SHAHID KHAN (Urdu : شاہد خان; born July 18, 1950), also
known as SHAD KHAN, is a
Pakistani-American billionaire and business
tycoon. He is the owner of the
Jacksonville Jaguars of the National
Football League (NFL), the English
Football League Championship
Football League Championship team
Fulham F.C. , and automobile parts manufacturer
Flex-N-Gate in Urbana,
Khan was featured on the front cover of
Forbes magazine in 2012,
associating him as the face of the
American Dream . As of 2017,
Khan's net worth is over $8.5 billion. He is ranked￼￼ overall as
the 156th wealthiest person in the world . He is the richest person
of Pakistani origin .
* 1 Early life
* 5 Recognition
* 6 See also
* 7 References
* 8 External links
Khan was born in
Lahore , Pakistan, to a middle-class family who were
involved in the construction industry. His mother (now retired) was a
professor of mathematics. He moved to the
United States in 1967 at
age 16 to study at the
University of Illinois at Urbana–Champaign
University of Illinois at Urbana–Champaign .
When he came to the United States, he spent his first night in a
$2/night room at the University Y-
YMCA , and his first job was
washing dishes for $1.20 an hour. He joined the Beta Theta Pi
fraternity at the school. He graduated from the UIUC College of
Engineering with a BSc in
Industrial Engineering in 1971. He later was
awarded the Mechanical Science and Engineering Distinguished Alumni
Award in 1999. Khan became a US citizen in 1991. He is
Khan worked at the automotive manufacturing company
attending the University of Illinois. When he graduated he was hired
as the engineering director for the company. In 1978, he started
Bumper Works, which made car bumpers for customized pickup trucks and
body shop repairs. The transaction involved a $50,000 loan from the
Small Business Administration
Small Business Administration and $16,000 in his savings.
In 1980, he bought
Flex-N-Gate from his former employer Charles
Gleason Butzow, bringing Bumper Works into the fold. Khan grew the
company so that it supplied bumpers for the Big Three automakers . In
1984, he began supplying a small number of bumpers for
By 1987 it was the sole supplier for
Toyota pickups and by 1989 it was
the sole supplier for the entire
Toyota line in the United States.
Toyota Way increased company efficiency and ability to
change its manufacturing process within a few minutes. Since then
the company has grown from $17 million in sales to an estimated $2
billion in 2010.
Flex-N-Gate had 12,450 employees and 48 manufacturing plants
United States and several other countries, and took in $3
billion in revenue.
In May 2012, the
Occupational Safety and Health Administration fined
Flex-N-Gate $57,000 for health violations at its Urbana plant.
Khan's first attempt to purchase a
National Football League
National Football League team came
on February 11, 2010, when he entered into an agreement to acquire 60%
St. Louis Rams
St. Louis Rams from
Chip Rosenbloom and Lucia Rodriguez,
subject to approval by other NFL owners. However,
Stan Kroenke , the
minority shareholder of the Rams, ultimately exercised a clause in his
ownership agreement to match any proposed bid.
On November 29, 2011, Khan agreed to purchase the Jacksonville
Wayne Weaver and his ownership group subject to NFL
approval. Weaver announced his sale of the team to Khan later that
same day. The terms of the deal were not immediately disclosed, other
than a verbal commitment to keep the team in Jacksonville ,
The sale was finalized on January 4, 2012. The purchase price for
100% share in the Jaguars was estimated to have been $760 million.
The NFL owners unanimously approved the purchase on December 14, 2011.
The sale made Khan the first member of an ethnic minority to own an
Khan is a board member of the
NFL Foundation .
In July 2013, Khan negotiated the purchase of the London soccer club
Fulham of the
Premier League from its previous owner, Mohamed Al Fayed
. The deal was finalized on July 12, 2013, with the amount estimated
between £150–200 million. An official purchase price for the club
was not announced with Khan stating that it was "highly confidential".
Khan has received a number of awards from the University of Illinois,
including a Distinguished Alumnus Award in 1999 from the Department of
Mechanical Science and Industrial Engineering, the Alumni Award for
Distinguished Service in 2006 from the College of Engineering , and
(with his wife, Ann) the Distinguished Service Award in 2005 from the
University of Illinois Alumni Association .
