Shahid Khan is known as the billionaire owner of American football teams Jacksonville Jaguarsthe National Football League (NFL), the United States, and the Fulham F.C., of the Premier League, in England.
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But the breakthrough that made him realize his dream of one day owning a sports team came through the success of his own business, Flex-N-Gate.
Get to know the trajectory of the Pakistani owner of the auto parts manufacturer with 64 factories spread around the world and creator of a sports empire.
Who is Shahid Khan
Shahid Khan is a businessman pakistani-american billionaireowner of Flex-N-Gate, a vehicle component supplier.
Khan also owns the Jacksonville Jaguars of the National Football League (NFL) and Fulham FC of the Premier League.
In addition to co-owning the American wrestling promotion All Elite Wrestling (AEW), along with his son, Tony Khan.
His net worth is estimated at $12 billion by Forbes.
life and career
Shahid Rafiq Khan was born on July 18, 1950 in Lahore, Pakistan.
Him moved to the United States in 1967 at age 16 to study at the University of Illinois. In 1971 he graduated from industrial engineering at the institution.
While still a student, Khan began working at the automotive manufacturing company Flex-N-Gate Corporation.
When he graduated, he became the company’s director of engineering.
In 1978, he founded Bumper Workswhich manufactured bumpers for automobiles and repairs.
Em 1980, bought Flex-N-Gate from his former employer bringing Bumper Works into the fold.
The new Flex-N-Gate was specialized in supplying bumpers to assemblers.
In 1984, he began supplying a small number of bumpers for Toyota pickup trucks.
In 1989 it was the only supplier of the entire Toyota line in the United States.
Today, the company is global and operates in dozens of countries, with over 20,000 employees.
Shahid Khan became a naturalized US citizen in 1991.
The first attempt to buy a sports team was in 2010, but the deal to buy part of St. Louis Rams, current Los Angeles Rams, did not work out.
The following year, it initiated the transaction to acquire the Jacksonville Jaguars. The deal estimated at US$760 million was completed in January 2012.
Shahid is also a board member of the National Football League Foundation, the professional league his team plays in.
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In 2013, the businessman acquired control of Fulham FC, an England football team.
The amounts were not revealed, but it is estimated that the acquisition cost somewhere between 150 million pounds and 200 million pounds.
In 2019, he and his son, Tony, launched All Elite Wrestling, a professional wrestling entertainment company and competitor to WWE.
Shahid Khan is Muslim and met his wife, Ann, at the University of Illinois. The two dated for ten years before getting married in 1977 and have two children.
He and his wife are philanthropic leaders in both Jacksonville and Illinois.
Since 2012, the Khans have focused their charitable giving on the Jacksonville community through the Jaguars Foundation.
Where Shahid Khan invests
Most of Shahid Khan’s wealth is derived from his sole ownership of Flex-N-Gate, a privately held auto parts maker with 2022 revenues of $7.9 billion.
Flex-N-Gate is currently ranked by Automotive News as the seventh largest original equipment supplier in North America, the 45th largest supplier in Europe and the 31st largest supplier in the world.
Flex-N-Gate employs more than 23,000 people in 67 manufacturing facilities and nine product development and engineering facilities in the United States, Canada, China, Mexico, Argentina, Brazil, Germany, France and Spain.
Flex-N-Gate’s main product lines include complete bumper assemblies, mechanical assemblies, plastic exterior trims, stamped body and chassis assemblies, front and signal lighting and plastic tailgate assemblies, and complex welded structural assemblies for the light vehicle market.
Khan also owns two professional sports teams, the Jacksonville Jaguars of the National Football League which he purchased for $770 million and is currently valued at $2.9 billion based on an August 2022 report by valuation consultancy Sportico.
Khan is the sole owner, according to an article on the team’s website.
He also owns the English football team Fulham Football Club.
In September 2016, Khan acquired full ownership of the Four Seasons Hotel Toronto, regarded as one of the top destinations in the luxury hotel segment worldwide.
Furthermore, he is one of the main funders of Black News Channel, a 24-hour cable news channel launched in February 2020.
