⬅ # 169 Judy Love|# 171 Zheng Shuliang

# 170 Shahid Khan 

$11.8B

Real Time Net Worth
as of 6/24/2024
$343 (0.00%)

# 170 Shahid Khan 

$11.8B

Real Time Net Worth
as of 6/24/2024
$343 (0.00%)
OccupationOwner, Flex-N-Gate; Owner, Jacksonville Jaguars
Source of WealthAuto Parts
Age73
ResidenceNaples, Florida
Marital StatusMarried
Children2
EducationBS, University of Illinois, Urbana-Champaign
Age-Adjusted Net Worth$4.92B
Shahid Khan
Shahid Khan
United States
Net worth: $11.8B

Self-Made Score 

Wealth History

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Biography

Overview

Shahid Rafiq 'Shad' Khan, born on July 18, 1950, is a Pakistani-American billionaire businessman and sports tycoon.
Khan immigrated to the United States in 1967 at the age of 16 to study at the University of Illinois at Urbana–Champaign, graduating with a BSc in industrial engineering in 1971.
He is the owner of Flex-N-Gate, an American auto parts supplier with 69 plants worldwide and over 26,000 employees.
In 1980, Khan purchased Flex-N-Gate from his former employer, Charles Gleason Butzow, and expanded it to become a major supplier for Toyota in the United States.
Khan's design for a one-piece truck bumper played a pivotal role in the company's success, which has seen remarkable growth with revenues reaching $8.89 billion in 2020.
Khan's business career highlights include founding Bumper Works in 1978 and launching Flex-N-Gate to become the 46th largest privately held American company by Forbes in 2020.

Sport and Entertainment

In 2012, Shahid Khan became the owner of the NFL's Jacksonville Jaguars for $770 million, making history as the first member of an ethnic minority to own an NFL team.
Khan is a board member of the NFL Foundation and one of three NFL team owners born outside of the United States.
In 2013, he acquired the UK's Fulham F.C. of the Premier League, finalizing the deal for an estimated £150–200 million.
In 2019, Khan and his son, Tony, launched All Elite Wrestling (AEW), a professional wrestling entertainment company and competitor to WWE.
Khan was the majority shareholder in Black News Channel, a network that existed for two years.

Real Estate and Personal Life

Shahid Khan owns the Four Seasons Hotel Toronto and is set to open a new Four Seasons property in Jacksonville in 2026.
Khan is a non-observant Muslim who became a naturalized American citizen in 1991.
He met his wife, Ann Carlson Khan, at the University of Illinois in 1967, and they married in 1977, having two children together—Shanna Khan and Tony Khan.
Khan owns a house in Naples, Florida, an apartment in Chicago's Gold Coast neighborhood, and the superyacht Kismet.

How long would it take you to become as rich as Shahid Khan?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Shahid Khan's net worth of $11.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

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Shahid Khan is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Shahid Khan, Auto Parts is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey