founder and chairman emeritus of Nike, Inc. , a global sports equipment and apparel company. He was previously its chairman and CEO. As of December 2023, Forbes estimated his net worth at $ 45.0 billion. He is also the owner of the stop motion film production company Laika . Knight is a graduate of the University of Oregon and

1406-464: The Eugene Weekly reported Frohnmayer stating that: ... he would refuse to pay dues to the WRC based on a legal opinion from UO General Counsel Melinda Grier arguing that to do so would be illegal and open the university to liability. Grier claimed the WRC had not yet incorporated, had not yet filed as a non-profit, and served no public purpose justifying a dues payment. On February 16, 2001,

1480-540: The Asia Society , wrote in The Washington Post that "Since that purchase, there have been several instances of editorial meddling on stories involving China that raise questions about Forbes magazine's commitment to editorial independence." On August 26, 2021, Forbes announced plans to go public via a merger with a special-purpose acquisition company called Magnum Opus Acquisition, and to trade on

1554-546: The Knight-Hennessy Scholars graduate-level education program inspired by the Rhodes Scholarship . Graduates are charged to tackle global challenges, such as climate change and poverty . The first class of 51 scholars from 21 countries was scheduled to arrive at Stanford in the fall of 2018. In May 2022, it was announced that Phil and Penny Knight gifted Stanford $ 75 million to establish

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1628-615: The Nike swoosh symbol across the sides of the shoe and a streak across the lower portion of the outer sole. Leather was the first material used to construct the shoe, however, Bowerman soon realized that he could reduce the weight of the shoe if he changed the material of the shoe's upper to nylon and suede. In 2009, a new design of the Nike Cortez - the Cortez Fly Motion - was released. The Cortez Fly Motion instituted flywire :

1702-531: The Oregon University System enacted a mandate that all institutions within the system choose business partners from a politically neutral standpoint, barring all universities in Oregon from joining either the WRC or the FLA. Following the dissolved relationship between the university and the WRC, Knight reinstated the donation and increased the amount to over US$ 50 million. Also controversial

1776-528: The San Diego –based Arrowhead General Insurance Agency, and grew the business into a nationwide organization, with written premiums of nearly US$ 1 billion when he sold the company in 2006. In October 2008, Knight and his wife pledged US$ 100 million to the OHSU Cancer Institute, the largest gift in the history of Oregon Health & Science University . In recognition, the university renamed

1850-601: The Stanford Graduate School of Business . He was part of the track and field club under coach Bill Bowerman at the University of Oregon with whom he would later co-found Nike. Knight has donated hundreds of millions of dollars to each of his alma maters , as well as Oregon Health & Science University . He has donated over $ 2 billion to these three institutions. Phil Hampson Knight was born on February 24, 1938, in Portland, Oregon , to Bill Knight ,

1924-647: The 2009 Times report: "Steve Forbes recently returned from opening up a Forbes magazine in India , bringing the number of foreign editions to 10." In addition, that year the company began publishing ForbesWoman , a quarterly magazine published by Steve Forbes's daughter, Moira Forbes , with a companion Web site. The company formerly published American Legacy magazine as a joint venture, although that magazine separated from Forbes on May 14, 2007. The company also formerly published American Heritage and Invention & Technology magazines. After failing to find

1998-704: The New York Stock Exchange as FRBS. In February 2022, it was announced that Cryptocurrency exchange Binance would acquire a $ 200 million stake in Forbes as a result of the SPAC flotation. In June 2022, the company terminated its SPAC merger citing unfavorable market conditions. In August 2022, the company announced that it was exploring a sale of its business. In May 2023, it was announced that billionaire Austin Russell , founder of Luminar Technologies , agreed to acquire an 82   percent stake in

2072-542: The Olympic Games came to an end, another name change on the shoe occurred, this time looking for something more catchy. They decided on the name Aztec, but Adidas then threatened legal action because it was too similar to their own Azteca Gold track shoe. Soon thereafter they decided on the name "Cortez", which paid tribute to Hernan Cortés , the Spanish Conquistador who led an expedition that caused

2146-592: The Phil and Penny Knight Initiative for Brain Resilience. The initiative will be housed at Stanford's Wu Tsai Neurosciences Institute and is set to study the cognitive decline and degenerative brain diseases such as Parkinson's and Alzheimer's. As of 2023, Knight has donated over one billion dollars to the University of Oregon. It is believed that Knight made his first major contribution in the late 1980s. By 2000 Knight had already contributed over $ 50 million to UO. He

