Shares of Nike Inc (NYSE:NKE) have been hit hard in 2026, thanks to quarterly earnings and, in recent days, due to the quarterly results of retailer Dick’s Sporting Goods, a key customer.
The decline has hit the net worth of founder Phil Knight so hard that he is likely to be out of the prestigious top 100 richest people in the world club.
• Nike stock is trading at depressed levels. Where is NKE stock headed?
Phil Knight’s Wealth Drops
Nike founder Knight was worth $66 billion back in November 2021. Five years later, Knight and his family are worth $25.3 billion.
