Nike and Amazon are both powerhouse companies in their respective field. As reported not too long ago, both will team up to form a partnership that will allow Nike to sell shoes directly through Amazon. What does this mean? It means that Phil Knight’s (Nike Co-founder) new worth just went up by $1.9 billion dollars. After this increase in net worth, Knight’s total net worth is now at an estimated $26.6 billion making him the 29th richest person in the world.

Aside from Phil Knight being a whole lot wealthier, Nike’s stock went up 11% since the deal was confirmed.

“We’re really looking forward to seeing how this pilot combines, ultimately, the convenience that Amazon is well known for with Nike’s brand and product power,” Nike CEO and chairman Mark Parker said.

h/t: HB

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