Shahid Khan

$14.55 B

Ranked #196 in World

About Shahid Khan

Shahid "Shad" Khan, a Pakistani-American billionaire, is a notable name in the auto components sector as the owner of Flex-N-Gate and the wealthiest Pakistani-origin entrepreneur, amassing $12.1 billion by March 2023. His diverse portfolio includes owning NFL's Jacksonville Jaguars, Premier League's Fulham F.C., and co-owning All Elite Wrestling. A University of Illinois engineering alumnus, Khan's Flex-N-Gate boasts $8.89 billion in 2020 sales, ranking high in automotive supply chains. Also active in sports, he's an ethnic minority pioneer in NFL ownership.

Born

July 18, 1950

Age

75 years

Source Of Wealth

Sports Teams, Auto Parts

Industries

Automotive

Citizenship

United States

Residence

Naples, Florida

Education

Bachelor of Arts/Science, University of Illinois, Urbana-Champaign

Shahid Rafiq "Shad" Khan was born on July 18, 1950, in Lahore, Pakistan, to a middle-class family involved in the construction industry. His mother was a professor of mathematics, and his father had a shop selling survey and drawing equipment. In 1967, at the age of 16, Khan moved to the United States to study at the University of Illinois at Urbana–Champaign, where he graduated with a Bachelor of Science degree in industrial engineering in 1971.

Shahid Khan: Family

Khan is married to Ann Carlson Khan since 1977 and has two children, Shanna and Tony Khan. He became a naturalized American citizen in 1991.

Shahid Khan: Career Highlights

Khan's career highlights include working at Flex-N-Gate Corporation while attending university, being hired as engineering director after graduation, starting Bumper Works in 1978, buying Flex-N-Gate from his former employer in 1980, and merging it with Bumper Works. He grew the company to supply bumpers for the Big Three automakers, becoming the sole supplier for Toyota pickups in 1987 and for the entire Toyota line in the US by 1989. Khan adopted the Toyota Way to increase efficiency and flexibility, leading the company to grow from $17 million in sales in 1980 to $8.89 billion in 2020. In 2019, Flex-N-Gate had 25,000 employees and 69 manufacturing plants worldwide.

Shahid Khan: Companies

Khan is the owner of Flex-N-Gate, an American supplier of motor vehicle components. He also owns the Jacksonville Jaguars of the National Football League (NFL) and Fulham F.C. of the Premier League. Additionally, he is the co-owner of the American wrestling promotion All Elite Wrestling (AEW) with his son, Tony Khan.

Shahid Khan: Major Achievements

Khan's major achievements include being featured on the cover of Forbes magazine in 2012 as the face of the American Dream, having a personal net worth of $12.1 billion as of March 2023, being ranked 94th in the Forbes 400 list of richest Americans in 2021, being the 291st richest person in the world, being the richest auto parts magnate ahead of Georg F.

W. Schaeffler, and being the wealthiest person of Pakistani origin.

Shahid Khan: Awards & Achievements

Khan has received numerous awards and achievements, including the Distinguished Alumnus Award from the University of Illinois in 1999, the Alumni Award for Distinguished Service from the College of Engineering in 2006, and the Distinguished Service Award from the University of Illinois Alumni Association in 2005 (with his wife, Ann Carlson).

Shahid Khan: Personal Life & Legacy

Khan is a Muslim and owns a house in Naples, Florida, the superyacht Kismet, and an apartment in Chicago's Gold Coast neighborhood. He is known for his philanthropic efforts and has donated millions of dollars to various educational and charitable organizations.

Shahid Khan: Trivia

Khan attempted to purchase the St. Louis Rams in 2010 but was outbid by Stan Kroenke. He was the first member of an ethnic minority to own an NFL team and is one of three NFL team owners born outside the United States. Khan negotiated the purchase of Fulham F.C. in 2013 for an estimated £150–200 million and is the lead investor behind the professional wrestling promotion All Elite Wrestling (AEW) with his son, Tony Khan. He was also the former majority shareholder in Black News Channel.

Wealth History

Timeline

1946

Shahid Rafiq "Shad" Khan is born in Lahore, Pakistan.

1967

Khan moves to the United States at age 16 to study at the University of Illinois at Urbana–Champaign.

1971

Khan graduates with a BSc in industrial engineering from the University of Illinois at Urbana–Champaign.

1978

Khan starts Bumper Works, making car bumpers for customized pickup trucks.

1980

Khan buys Flex-N-Gate from his former employer and merges it with Bumper Works.

1987

Flex-N-Gate becomes the sole supplier for Toyota pickups.

1989

Flex-N-Gate becomes the sole supplier for the entire Toyota line in the US.

1991

Khan becomes a naturalized American citizen.

1999

Khan is awarded the Mechanical Science and Engineering Distinguished Alumni Award from the University of Illinois.

2005

Khan and his wife, Ann Carlson, receive the Distinguished Service Award from the University of Illinois Alumni Association.

2006

Khan receives the Alumni Award for Distinguished Service from the College of Engineering at the University of Illinois.

2010

Khan attempts to purchase the St. Louis Rams but is outbid by Stan Kroenke.

2011

Khan purchases the Jacksonville Jaguars from Wayne Weaver for $770 million.

2012

Khan is featured on the cover of Forbes magazine as the face of the American Dream.

2013

Khan negotiates the purchase of Fulham F.C. for an estimated £150–200 million.

2019

Flex-N-Gate has 25,000 employees and 69 manufacturing plants worldwide.

2020

Flex-N-Gate is ranked 46th largest privately held American company by Forbes.

2021

Khan is ranked 94th in the Forbes 400 list of richest Americans.

2023

Khan has a personal net worth of $12.1 billion as of March.

Shahid Khan : FAQs

What is Shahid Khan's current net worth?

Shahid Khan's current net worth is $14.55 billion.

What is Shahid Khan's current global rank among billionaires?

Shahid Khan holds the 196th position globally among billionaires.

What is Shahid Khan's current ranking within the United States?

Shahid Khan holds the 76th position in United States.

What was the change in Shahid Khan's net worth compared to the previous year?

Shahid Khan's net worth decreased by 68.43 million dollars compared to the previous year 2025, when his net worth was 14.62 billion dollars.

What are Shahid Khan's main sources of wealth?

Shahid Khan's main source of income comes from Sports Teams, Auto Parts.

In which industry does Shahid Khan primarily operate?

Shahid Khan is primarily involved in the Automotive industry.

What is Shahid Khan educational background?

Shahid Khan holds a Bachelor of Arts/Science from the University of Illinois from Urbana-Champaign.

How old is Shahid Khan?

Shahid Khan is 75 years old.

How many children does Shahid Khan have?

Shahid Khan has 2 children.

Who is Shahid Rafiq "Shad" Khan and what businesses does he own?

Shahid Rafiq "Shad" Khan is a Pakistani-American billionaire businessman and sports tycoon known for owning Flex-N-Gate, a leading American supplier of motor vehicle components, the Jacksonville Jaguars of the NFL, Fulham F.C. of the Premier League, and co-owning All Elite Wrestling (AEW).

What are Shahid Khan's contributions to the sports industry?

Shahid Khan has made significant contributions to the sports industry as the owner of the NFL's Jacksonville Jaguars, the Premier League's Fulham F.C., and as the co-owner of All Elite Wrestling (AEW). He's also the first member of an ethnic minority to own an NFL team and a board member of the NFL Foundation.

How did Shahid Khan establish his business empire and what are his company's achievements?

Shahid Khan worked at Flex-N-Gate Corporation during university, later buying the company and merging it with his own venture, Bumper Works. Under his leadership, Flex-N-Gate grew to supply major automakers, adopted the Toyota Way to enhance efficiency, and reported $8.89 billion in sales in 2020 with 25,000 employees and 69 manufacturing plants worldwide.

What awards has Shahid Khan received in recognition of his success?

Shahid Khan has received several awards including the Mechanical Science and Engineering Distinguished Alumni Award in 1999, the Alumni Award for Distinguished Service from the University of Illinois' College of Engineering in 2006, and the Distinguished Service Award from the University of Illinois Alumni Association in 2005 shared with his wife, Ann Carlson.