Shahid Khan, a Pakistan born American, has emerged as the 66th richest man in the United States (US) in Forbes list of 400 wealthiest Americans. As per the report, Khan has a net worth of $7.8 billion.
It is not the first time that Khan is featured in Forbes. In 2012, Khan was on the front cover of Forbes magazine, naming him as the face of the American Dream. Khan was born in Lahore to a middle-class family in 1950. It was in Lahore that he received his early education. Shahid Khan then went to the US at the age of 16 to pursue his career as an architect.
Fact: Shahid Khan arrived in the United States from Pakistan at age 16 with just $500 in his pocket.
He acquired his bachelors in B.Sc with Industrial Engineering from UIUC College of Engineering, in 1971.
About Billionaire Shahid Khan
Shahid Khan was born in Lahore, Pakistan, to a middle-class family involved in the construction enterprise. His mother (now retired) became a professor of arithmetic. He moved to the U.S in 1967 at the age of 16 to study engineering at the University of Illinois, Urbana-Champaign and alongside started working at auto-parts maker Flex-N-Gate. After he graduated he was appointed as the engineering director of Flex-N-Gate. He started bumper-maker Bumper Works in 1978, and also bought his former employer Flex-N-Gate two years later.
Over the next three decades, Khan expanded the closely held company into a business with more than 60 manufacturing plants across the U.S. and sales of more than $8 billion. He tried to buy the National Football League’s St. Louis Rams in 2010, and failed when billionaire Stan Kroenke exercised his right of first refusal to buy the team. Khan purchased the Jacksonville Jaguars for about $770 million a year later and in 2013 the Fulham Football Club, then of the English Premier League.
Shahid Khan Facts
- An engineer by trade, Shahid Khan bought auto parts supplier Flex-N-Gate from his former employer in 1980.
- His design for a one-piece truck bumper was the basis for his success; the company now has 64 plants worldwide and over 24,000 employees.
- Khan also owns the NFL’s Jacksonville Jaguars, which he bought in 2012, and UK’s Fulham football club, which he bought in 2013.
- He and his son, Tony, launched All Elite Wrestling, a professional wrestling entertainment company and a competitor to WWE, in 2019.
- He is a major financial backer of Black News Channel, a 24 hour cable news channel, which launched in February 2020.
Shahid Khan is undoubtedly a powerhouse with an outstanding success story and indeed a true inspiration for the budding entrepreneurs.
Sam Irfan believes in the power of clear, straightforward writing. His blog posts tackle everyday topics with relatable insights and easy-to-follow advice. With a conversational style, he makes complex subjects feel understandable. He’s dedicated to sharing knowledge and empowering readers to take action. Find his latest posts on trending in social.
