Shahid Khan, Pakistani-American businessman among the richest in America

Shahid Khan owns one of the world’s biggest car bumper manufacturer Flex ‘n’ Gate

Shahid Khan, a Pakistan American businessman, was ranked at 66th spot by Forbes in the list of top 400 wealthiest Americans.  Khan, who owns Flex ‘n’ Gate which makes auto parts, has a net worth of $7.8 billion. Along with his primary business, he is also invested in sports. He owns wrestling league, Fulham FC in English Premier League (EPL) and Jacksonville Jaguars in the National Football League (NFL). He is the first ethnic minority owner of an NFL team.

Jeff Bezos, the founder of online retail giant Amazon, is on the top of the list with a whooping net worth of $179 billion. Former Microsoft CEO and founder Bill Gates is second with $111 billion while founder of Facebook Mark Zuckerberg is third with a net worth of $85 billion.

U.S President Donald Trump occupies the 275th spot on the list and has dropped a few spots from last year. Controversial owner of SpaceX and automaker Tesla, Elon Musk jumped 16 spots to reach the seventh place on the list. His net worth rose to $68 billion, an increase of more than $41 billion in one year.

Self-made billionaire

Shahid Khan is the wealthiest Pakistani in terms of declared worth. He went to use in the mid to late 1960s and went to engineering school. He had little in terms of financial resources and had to resort to odd jobs initially. After completing his studies, he joined Flex ’n’ Gate in the early 1970s. He bought the company in 1980 with his savings and a bank loan. His big success came when he improved open the existing design of car bumpers. Within a few years, he was supplying bumpers to some of the biggest auto manufacturers in the U.S. Since then he has gained from strength to strength and now has more than 50 production and research and development facilities across the globe.   

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