Shahid Rafiq 'Shad' Khan, commonly known as Shahid Khan is the richest person in Pakistan. The Pakistani-American businessman is one of the biggest sports tycoons in the world. From owning teams in different sports to leading an automotive manufacturing company, Shahid Khan is a tall figure in Pakistan and Asia. According to a Forbes report, Shahid Khan has an estimated net worth of Rs. 101782 crore.
Comparing his net worth to Indian billionaires, Shahid Khan is ahead of some renowned names like Azim Premji, Rekha Jhunjhunwala, Mangal Prabhat Lodha, Vikram Lal, Muthoot family, N.R. Narayana Murthy, Nusli Wadia, P.V. Krishna Reddy, Vikas Oberoi, and many more. However, Pakistan's richest man, Shahid Khan is no match in front of India's richest, Mukesh Ambani.
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The Pakistani billionaire, Shahid Khan has a net worth of Rs. 101782 crore, while the Indian business magnate, Mukesh Ambani has Rs. 10.21 lakh crore. Shahid succeeded in surpassing only India's 17th richest person, Azim Premji, who is renowned for spending most of his wealth on philanthropy activities. There's no denying the fact that competing with Indian billionaires, who are in the top 10, is still a distant dream for Pakistan's richest person, Shahid Khan, but he is a visionary, and anything can happen in the coming future.
Moving on to his background, Shahid Khan was born into a middle-class family on July 18, 1950, in Lahore. While his family was in the construction business, Shahid's mother was a mathematics professor, and his father used to run a shop. Shahid also had a brother named Tariq Rafiq Khan, but the latter unfortunately passed away in his 20s. It was a shocking moment for his family, and all the responsibilities fell on Shahid's shoulders. At the mere age of 16, Shahid's parents sent him to the US for education. He took admission at the University of Illinois at Urbana–Champaign.
When Shahid Khan was studying in the United States, he also worked as a dishwasher to earn some extra pocket money. During his time at the University of Illinois, Shahid reportedly joined the Beta Theta Pi fraternity, which helped him transform his overall personality. For graduation, Shahid Khan took admission to Grainger College of Engineering, where he pursued a B.Sc degree in industrial engineering. After some decades, Shahid Khan was bestowed with the prestigious Mechanical Science and Engineering Distinguished Alumni Award in 1999 for all the success he has achieved in his life.
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One of the most inspiring anecdotes from Shahid Khan's life is the fact that he brought the company, Flex-N-Gate, where he worked at a junior post while attending college. Before purchasing Flex-N-Gate in 1980, he founded Bumper Works, which gained significant attention in the automotive market. By 2019, Flex-N-Gate has opened 69 manufacturing plants in different parts of the world. Under Shahid Khan's leadership, Flex-N-Gate became the world's seventh-largest American automotive parts supplier.
Besides Flex-N-Gate, Shahid Khan's major income streams are from his sports teams. The Pakistani billionaire is the owner of two renowned sports teams, Jacksonville Jaguars and Fulham F.C. Not only this, but he is also the co-owner of All Elite Wrestling and is a major shareholder in the Black News Channel.
The billionaire businessman, Shahid Khan is married to an American social worker and philanthropist, Ann Carlson Khan. Shahid and Ann Carlson got married back in 1977 and are blessed with two children, Shanna Khan and Tony Khan. Talking about his daughter, Shaana is actively involved with the Jaguar Foundation and co-owns the United Marketing Company. As per multiple reports, Shanna's net worth is around Rs. 167 crore. She is married to Justin McCabe, who is Managing Director of Wold Point Advisors in Chicago.
Shahid Khan's son, Tony Khan is an American businessman just like his sister, Shanna Khan. He is the founder and co-owner of the All Elite Wrestling. (AEW). Not only this, Tony is also the chairman of TruMedia Networks. Not much is known about Tony's personal life, whether he is married or not. Shahid Khan is living one of the best phases of his life with his family in Florida. The 74-year-old billionaire continues to take his automotive business and heavy investment in sports to another level with visionary steps every now and then.
What are your thoughts on Pakistan's richest person, Shahid Khan and his family background? Let us know.
Also Read: Meet Pakistan's 'Mukesh Ambani', Mian Muhammad Mansha, Born In India, Became PAK's First Billionaire
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