Forbes list of billionaires
List of Pakistanis by net worth
* ^ Kurt Badenhausen. "Shahid Khan". Forbes.
* ^ A B C D E F G "Shahid Khan: From
Pakistan to pro-football", 60
Minutes profile of Khan (aired October 28, 2012)
* ^ "New jaguar cub at zoo shares birthday with Shad Khan".
fox30jax.com. Fox 30 News. August 12, 2013. Retrieved October 23,
* ^ Solomon, Brian (5 September 2012) Shahid Khan: The New Face Of
The NFL And The
American Dream Forbes
* ^ A B "
Shahid Khan -
Forbes profile". Forbes.com. Forbes.com LLC.
* ^ Solomon, Brian (5 September 2012). "Shahid Khan- The New Face
Of The NFL And The American Dream". Forbes.com. Forbes.com LLC.
* ^ Raza, Ahsan (22 September 2012). "Lahore-born entrepreneur
among US richest people".
Dawn (newspaper) . Retrieved 25 September
* ^ A B C James P. Womack and Daniel T. Jones, Lean Thinking:
Banish Waste and Create Wealth in Your Corporation, Free Press , 2nd
ed., 2003, ISBN 0-7432-4927-5 .
* ^ A B Sandomir, Richard (December 1, 2011). "Jaguars Buyer Had
His Eye on Ownership of a Franchise".
The New York Times
The New York Times . Retrieved
December 1, 2011.
* ^ "Jacksonville News Sports and Entertainment -
* ^ "MechSE Distinguished Alumni".
* ^ A B Professorship Profiles: Shahid and Ann Carlson Khan, Center
on Health, Aging and Disability, UIUC College of Applied Health
Sciences (retrieved February 12, 2010).
* ^ "Who is Shahid Khan?",
St. Louis Post-Dispatch
St. Louis Post-Dispatch , February 11,
* ^ "Getting to know Shad Khan",
Jacksonville Jaguars official
website, December 15, 2011.
* ^ Donald P. Cushman and Sarah Sanderson King, Continuously
Improving an Organization\'s Performance: High-Speed Management, State
University of New York Press , 1997, ISBN 0-7914-3311-0 .
* ^ Thomas H. Klier and James Rubenstein, Who Really Made Your Car?
Restructuring and Geographic Change in the Auto Industry, W.E. Upjohn
Institute for Employment Research , 2008, ISBN 0-88099-334-0 .
* ^ A B Rams will be sold to Illinois businessman Shahid Khan, St.
Louis Post-Dispatch , February 11, 2010.
* ^ Wade, Patrick. "OSHA fines
Flex-N-Gate $57,000". The
News-Gazette . Retrieved 15 June 2012.
* ^ "
Stan Kroenke is new Rams owner", AP at
ESPN.com , August 25,
* ^ Tania Ganguli (November 29, 2011). "Jack Del Rio fired, Jaguars
being sold". The
Florida Times-Union . Retrieved November 29, 2011.
* ^ "Not a doubt in Weavers\' mind that team will stay in
Jacksonville". November 29, 2011. Retrieved 29 November 2011.
* ^ "Sold for 760 Million". November 29, 2011. Retrieved 29
* ^ "It\'s Unanimous:
Jacksonville Jaguars Sale to Shahid Khan
Approved". December 14, 2011. Retrieved December 14, 2011.
* ^ Tania Ganguli. "Dream completed: NFL owners approve sale of
Jaguars to Shahid Khan". The
Florida Times-Union . Retrieved December
* ^ Ryan Moore,
Shahid Khan and the Jacksonville Jaguars: A
Harbinger of Future Minority Ownership in the National Football
League? Where To Watch
* ^ "The
NFL Foundation Board". Retrieved 7 February 2015.
* ^ "Shad Khan finalizes purchase of Premier League\'s Fulham
soccer club". The
Florida Times-Union. July 12, 2013. Retrieved July
* ^ "Fulham: Owner
Shahid Khan wants to take Fulham to \'next
level\'". BBC Sport. 13 July 2013. Retrieved 14 July 2013.