Phil Knight creates trust for Nike stock

Phil Knight creates trust for Nike stock

Knight rolled $350 million of Nike stock into a new trust as part of his estate plan.

It's the fifth such trust Knight has formed since January of last year. He created a similar  $500 million trust earlier this year. Last year he created trusts valued at  $400 million,  $650 million and roughly $600 million.

Read more at Portland Business Journal