SHAHID KHAN • Net Worth 2023

Shahid Khan Net Worth

Net Worth: $9 Billion
Date of Beginning: Jul 18, 1950 (72 years old)
Gender: Male
Career: Businessperson
Nationality: Pakistan

Shahid Khan web price: Shahid Khan, often known as Shad Khan, is a Pakistani-born entrepreneur who has a web price of $9 billion {dollars}. After coming to the USA with a complete of $500, he earned a fortune promoting automobile bumpers.

Early Life: Born in Lahore, Punjab, Pakistan, Shahid Khan got here to the USA in his late teenagers to attend the College of Illinois at Urbana-Champaign’s College of Mechanical and Industrial Engineering. When he moved to the US, he had $500 to his identify. That $500 represented his household in Pakistan’s whole life financial savings. The dorms weren’t open but, so Shahid discovered a room and a meal on the native YMCA for $2 an evening. Spending the cash made him nervous, so he took a job within the YMCA’s kitchen the place he washed dishes for $1.20 per hour to recoup among the cash spent on room and board. This was a revelation to him, as that meager $1.20 an hour was greater than 99% of the folks in Pakistan made. He washed dishes after class to pay his payments.

Success: After graduating in 1971, he grew to become the engineering director for Flex-N-Gate, an car manufacturing firm. He subsequently began his personal firm, Bumper Works, in 1978. His firm specialised in automobile bumpers and have become so profitable, that he was in a position to buy Flex-N-Gate. The bigger firm grew to become the first provider of bumpers to the most important automobile producers in the USA, after which grew to become the only real provider for Toyota. It has since grown to 48 vegetation, using over 12,000 folks, and pulls in additional than $3 billion per yr.

In 2011 Shahid Khan grew to become the bulk proprietor of the Jacksonville Jaguars NFL group. The sale was finalized in mid-December 2011 and his possession went into impact in 2012. At present he is without doubt one of the hottest homeowners within the NFL. He additionally owns the Fulham Soccer Membership. In Could 2018, Fulham certified for a spot within the Premier League. The second that occurred, Shahid basically earned $125 million which is the annual income share a group proprietor makes within the Premier League. For comparability, he makes $250 million a yr from his NFL rev share.

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