Nike is one of the 20 most recognizable brands in the world. This feat is due in part to the genius of its co-founder and current chairman Phil Knight, who plans to sell one of his multimillion-dollar Madison Club homes.
Last week, a property of his was placed on the market for $2.5 million. Overlooking the 13th green of the Madison Club’s golf course in La Quinta, California, the estate he and his wife purchased in 2009 features an acre of land with mountain views.
The sale of this property may have something to do with his recent property purchase in the Madison Club. He shelled out $4.25 million for the five-bedroom, five-bathroom, Spanish-style contemporary abode located in the exclusive club. The 5,400-square-foot home boats a master suite with a fireplace and a soaking tub, formal living and dining rooms, a swimming pool with spa, cathedral-style ceilings, and a courtyard entrance with a fountain feature throughout its two floors, according to the Los Angeles Times.
Knight, who announced in June of 2015 that he’d be leaving his post as chairman of Nike, is said to hold a net worth upwards of $25 billion.
Image courtesy of The Desert Sun