Shahid Khan Becomes 66th Richest Billionaire in the US

Forbes has ranked Shahid Khan, a Pakistani-born American billionaire businessman and sports tycoon, as the 66^th wealthiest man in the US.

According to the Forbes 400 Wealthiest Americans, Shahid Khan has a total net worth of $7.8 billion.

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Now 70, Shahid moved to the US back in 1967 aged 16 to study at the University of Illinois at Urbana–Champaign (UIUC).

In 1971, he graduated with a BSc in Industrial Engineering from the UIUC’s Grainger College of Engineering.

Shahid started working at the automotive parts manufacturing company Flex-N-Gate during his university days.

Shahid bought auto parts supplier Flex-N-Gate from his former employer in 1980.

Flex-N-Gate is now the 7^th largest US automotive parts supplier company and 33^rd largest supplier in the world. It is the 49^th largest privately held US company with an annual turnover of $8.3 billion.

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In 2012, Shahid purchased Jacksonville Jaguars in the NFL, a professional American football league, for an estimated $760 million.

Shahid bought Fulham, a London-based football club in 2013, for an undisclosed amount.

According to Forbes, the 400 richest Americans now own $3.2 trillion.

Amazon Founder and CEO, Jeff Bezos, with a net worth of $179 billion has been ranked as the richest American for the third year in a row.

Bezos is followed by Microsoft founder Bill Gates with a net worth of $111 billion who is followed by CEO Facebook Mark Zuckerberg with a net worth of $85 billion.