2220-523: The State of Oregon. Knight was responsible for financing the UO's US$ 68 million 145,000 square-foot gridiron football facility that was officially opened in late July 2013. Knight's personal locker in the team's locker room displays the title "Uncle Phil", and other features include a gym with Brazilian hardwood floors, Apple iPhone chargers in each of the players' lockers, various auditoriums and meeting rooms,

2294-708: The age of 30 ( Forbes 30 Under 30 ), America's Wealthiest Celebrities, the world's top companies (the Forbes Global 2000 ), Forbes list of the World's Most Powerful People , and The World's Billionaires . The motto of Forbes magazine is "Change the World". B. C. Forbes , a financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the Magazine of Wall Street , founded Forbes magazine on September 15, 1917. Forbes provided

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2368-557: The app. David Churbuck founded Forbes ' s web site in 1996. The site uncovered Stephen Glass 's journalistic fraud in The New Republic in 1998, an article that drew attention to internet journalism . At the peak of media coverage of alleged Toyota sudden unintended acceleration in 2010, it exposed the California "runaway Prius" as a hoax, as well as running five other articles by Michael Fumento challenging

2442-505: The athletic department at UO have also led to controversy. In April 2000, student leaders began organizing an anti-sweatshop and fair labor practices campaign, and called for Dave Frohnmayer, president of the school, to support the Workers Rights Consortium (WRC). On April 4, 2000, students began a sit-in at Johnson Hall, the UO's administrative center. In early April, an open meeting of students further demanded that

2516-496: The autonomy of schools in the Oregon University System . On September 27, 2013, Knight announced to the audience at the OHSU Knight Cancer Institute's biennial gala, when he announced his intention to donate US$ 500 million for research if OHSU could match it over the subsequent two years. On June 25, 2015, OHSU met that $ 500 million goal, and Knight announced his upcoming $ 500 million donation, to bring

2590-526: The building of the Nike brand, from importing Japanese shoes to being part of a federal investigation. As of July 2021, Knight has a net worth of $ 60.8 billion. In 1990, Knight founded the Philip H. Knight Charitable Foundation Trust. As of 2016, according to Portland Business Journal , "Knight is the most generous philanthropist in Oregon history. His lifetime gifts now approach $ 2 billion." In 2023, Knight

2664-572: The company published 100 articles each day produced by 3,000 outside contributors who were paid little or nothing. This business model, in place since 2010, "changed their reputation from being a respectable business publication to a content farm", according to Damon Kiesow, the Knight Chair in digital editing and producing at the University of Missouri School of Journalism. Similarly, Harvard University's Nieman Lab deemed Forbes "a platform for scams, grift, and bad journalism" as of 2022. In 2017

2738-423: The company's board with the cooperation of Nike executives. In late 2003, Knight appointed his son to the board and, after Vinton had stepped down—prior to leaving the company with a severance package—Knight rebranded the company Laika . He then invested $ 180 million into Laika, and the studio released its first feature film, Coraline , in stop motion , in 2009. Coraline was a financial success and Travis Knight

2812-669: The company's chairman, with president and CEO Mark Parker to succeed him. Knight's retirement from the Nike board took effect at the end of June 2016. In September 2017, Knight decided to come out of retirement to put black back in the UNC jerseys for the Phil Knight Classic in Portland, Oregon. Knight's memoir, Shoe Dog , was released on April 26, 2016, by Simon & Schuster , was rated fifth on The New York Times Best Seller list for business books in July 2018, and details

2886-494: The deal collapsed, as Russell was unable to put together the necessary funds. Apart from Forbes and its lifestyle supplement, Forbes Life , the magazine has 42 international editions covering 69 countries: Chairman / Editor-in-chief Steve Forbes and his magazine's writers offer investment advice on the weekly Fox TV show Forbes on Fox and on Forbes on Radio . Other company groups include Forbes Conference Group, Forbes Investment Advisory Group and Forbes Custom Media. From

2960-509: The deal were not publicly reported, but Forbes was to continue to occupy the space under a five-year sale-leaseback arrangement. The company's headquarters moved to the Newport section of downtown Jersey City , New Jersey, in 2014. In November 2013, Forbes Media, which publishes Forbes magazine, was put up for sale. This was encouraged by minority shareholders Elevation Partners . Sale documents prepared by Deutsche Bank revealed that

