Shahid Khan is a well-known Pakistani-American entrepreneur, philanthropist, and businessman. He is the owner of the football franchise “Jacksonville Jaguars” of the NFL (National Football League) and the football club “Fulham F.C” of the EPL (English Premier League). He is also the founder of “Flex-N-Gate” which is an automobile parts manufacturer situated in Illinois. Here is a quick summary of net worth, career and earnings of Shahid Khan in 2020.
Early Life & Biography
Shahid Khan was born on July 18, 1950, in Lahore, Pakistan. His father was involved in the construction industry, and his mother was a mathematics professor at a local university. When Khan was 16 years of old, his family moved to the United States. His first night in the United States was in a $2 per night room at the YMCA.
He went to the Beta Theta Pi school. Later, Khan attended UIUC College of Engineering where he completed his BSc in Industrial Engineering in the year 1971. In 1999, he received the prestigious “Mechanical Science and Engineering Distinguished Alumni Award”.
Khan married “Ann Carlson” in 1997 whom he met while studying in college. The couple has two kids, Tony and Shanna.
Career, Award & Nominations
Shahid Khan’s first job was of washing dishes for which he received $1.20 per hour. While Khan was studying at the University of Illinois, he worked for “Flex-N-Gate” which is an automotive manufacturing company. After graduating from the college, he was hired for the post of “engineering director” in the same company. In 1978, Khan started his own company “Bumper Works” which made custom car bumpers. Two years later, Khan bought the company “Flex-N-Gate” where he was previously employed.
Later, he grew the company and sold bumpers to the top three automobile manufacturers of the United States, i.e., Ford, Fiat Chrysler, and General Motors. In 1989, his company became the sole supplier of the complete Toyota line in the country. On November 2011, Khan bought the football team “Jacksonville Jaguars” from its previous owner Wayne Weaver. In 2013, he purchased the “Fulham Football Club” of the English Premier League from the Egyptian businessman Mohamed Al Fayed.
In 1999, Khan was awarded the “Distinguished Alumnus Award” from the Department of Industrial Engineering and Mechanical Science of the University of Illinois. He also received the “Alumni Award for Distinguished Service” from the College of Engineering in 2006. The University of Illinois Alumni Association also awarded him and his wife “Distinguished Service Award” in the year 2005.
Net Worth & Earnings
Shahid Khan has an estimated net worth of more than $7.5 billion. He is the wealthiest person of Pakistan origin and is currently ranked 221 in the list of the richest person in the world. He is also ranked 70 in the Forbes 400 list of wealthiest Americans. In 2012, Khan was featured in the cover page of the Forbes magazine which referred him as the face of the American Dream. He also bought the “Jacksonville Jaguars” football franchise for more than $750 million.
Shahid Khan is one of the most renowned businessmen in the world. He has also associated himself with many philanthropic organizations including the NFL Foundation which supports worthwhile causes at the national and international level.