One word. Nike.
The biggest shoe company’s former CEO, co-founder, and chairman, Phil Knight, has recently listed his plot of land for sale for $2.5 million, as reported by Realtor.
The land, measuring at one acre, is located at La Quinta, California. This community holds an exclusive golf resort. According to Realtor, the land is designed by notable golf course architect, Tom Fazio. It has been said that the private golf course is “an unmatched experience for even the most seasoned golfer.”
The view of the land is impeccable. It overlooks the golf course’s lake and the mountains of Santa Rosa and San Jacinto.
The Desert Sun reported that back in 2015, the former CEO of Nike had just purchased a $4.2 million house with his wife Penelope, located in The Madison Club. It is a private property that offers a clubhouse, a restaurant, a movie theater, a fitness center, and a spa exclusive for its members. Now that is living a good life.
Back in July 2015, Bloomberg Business reported that Knight, now 77, will be stepping down as the CEO of Nike. He founded the company in 1964, when he was only 26. Nike’s original name, Blue Ribbon Sports, originally made sneakers for kids. He ran the company for about five decades.
Nike has become a Wall Street favorite when the company surpassed Adidas AG as the world’s biggest sporting goods company. The shares of the company immediately rose at 14,000 percent back in Dec. 1, 1980 when it went public.
Knight endorsed Mark Parker to be his replacement as the Chief Executive Officer, but no announcement has been made yet about when he will officially leave the company.
Forbes estimated that Knight’s wealth is about $27 billion, and ranked him as the 35th richest person in the world. He is known to wear sunglasses and Nike sneakers in almost any occasion.
