Jacksonville Jaguars owner Shahid Khan’s net worth of $2.5 billion ranks him No. 491 on the Forbes Billionaires worldwide list and No. 164 in the United States.
The Forbes ranking, reported Thursday, lists Khan’s net worth as of this month.
Forbes reports that Khan bought the Jaguars in January for $770 million.
According to Forbes, the 62-year-old Khan’s source of wealth is his auto-parts business and that he is self-made.
Khan owns Flex-N-Gate Corp. in Urbana, Ill.
The “at-a-glance” information also includes his country of citizenship, the U.S.; his education, a bachelor’s degree in arts and science from the University of Illinois at Urbana; and his marital status, married with two children.
According to Forbes:
“New Jacksonville Jaguars owner Shahid Khan tried to buy a majority stake in the St. Louis Rams football team in 2010, but was beat out by fellow billionaire Stan Kroenke. Instead, Khan purchased the Jaguars from Wayne Weaver for $770 million, with the sale finalized in January 2012,” it said.
“Khan is a naturalized U.S. citizen who emigrated from Pakistan for college at age 16. He got his start working at auto parts manufacturer Flex-N-Gate while earning his engineering degree,” it continued.
“He left in 1978 to found his own company, Bumper Works, and created a new one-piece car bumper design that would become the industry standard. Two years later, Khan bought his former employer and merged operations,” it said.
“Flex-N-Gate, still privately held, now takes in more than $3 billion in revenue a year,” Forbes said.
Topping the Forbes list was Carlos Slim Helu and family of Mexico with a net worth of $69 billion from the telecom business.
No. 2 was Microsoft’s Bill Gates, who topped the U.S. list, at $61 billion. No. 3 on the overall list and No. 2 for the U.S. was Warren Buffett of Berkshire Hathaway, at $44 billion.