Philip ÒPhilÓ Knight, chairman and co-founder of Nike Inc., laughs during a panel discussion at the Brookings Institution in Washington, D.C., U.S., on Tuesday, Jan. 15, 2013. The event was titled ÒFostering Growth Through Innovation.Ó Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Phil Knight

Phil Knight, along with his family, is a prominent figure in the business world with a net worth of $57 billion, as per Forbes Australia. Knight is widely known for his association with Nike, a global powerhouse in the sports apparel industry. As the co-founder and former CEO of Nike, he has left a lasting legacy in the business world.