Shahid Khan Net Worth is$2.5 Billion
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Profession: Businessperson
Date of Birth: 1950
Ethnicity: Pakistani people
Country: Pakistan
What is Shahid Khan's net worth? Shahid Khan's net worth is $ 2.5 billion dollars. Born in Lahore, Punjab, Pakistan, Shahid Khan came to the United States in his late teens to attend the University of Illinois at Urbana-Champaign's School of Mechanical and Industrial Engineering. After graduating in 1971, he became the engineering director for Flex-N-Gate, an automobile manufacturing company. He subsequently started his own company, Bumper Works, in 1978. His company specialized in car bumpers and became so successful, that he was able to purchase Flex-N-Gate. The larger company became the primary supplier of bumpers to the major car manufacturers in the United States, and then became the sole supplier for Toyota. It has since grown to 48 plants, employing over 12,000 people, and pulls in $3 billion per year. Shahid Khan recently became the majority owner of the Jacksonville Jaguars NFL team. The sale was finalized in mid-December 2011 and his ownership will go into effect in 2012.
Shahid Khan (born c. 1950) is a Pakistani-born American businessman. He is the owner of the Jacksonville Jaguars of the National Football League (NFL) and owner of automobile parts manufacturer Flex-N-Gate Corp. in Urbana, Illinois.
Khan was born in Lahore, Pakistan, and moved to the United States when he was 16 to study at the University of Illinois at Urbana-Champaign. He said he spent his first night in a $2/night room at the Champaign YMCA and that his first job in the United States was washing dishes for $1.20 an hour. He joined the Beta Theta Pi fraternity at the school. He graduated from the UIUC School of Mechanical and Industrial Engineering with a BSc in 1971.
Khan worked at the automobile manufacturing company Flex-N-Gate while 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 customizing pickup trucks and body shop repairs. The transaction involved a $50,000 loan from the Small Business Loan Corporation and $16,000 in his savings.
In 1980 he bought his former employer Flex-N-Gate, 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 Toyota pickups. By 1987 it was the sole supplier for Toyota pick ups and by 1989 it was the sole supplier for the entire Toyota line in the United States. Toyota Sensei instruction drastically transformed the 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.
By 2011, Flex-N-Gate had 12,450 employees and 48 manufacturing plants in the United States and several other countries, and took in $3 billion in revenue.
Khan has received a number of awards from the University of Illinois, including a Distinguished Alumnus Award in 1999 from the Dep

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Shahid Khan Latest News

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Shahid Kapoor flaunts his clothing line on social media

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Posted: October 21, 2016, 5:48 am

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Posted: October 21, 2016, 5:00 am
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