Shahid Rafiq ‘Shad’ Khan, commonly known as Shahid Khan, has an extraordinary journey. He began his career as a dishwasher and eventually became the richest person in Pakistan. Beyond his immense wealth, the Pakistani-American businessman is also one of the world’s biggest sports tycoons. From owning teams in various sports to leading a major automotive manufacturing company, Shahid Khan stands as a towering figure in Pakistan and across Asia. According to a Forbes report, Shahid Khan has an estimated net worth of Rs. 101782 crore.

His Story

Shahid Khan was born on July 18, 1950 into a middle-class family in Lahore. His family was in the construction business, with Shahid’s mother as a mathematics professor, and his father used to run a shop. Shahid’s brother Tariq Rafiq Khan unfortunately passed away in his 20s. After his death the whole responsibility of his family fell on Shahid Khan’s shoulders. At his age of 16, Shahid’s parents sent him to the US for education. He took admission at the University of Illinois at Urbana–Champaign.

While studying in the United States, he also worked as a dishwasher to earn some extra money. He earned a living by washing dishes for $1.20 per hour. Shahid Khan enrolled at Grainger College of Engineering, where he pursued a Bachelor’s degree in industrial engineering. Decades later, in recognition of his remarkable achievements, he was honored with the prestigious Mechanical Science and Engineering Distinguished Alumni Award in 1999.

One of the most inspiring chapters of Shahid Khan’s journey is how he went from being a junior employee at Flex-N-Gate to owning the entire company. While still in college, he worked at the auto parts manufacturer in a junior role. However, his ambition didn’t stop there. Before acquiring Flex-N-Gate in 1980, he launched Bumper Works, a company that quickly made waves in the automotive industry. His success with Bumper Works eventually paved the way for him to buy the very company where he once worked.

Family

Shahid Khan has been married to Ann Carlson Khan, an American social worker and philanthropist, since 1977. Together, they have built a family rooted in business, sports, and philanthropy. The couple has two children, Shanna Khan and Tony Khan.

Shanna is actively involved with the Jaguar Foundation and is also a co-owner of the United Marketing Company. According to multiple reports, her net worth is estimated to be around ₹167 crore. She is married to Justin McCabe, who serves as the Managing Director of Wold Point Advisors in Chicago.

Net Worth

Shahid’s son, Tony Khan, is the owner, CEO, and booker of All-Elite Wrestling (AEW), which is the second-largest wrestling promotion in North America after WWE. According to Forbes, Shahid Khan has an estimated net worth of $13.7 billion. When compared to Reliance Industries CMD Mukesh Ambani, Shahid Khan’s net worth falls short. Ambani is, in fact, the richest person in Asia. According to The Times of India, his net worth stands at USD 101.9 billion—nearly ten times that of Pakistan’s Shahid Khan.