3034-406: The entire media premise of Toyota's cars gone bad. The website (like the magazine) publishes lists focusing on billionaires and their possessions, especially real estate. Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes's holdings include a portion of RealClearPolitics . Together these sites reach more than 27 million unique visitors each month. Forbes.com employs

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3108-464: The fall of the Aztec Empire. It is widely thought that the Nike Cortez was key to the success of Nike. The shoe was introduced to the general public at the peak of the 1972 Summer Olympics . Demand for the shoe grew exponentially after the public noticed that the Nike Cortez was being used by the 1972 U.S. Olympic athletes. Sales reached $ 800,000 during the first year the shoe was released, which

3182-476: The firm "Nike," named after the Greek winged goddess of victory , and Blue Ribbon Sports was subsequently renamed Nike in 1971. Nike's " swoosh " logo, now considered one of the most valuable logos in the world, was commissioned for $ 35 from graphic design student Carolyn Davidson in 1971. According to Nike's website, Knight said at the time: "I don't love it, but it will grow on me." In September 1983, Davidson

3256-414: The late 1990s, Will Vinton Studios animation company sought external investors due to rapid growth. Knight assumed a 15 percent stake in the company in 1998, and his son Travis —who had graduated from Portland State following an unsuccessful attempt at a rap music career—went to work at the studio as an animator. Citing mismanagement, Knight eventually purchased Will Vinton Studios and assumed control of

3330-549: The licensing in 2018, stating that "Our licensing business is almost a pure- profit business , because it's an annual annuity ." Forbes would launch limited promotions for the school in limited issues. Forbes has never formally endorsed the school. On January 6, 2014, Forbes magazine announced that, in partnership with app creator Maz, it was launching a social networking app called "Stream". Stream allows Forbes readers to save and share visual content with other readers and discover content from Forbes magazine and Forbes.com within

3404-505: The magazine's circulation nearly doubled. On Bruce's death, his brother Malcolm Forbes became president and chief executive officer of Forbes, and editor-in-chief of Forbes magazine. Between 1961 and 1999 the magazine was edited by James Michaels . In 1993, under Michaels, Forbes was a finalist for the National Magazine Award . In 2006, an investment group Elevation Partners that includes rock star Bono bought

3478-593: The money and the name and Drey provided the publishing expertise. The original name of the magazine was Forbes: Devoted to Doers and Doings . Drey became vice-president of the B.C. Forbes Publishing Company, while B.C. Forbes became editor-in-chief, a post he held until his death in 1954. B.C. Forbes was assisted in his later years by his two eldest sons, Bruce Charles Forbes (1916–1964) and Malcolm Forbes (1919–1990). Bruce Forbes took over after his father's death, and his strengths lay in streamlining operations and developing marketing. During his tenure, from 1954 to 1964,

3552-596: The morning shift tabulating sports scores and every morning ran home the full seven miles." Knight continued his education at the University of Oregon in Eugene , where he ran for the famed Oregon track and field program, was a sports reporter for the Oregon Daily Emerald and was a member of Phi Gamma Delta fraternity. Knight earned a business degree (B.B.A.) in 1959 in just three years. That same year, Knight also received his Army Reserve Commission and

3626-409: The organization Fair Labor Association (FLA) would receive no consideration from the university, as it was perceived as a group founded, funded and backed by Nike and other corporations, and had also been criticized by worker rights advocates as an exercise in dishonest public relations. University President Dave Frohnmayer subsequently signed a one-year contract with the WRC; Knight then withdrew

3700-539: The organization the "OHSU Knight Cancer Institute ." In October 2010, Knight donated several million dollars to the Catlin Gabel School to establish a scholarship for incoming freshmen students. On May 18, 2012, Knight contributed US$ 65,000 to a higher education Political Action Committee (PAC) formed by Columbia Sportswear CEO Tim Boyle. According to Boyle, the PAC will help facilitate an increase in

3774-454: The publisher's 2012 earnings before interest, taxes, depreciation, and amortization was US$ 15 million. Forbes reportedly sought a price of US$ 400 million. In July 2014, the Forbes family bought out Elevation and then Hong Kong-based investment group Integrated Whale Media Investments purchased a 51 percent majority of the company. In 2017, Isaac Stone Fish, a senior fellow of

