How Did Shahid Khan Become Rich? Shahid Khan have multiple business fetching him a lot of money daily, and he’s among Forbes list of 400 most wealthy people on the planet.
Shahid Khan is a Pakistani-American billionaire businessman and sports business tycoon. He was born on July 18, 1950, in Lahore of Pakistan and emigrated into America at age 16 to pursue a Bsc Industrial Engineering at the University of Illinois at Urbana-Champaign.
He became a neutralized American citizen in 1991 following his wedding with White American Ann Carison Khan and the birth of twins, Antony Khan, and Shanna Khan.
How Did Shahid Khan Become Rich?
When Shahid migrated to the United States, his first job was dishwashing, which was earning him $1.20 an hour. Shahid Khan with his personality was a part of a fraternity rush in order to make new acquaintances, study football, and get a better appreciation of basketball from his fellow fraternity brothers.
At the same university, his versatility allowed him to be exposed to a larger group of people while studying for a Bsc. Industrial Engineering. Shahid Khan then met his wife Ann Carison Khan and dated for 10 years.
To earn a living while at school, Shahid Khan started working in a small manufacturing firm known as Flex-N-Gate. Shahid Khan worked along with David Kirkolis to design and fabricate parts for cars, including bumpers. He then brought them to local dealerships to test them.
Khan worked for Flex-N-Gate till 1978. After that, he took an investment from the small-scale business administration, to launch his own business, which he named Bumper Works. He began making bumpers in line with the latest standards, before returning to Flex-N-Gate, to acquire the company that manufactures auto parts.
Flex-N-Gate began to cooperate with Japanese manufacturers, who were exporting trucks with no bumpers to the States before being shipped to market. Khan worked with Southeast Toyota in Jacksonville, due to the quality of the products manufactured through Flex-N-Gate, the American Companies became impressed with their products and began the partnership with Flex-N-Gate. This led to the expansion of the business to a better standard.
Shahid Khan’s fortune started to expand from that point on. He faced some issues in his quest to increase with his finances. He made numerous investments in sports and purchasing NFL teams, which have now been recognized throughout the world.
Shahid Khan now owns Flex-N-Gate, Jacksonville Jaguars of the National Football League (NFL), Fulham F.C. in the EFL Championship, and co-owner of the American wrestling competition All Elite Wrestling (AEW) alongside Tony Khan, his son, Tony Khan.
Khan appeared on the page in Forbes magazine in 2012, declaring him to be the embodiment of the American Dream. As of February 2022, Khan’s net worth is $8.3 billion.
In 2021, he was at 94th on the Forbes 400 list of the richest Americans and 291st most wealthy person on the planet. Khan is the second highest-earning auto parts magnate, behind Georg F. W. Schaeffler, who has an estimated net worth of $11.2 billion. Shahid Khan is also the most wealthy person from Pakistani origin.
Source: Kingaziz.com