A Lahore Born Entrepreneur, Shahid Khan is featured as the richest billionaire with a total worth of 7.8 Billion US dollars in a Forbes Magazine.
Shahid Rafiq Khan is the Pakistan born American business man and now a sports tycoon also.He is appeared at 66th number among the 183 billionaires in US.
Over March 2016 to September 2020 his wealth figure have jumped from $5.6 B to $7.8 B, taking him to top businessman of US. He was considered in top 400 even in 2016.
Now a days he is settled in a posh beach town area of south west Florida in Naples along with his wife and 2 children.
He owns a auto parts company Flux-N-Gate and a sports franchise Jacksonville Jaguars.
Early Life And Education
He completed his early education in Lahore, Pakistan and involved into his family business of construction for some time.
His mother was a Mathematics professor in a college and father was associated to the construction business.
In 1980 he moved to US at the age of 16 having only $500 and a plane ticket in his pocket and of course some dreams. He took admission in the University of Illinois.
His first job was washing dishes in a hotel at $1.20 for an hour.
He was graduated from the UIUC College of Engineering in Bsc in Mechanical science and was later awarded as the distinguished Alumni in 1999.
“As an engineer, I learned that a long time ago: you don’t want to get into a rational discussion about irrational subjects.” Shahid Khan
Business Careers
Flux-N-Gate
While attending the university of Illinois Khan worked at the automotive company Flux-N-Gate as a mechanical engineer.
Later he was hired as an engineer director at the company and started his professional career after graduation.
Khan later left the company and started designing the light weight bumpers for different customized cars and pick up trucks.
After some time he purchased the Flux-N-Gate from his Ex employer and worked on the development and growth of the company.
He started making bumpers of high quality and light weight with modern techniques and initially started making some bumpers for Toyota pickup trucks and other customized cars.
he kept working with Toyota and at a time became the sole supplier of bumpers and some other auto parts for Toyota line in USA.
Company capacity was boosted by new manufacturing plants and the process of making auto parts boosted in days and hence he started making Billions out of it.
In 2018, with a revenue of $8.3B, company was listed as the 49th biggest company in the USA according to Forbes and became the face of “American Dream to rise again.”
A new design shaped Bumper changed his life and he spread the company to 64 plants worldwide with approximately 24,000 employees.
Jacksonville Jaguar
In 2011, Mr. Shahid purchased the Jacksonville Jaguar from franchise owner Wayne Weaver in $760 million by making a deal and taking the sole ownership of the franchise.
I love it. In the NFL, you win or you lose, and the money still shows up.
Shahid Khan
National Football league team approved the ownership in December 2011 and Shahid Khan became the first noon ethnic owner of any NFL team in the history.
He became the point of focus when he criticized Trumps policies over Visa immigration and protested against him along with his team players by not standing in National Anthem.
TIAA Bank Feild stadium is considered to be the home of Jacksonville team for training and other events.
Trump and Shahid Khan
According to Forbes, Trump is now standing at 275th position among the top richest businessman in USA and all of the Trump’s businesses brands are continuously going in loss.
After assuming office, Trump is not allowed to make foreign deals in his Real state business and in a year it has declined from $170m to $80m.
Shahid Khan now owns some other business too including his Elite Wrestling promotion under his son Tonny Khan and is serving world wide with some big names like Matt and Nick jackson.
Khan stood globally for charity events in America and Pakistan for natural crisis and disasters.
He believes in paying back to the countries by whom he is standing among the list of billionaires.
He is also a strong financial provider of Black news channel.
