Phil Knight Is Officially The Richest Man In Sports

Phil Knight Is Officially The Richest Man In Sports

Yeezy may think that he’s jumped over the Jumpman, but there is still no stopping the Swoosh. One week removed from donating a record-breaking $400M to Stanford University, Nike co-founder and chairman Phil Knight has been named the richest man in sports according to Forbes.

The publication just released its 2016 world’s billionaires rankings, which places Knight at no. 24 overall with a net worth of $24.4B. He is placed in the “Fashion and Retail” category, but his work is very much centered in the sporting industry, making him the richest person involved with sports worldwide.

Holding on to his title as the richest person in the world is Bill Gates, valued with a net worth of $75 billion, despite losing $4.2 billion last year. He has been No. 1 one for 3 years in a row and topped the list 17 out of the last 22 years. Other notables include Facebook’s Mark Zuckerberg, who had the best year of all billionaires. The 31-year-old added $11.2 billion to his fortune and moved up to No. 6 from 16.

Amazon’s Jeff Bezos both make their first appearance in the top ten of FORBES’ annual ranking of the world’s wealthiest. Los Angeles Clippers owner, Steve Ballmer, checks in at 26th with his net worth at $23.5 billion. Seattle Seahawks and Portland Trail Blazers owner Paul Allen,  checks in at No. 40 on the list. Both of the aforementioned billionaires built their wealth through Microsoft.

Photo Credit: Nike

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Kazeem Famuyide

Former online editor of and Senior Editor at Hip-Hop Wired, Kazeem Famuyide has now taken his talents to help create and head the new online platform, STASHED. He's also a regular on MTV2's "Uncommon Sense With Charlamagne" and has been featured on BET, VH1, Complex, Essence and Revolt.