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3848-433: The repackaging of public relations material as news. Forbes currently allows advertisers to publish blog posts on its website alongside regular editorial content through a program called BrandVoice, which accounts for more than 10 percent of its digital revenue. In July 2018 Forbes deleted an article by a contributor who argued that libraries should be closed, and Amazon should open bookstores in their place. As of 2019

3922-412: The shoe with intentions of offering comfort, absorbing road shock and providing other health benefits. The combination of these two soles reduces leg fatigue, raises the heel of the shoe to reduce Achilles tendon strains and provides maximum comfort. One of the world's leading marathoners described the Nike Cortez as "the most comfortable shoe ever." The shoe is given a simple outer design that consists of

3996-413: The slogan "Home Page for the World's Business Leaders" and claimed, in 2006, to be the world's most widely visited business web site. The 2009 Times report said that, while "one of the top five financial sites by traffic [throwing] off an estimated $ 70 million to $ 80 million a year in revenue, [it] never yielded the hoped-for public offering ". Forbes.com uses a contributor network in which

4070-599: The total to $ 1 billion raised. Knight and wife Penny also donated to the Marylhurst Knights Opportunity Scholarship Program at Marylhurst University , a private Roman Catholic university in Marylhurst, Oregon ; as a result, the university named a lawn on their campus "Knight's Green" in the family's honor. In December 2016, Knight disclosed that he had donated $ 112 million in Nike stock to charity. In 2000, Knight

4144-445: The university. In response, athletic director Pat Kilkenny said: "This extraordinary gift will set Oregon athletics on a course toward certain self sufficiency and create the flexibility and financial capacity for the university to move forward with the new athletic arena." At the time, the donation was the largest philanthropic gift in the history of the university. The 2010 construction of the UO basketball team's Matthew Knight Arena

4218-491: The website blocked internet users using ad blocking software from accessing articles, demanding that the website be put on the ad blocking software's whitelist before access was granted. Forbes argued that this is done because customers using ad blocking software do not contribute to the site's revenue. Malware attacks have been noted to occur from the Forbes site. Forbes won the 2020 Webby People's Voice Award for Business Blog/Website . In November 2019, Forbes launched

4292-479: The western United States. The first Tiger samples would take more than a year to be shipped to Knight; during that time he found a job as an accountant in Portland. When Knight finally received the shoe samples, he mailed two pairs to Bowerman at the University of Oregon, hoping to gain both a sale and an influential endorsement. To Knight's surprise, Bowerman not only ordered the Tiger shoes, but also offered to become

4366-619: The world after graduation, during which he made a stop in Kobe, Japan , in November 1962. It was there that he discovered Tiger brand running shoes, manufactured in Kobe by the Onitsuka Co. , now known as Asics . Impressed by the quality and low cost of the shoes, Knight called Mr. Onitsuka, who agreed to meet with him. By the end of the meeting, Knight had secured Tiger distribution rights for

4440-579: Was William Perez , former CEO of S.C. Johnson & Son , Inc., who was eventually replaced by Mark Parker in 2006. In 2011, the Matthew Knight Arena at the University of Oregon was named in his honor. During the 2009–2010 period, Knight was the largest single contributor to the campaign to defeat Oregon Ballot Measures 66 and 67 , which, once passed, increased income tax on some corporations and high-income individuals. In June 2015, Knight and Nike announced that he would step down as

4514-426: Was America's second largest donor with $ 1.2 billion in giving. In 2006, Knight donated US$ 105 million to the Stanford Graduate School of Business , which, at the time, was the largest ever individual donation to a U.S. business school. The campus was named "The Knight Management Center," in honor of Knight's philanthropic service to the school. In 2016, it was announced that Knight contributed $ 400 million to start

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4588-420: Was Knight's success in lobbying for former insurance executive Pat Kilkenny to be named as athletic director at the university. Kilkenny had neither a college degree nor any prior experience in athletics administration. He attended but did not graduate from UO, as he left the school with several credit hours still owing. Prior to his appointment at UO, Kilkenny had been the chairman and chief executive officer of

4662-542: Was UO's 2018-2019 honorary degree recipient. Major gifts include funds supporting the renovation of the Knight Library and construction of the Knight Law Center. Contrary to press reports, which claim that Knight financed the whole library renovation project, Knight only financed a portion of the library's renovation. Knight also established endowed chairs across the campus. In the fall of 2016, it

