Nike founder Phil Knight spent $7.6M building an incredible hangar for his $65M private jet
Published on Jul 21, 2025 at 4:15 PM (UTC+4)
by Daisy Edwards
Last updated on Jul 21, 2025 at 9:01 PM (UTC+4)
Edited by
Emma Matthews
Nike founder Phil Knight has a $65M private jet, which is impressive, but even more impressive is the fact that he spent $7.6M building an incredible hangar for it.
Knight’s new Gulfstream G650 jet is so personalized, even down to its funny registration name, ‘N1KE’, so you have no doubt about who spent $65M and owns the private jet.
The co-founder of Nike is the 49th wealthiest person in the world. So it’s no surprise that he could drop so much money on not only the private jet, but also a state-of-the-art hangar for it.
The hangar has to be good because the Gulfstream G650 is the world’s fastest private jet, and it deserves somewhere very nice to live.
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Nike founder Phil Knight built a $7.6M hangar for his $65M private jet
When you’re the 49th richest man in the whole world, like the Nike co-founder Phil Knight, you want a nice-looking private jet to get you from A to B.
It’s no surprise, then, that Knight has opted for the fastest jet in the world, the Gulfstream G650, made famous by Far East Movement’s hit Like a G6.
The Gulfstream G650 is personalized right down to its registered name, ‘N1KE’. So there’s no doubt in anyone’s mind who dropped $65M on it and who owns it.
Like a G6
Although this kind of wealth is somewhat mind-bending, Phil Knight and his wife use their jet for good. They even let employees hitch rides in the 18-seat masterpiece.
The couple has also given away one billion dollars to charity and academic institutions. So while the hangar and the Gulfstream are flashy displays of wealth, the couple does support good causes too.
The N1KE and its $7.6M hangar home are said to be amazing. And hopefully, one day, we’ll get a glimpse inside the state-of-the-art building.
Daisy is a technology journalist, covering artificial intelligence, consumer tech, Apple news, cryptocurrency, digital business, and emerging technologies. Since joining the team in 2025, she has reported on everything from AI-powered startups and major iOS updates to viral tech hacks and the latest developments in the digital economy. Drawing on her background in automotive journalism and a degree in History and Journalism from Goldsmiths, University of London, Daisy specializes in breaking down complex technology stories into clear, engaging reporting for a global audience. Her work focuses on the products, platforms, and innovations that are transforming the way people work, communicate, and interact with technology. Daisy has gained first-hand access to some of the world's most talked-about technologies and innovators, including meeting Tesla's Optimus humanoid robot during its first European appearance in London. She has also discussed the future of space exploration with an astronaut, bringing unique insights and real-world perspectives to her coverage of emerging technology.
