Bloomberg Billionaires Index

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#364 Shahid Khan $5.06B

Random fact: Paid $85 million in back taxes for using forbidden tax shelters.


Khan owns Flex-N-Gate, an Urbana, Illinois, based autoparts manufacturer with about $5 billion in annual sales. The closely held company operates about 50 manufacturing plants in the U.S. He paid $770 million for the NFL’s Jacksonville Jaguars in 2011 and $300 million for London-based Fulham Football Club in 2013.

As of April 21, 2018:
Last change -$17.9M (-0.3%)
YTD change -$437M (-8.0%)
Industry Consumer
Biggest asset Flex-N-Gate
Citizenship United States
Age 67
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Shahid Khan's net worth of $5.06B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Khan's fortune is derived from his sole ownership of Flex-N-Gate, a closely held auto-parts maker that had revenue of $5.28 billion and earnings before interest, taxes, depreciation and amortization of $637 million in 2015, the latest results available as of June 2017. The company financials are according to a person with knowledge of the figures who asked not to be named because the company doesn't publicly disclose the data. The company has debt of $775 million, according to data compiled by Bloomberg. Flex-N-Gate is valued using these financials and the average enterprise value-to-Ebitda multiple of three publicly traded peer companies: Magna, Delphi and Lear.

Khan also owns two professional sports teams. He bought the National Football League's Jacksonville Jaguars in 2011 for $770 million. It's valued at $1.4 billion, based on estimated team revenue; advice from Peter J. Schwartz, a consultant at Anderson Economic Group, which specializes in valuations of franchised industries; and the sale of the Buffalo Bills in 2015 for $1.4 billion.

Khan purchased English soccer team Fulham Football Club for $300 million in 2013. It's valued using an enterprise value-to-sales multiple based on a comparison group of three comparable soccer teams: Arsenal, Juventus Football Club, and Manchester United.

He acquired the Four Seasons Hotel in Toronto in September 2016 and it's valued at the acquisition price of 225 million Canadian dollars. Khan also owns a 9,000 square foot apartment in Chicago, which is valued at $10 million based on the average price per square foot of luxury apartments in Chicago. Luxury apartment prices are taken from Sotheby's, an international realty company.

Jim Woodcock, a spokesman for Khan, said the billionaire declined to comment on his net worth.


Birthdate: 7/18/1950
Family: Married, 2 children
Education: 1971, University of Illinois at Urbana-Champaign, Bachelor's Degree, Engineering

Shahid Khan was born in Lahore, Pakistan, in 1950. His mother was a math professor and his father sold surveying equipment. He moved to the U.S. to study engineering at the University of Illinois, Urbana-Champaign at age 16, and started working at auto-parts maker Flex-N-Gate while in school. He was hired as the engineering director after graduating. He started bumper-maker Bumper Works in 1978, and bought his former employer Flex-N-Gate two years later.

Over the next three decades, Khan expanded the closely held company into a business with about 12,500 employees, 50 manufacturing plants across the U.S. and sales of more than $5 billion. He tried to buy the National Football League's St. Louis Rams in 2010, and failed when billionaire Stan Kroenke exercised his right of first refusal to buy the team. Khan purchased the Jacksonville Jaguars for about $770 million a year later and in 2013 the Fulham Football Club, then of the English Premier League.

He lives in Chicago with his wife, Ann.

  • 1950 Shahid Khan is born in Lahore, Pakistan.
  • 1966 Moves to U.S. to study engineering at University of Illinois, Urbana-Champaign.
  • 1978 Starts car-bumper manufacturing company Bumper Works.
  • 1980 Buys former employer Flex-N-Gate from owner Charles Gleason Butzow.
  • 2010 Attempts to purchase the National Football League's St. Louis Rams.
  • 2011 Acquires the NFL’s Jacksonville Jaguars for more than $750 million.
  • 2013 Buys Fulham, a London-based soccer team.
  • 2016 Buys Four Seasons Hotel in Toronto for C$225 million.