JACKSONVILLE, Fla. – Most people know that Shad Khan owns the Jaguars, but they might not know where his fortune came from.
Khan is the owner of car parts supplier “Flex-N-Gate,” which he bought in 1980.
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The company supplies one-piece bumpers that Khan designed for customized pickup trucks to major automakers General Motors, Ford, Chrysler and Toyota.
Khan has been successful in the auto industry. Flex-N-Gate now has 76 plants in eight countries with more than 27,000 employees.
Khan is also a multi-sport team owner.
He bought the Jaguars in 2011 from previous owners Delores and Wayne Weaver. Then in 2013, he bought London’s Fulham Football Club of the Premier League.
In the sports entertainment world, Khan and his son launched “All Elite Wrestling” in 2019. It’s a pro wrestling promotion that competes with WWE.
Locally, Khan bought Lemon Bar and Seahorse Oceanfront Inn in Neptune Beach last summer. And his company purchased the Jacksonville Fairgrounds property near EverBank Stadium.
Khan also owns a Four Seasons Hotel in Toronto and plans to build one here in Jacksonville near the stadium. If all goes as planned, it could open in two years.
According to Forbes, Khan is one of the richest people in the world. He’s No. 162 on the Forbes Billionaires List with a net worth of $12.3 billion.
That’s actually 18 spots lower than he was last year, despite a slight increase in his net worth.