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
National Football League (NFL), the English Football League
Championship team Fulham F.C., and automobile parts manufacturer
Flex-N-Gate in Urbana, Illinois.
Khan was featured on the front cover of
Forbes magazine in 2012,
associating him as the face of the American Dream. As of August
2017, Khan's net worth is over $8.7 billion. He is ranked 70th in the
Forbes 400 list of richest Americans, and is overall the 158th
wealthiest person in the world. He is also the richest person of
1 Early life
3 Jacksonville Jaguars
4 Fulham F.C.
6 See also
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. 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
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 a Muslim.
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
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 Jaguars
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, Florida. 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 NFL
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
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 Carlson) the Distinguished Service Award in 2005
from the University of Illinois Alumni Association.
Forbes list of billionaires
^ 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. Archived from the original
on December 15, 2013. Retrieved October 23, 2013.
^ 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
^ Solomon, Brian (5 September 2012). "Shahid Khan- The New Face Of The
NFL And The American Dream". Forbes.com. Forbes.com LLC. Retrieved
^ Raza, Ahsan (22 September 2012). "Lahore-born entrepreneur among US
richest people". Dawn. Retrieved 25 September 2012.
^ 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. Retrieved December
^ "Jacksonville News Sports and Entertainment -
^ "MechSE Distinguished Alumni".
^ a b Professorship Profiles: Shahid and Ann Carlson Khan Archived
2010-06-26 at the Wayback Machine., Center on Health, Aging and
UIUC College of Applied Health Sciences (retrieved
February 12, 2010).
^ "Who is Shahid Khan?" Archived 2010-03-23 at the Wayback Machine.,
St. Louis Post-Dispatch, February 11, 2010.
^ "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 Archived
2010-02-13 at the Wayback Machine., St. Louis Post-Dispatch, February
^ 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, 2010.
^ Tania Ganguli (November 29, 2011). "Jack Del Rio fired, Jaguars
being sold". The
Florida Times-Union. Retrieved November 29,
^ "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 November
^ "It's Unanimous:
Jacksonville Jaguars Sale to
Shahid Khan Approved".
December 14, 2011. Archived from the original on July 30, 2012.
Retrieved December 14, 2011.
^ Tania Ganguli. "Dream completed: NFL owners approve sale of Jaguars
to Shahid Khan". The
Florida Times-Union. Retrieved December 11,
^ Ryan Moore,
Shahid Khan and the Jacksonville Jaguars: A Harbinger of
Future Minority Ownership in the National Football League? Where To
NFL Foundation Board". Retrieved 7 February 2015.
^ "Shad Khan finalizes purchase of Premier League's Fulham soccer
Florida Times-Union. July 12, 2013. Retrieved July 12,
^ "Fulham: Owner
Shahid Khan wants to take Fulham to 'next level'".
BBC Sport. 13 July 2013. Retrieved 14 July 2013.
Media related to
Shahid Khan at Wikimedia Commons
Founded in 1995
Based and headquartered in Jacksonville, Florida
First-round draft picks
TIAA Bank Field
Wembley Stadium (only in the International Series)
Jaxson de Ville
Roar of the Jaguars
River City Relay
Division championships (3)
Current league affiliations
League: National Football League
Conference: American Football Conference
Division: South Division
Current owners of the National Football League
American Football Conference
Kim Pegula (Buffalo Bills)
Stephen M. Ross
Stephen M. Ross (Miami Dolphins)
Robert Kraft (New England Patriots)
Woody Johnson (New York Jets)
Steve Bisciotti (Baltimore Ravens)
Mike Brown (Cincinnati Bengals)
Dee Haslam (Cleveland Browns)
Rooney family (Pittsburgh Steelers)
Bob McNair (Houston Texans)
Jim Irsay (Indianapolis Colts)
Shahid Khan (Jacksonville Jaguars)
KSA Industries (Tennessee Titans)
Pat Bowlen (Denver Broncos)
Clark Hunt (Kansas City Chiefs)
Alex Spanos (Los Angeles Chargers)
Mark and Carol Davis (Oakland Raiders)
National Football Conference
Jerry Jones (Dallas Cowboys)
John Mara and
Steve Tisch (New York Giants)
Jeffrey Lurie (Philadelphia Eagles)
Daniel Snyder (Washington Redskins)
Virginia Halas McCaskey (Chicago Bears)
Martha Firestone Ford (Detroit Lions)
Green Bay Packers, Inc.
Green Bay Packers, Inc. (governed by a Board of Directors) (Green Bay
Zygi Wilf (Minnesota Vikings)
Arthur Blank (Atlanta Falcons)
Jerry Richardson (Carolina Panthers)
Gayle Benson (New Orleans Saints)
Glazer Family (Tampa Bay Buccaneers)
Bill Bidwill (Arizona Cardinals)
Stan Kroenke (Los Angeles Rams)
John and Denise York (San Francisco 49ers)