4736-424: Was a " Distinguished Military Graduate " . As a middle-distance runner at Oregon, his personal best was 1 mile (1.6 km) in 4 minutes, 13 seconds, and he won varsity letters for his track performances in 1957, 1958, and 1959. In 1977, together with Bowerman and Geoff Hollister, Knight founded an American running team called Athletics West . Before Blue Ribbon Sports—later Nike—flourished, Knight worked as

4810-475: Was a 100% sales increase over the 8,000 sales inquiries reached after the first year of selling the Tiger brand shoes. Nike ultimately would grow into a multi-billion dollar corporation conducting business in more than 160 countries while employing more than 35,000 people. The Nike Cortez is commonly worn by gangs in Los Angeles , especially Sureños . In January 2013, four Hispanic teenagers were targeted in

4884-579: Was announced that Knight will donate $ 500 million to UO for a new three-building laboratory and research science complex. This donation was part of a series of large higher-education gifts. Knight contributed towards the Moshofsky Center, which opened in 1998. In August 2007, Knight announced that he and his wife would be donating US$ 100 million to found the UO Athletics Legacy Fund to help support all athletic programs at

4958-559: Was formally inducted on September 7, 2012. In 1989, Knight received the Golden Plate Award of the American Academy of Achievement . For his "contributions to business, corporate and philanthropic leadership", Knight was elected to the 2015 American Academy of Arts and Sciences membership class. In 2020, the university polled alumni and fans on social media, asking them which four UO alumni they would place on

5032-515: Was given an undisclosed amount of Nike stock for her contribution to the company's brand. On the Oprah television program in April 2011, Knight claimed he gave Davidson "a few hundred shares" when the company went public. At Nike, Knight developed personal relationships with some of the world's most recognizable athletes, including Michael Jordan and Tiger Woods . Following mainstream success in

5106-645: Was inducted into the Oregon Sports Hall of Fame for his Special Contribution to Sports in Oregon. At the time of his induction, he had contributed approximately US$ 230 million to UO, the majority of which was for athletics. On February 24, 2012, Knight was announced as a 2012 inductee of the Naismith Memorial Basketball Hall of Fame , as a contributor . The Hall recognized him as the driving force behind Nike's huge financial support of U.S. basketball and its players. Knight

5180-500: Was later changed to Nike in 1972. Although the business was distributing decent athletic shoes, Bowerman believed that athletes deserved a better track shoe than what was available. After years of designing and experimenting, Bowerman finalized his image of the Nike Cortez in 1968, and in 1972 the shoe was released. The initial name for the shoe was "Mexico", which was derived from the 1968 Summer Olympics held in Mexico City. Once

5254-603: Was later revealed that the price had been US$ 264 million. In 2021, Forbes Media reported a return to profit, with revenue increasing by 34 percent to $ 165 million. Much of the revenue growth was attributed to Forbes’ consumer business, which was up 83 percent year-over-year. CEO Mike Federle says that Forbes is built on an audience and business scale with 150 million consumers. In January 2010, Forbes reached an agreement to sell its headquarters building on Fifth Avenue in Manhattan to New York University ; terms of

5328-583: Was named the Marcus Mariota Sports Performance Center and includes motion capture systems, neurocognitive assessment tools, 40-yard dash track, and steam machines made by Nike to help athletes break into their footwear more quickly. In 2021, Knight helped to fund the renovation of Hayward Field , a track and field stadium at the university. The project was estimated to cost $ 270 million, although Knight's total contribution remained private. Knight's contributions to

5402-477: Was the result of a partnership between Knight and former Oregon athletic director Pat Kilkenny. Although Knight didn't pay for the project directly, he established a $ 100 million "Athletic Legacy Fund." The fund supports the athletic department. Named after Knight's deceased son, the venue replaced the McArthur Court building and cost over US$ 200 million to build. The facility was built using bonds backed by

5476-481: Was then promoted into the roles of Laika CEO and president. In May 2004, two years after Knight bought Vinton, his son Matthew, aged 34 years, traveled to El Salvador to film a fund-raising video for Christian Children of the World, a Portland nonprofit organization . However, while scuba diving with his colleagues Vincenzo Iannuzzelli and Robert McDonell in Lake Ilopango , near San Salvador , he died from

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