Shahid Khan Net WorthReal Name: Shahid Khan
Date of Birth: 07/18/1950
Place of Birth: Lahore, Punjab, Pakistan
2017 Net Worth: $4.5 Billion
Profession: Owner of Flex-N-Gate, Bumper Works, and the Jacksonville Jaguars
Shahid Khan Biography
Shahid Khan was born in July of 1950 to middle class parents in Lahore, Pakistan. He immigrated to the United States in 1967 to attend the University of Illinois at Urbana-Champaign. He got a job washing dishes for $1.20 an hour and his first night in America was spent at the University YMCA for $2. Khan graduated from the UIUC College of Engineering with a BS in Industrial Engineering and was part of the Beta Theta Pi fraternity. He became an American citizen in 1991.
Khan went to work for an automobile manufacturing company called Flex-N-Gate as their engineering director. He started his own company in 1978, with a $50,000 loan and $16,000 of his own money. He named his business Bumper Works. Khan’s company focused solely on car bumpers for auto repair shops and custom made bumpers, but soon became the primary supplier of car bumpers to all of the major car manufacturers. His business was so successful that he was able to purchase the company he had previously worked for, Flex-N-Gate, in 1980. Khan’s businesses are now the only supplier of bumpers for Toyota products. Khan owns more than 48 manufacturing plants, employs more than 12,000 people, and makes more than $3 billion each year.
Khan has expanded his bumper empire by purchasing the NFL team the Jacksonville Jaguars in 2011 for $760 million. In July of 2013, Khan purchased the London-based soccer club Fulham of the Premier League from its previous owner, Mohamed Al Fayed.
Khan’s net worth is $4.5 billion. He has been featured on the front cover of Forbes magazine as being the perfect example of the American Dream. He is the richest person in the United States of Pakistani origin and with the recent acquisition of his sports teams, his earnings and net worth are sure to increase substantially.