The victim is dead and Knight, 49, fled away, reported TMZ online.
The victim is Terry Carter, allegedly one of Knight 's friends. Another man named Cle "Bone" Sloane was reportedly also hit by Knight's car but he didn't suffer any threatening injuries.
In a video, some police officers and a firefighter could be seen trying to perform CPR to save the victim.
Before the incident, Knight was reportedly shooting possibly for a film or documentary along with The Game, Ice Cube and Dr Dre when he pulled up in his car.
The crew members were the instigator of the fight. Sources connected to Knight claim the music mogul feared for his safety from the two crew members because of his "frail health."
He was shot six times back in August. In November, he was hospitalised for blood clot near his lung after he fell and hit his head in jail.
There was a passenger in Knight's vehicle and police are investigating the person. Deputy Rouzan, LA County Sheriff's Department in the Public Relations Office, said, "We're currently investigating the situation and don't have any comment or anything to report at this time.
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