Phil Knight and Bill Bowerman, the duo who founded Nike, did not even have the luxury of a garage. The founders began operating out of a car’s trunk in 1964, christening their venture Blue Ribbon Sports. Initially, no retailer showed any interest in retailing their shoes, and currently, Nike is the world’s biggest manufacturer of sports accessories and apparel.
The business is not afraid to voice opinions on social matters around America. Some feel it may hurt business; however, others support it due to their strong social messages. At present, Nike has an estimated net worth of $90 billion and has earned revenues of over $37.4 billion as of May 2020.