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Jaguars owner Shad Khan's net worth gets another bump, according to Forbes 400 ranking
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- