On July 18, 1950, Shahid Rafiq Khan, a multimillionaire businessman and sports mogul was born in Pakistan and the United States.
He is the proprietor of the American provider of automotive components called Flex-N-Gate.
Khan owns the Jacksonville Jaguars of the National Football League (NFL), Fulham F.C. of the Premier League, and All Elite Wrestling (AEW) alongside his son Tony Khan. Khan was portrayed as the personification of the American Dream on the front cover of Forbes magazine in 2012. As of January 2023, Khan’s personal wealth was $11 billion.
Khan came to the nation when he was 16 years old to attend the University of Illinois in Urbana-Champaign.
He spent his first night in the nation at the campus YMCA in a room that cost $2 per night, and his first work was washing dishes for $1.20 per hour when he first arrived.
Khan joined the Beta Theta Pi fraternity at the institution. Khan graduated from the Grainger College of Engineering with a BSc in industrial engineering in 1971. In 1999, the Mechanical Science and Engineering Distinguished Alumni Award was given to him later.
How did Shad Khan become a billionaire?
Khan’s sole ownership of the closely held auto-parts manufacturer Flex-N-Gate is where the majority of his wealth comes from.
Khan’s primary source of income comes from Flex-N-Gate, an Illinois-based supplier of automotive components known for its one-piece truck bumpers and other components utilized by manufacturers BMW, Ford, Nissan, and Toyota. Forbes lists the company as the 69th largest private enterprise in the US, generating $7.9 billion in revenue and employing 26,000 people over 69 facilities.
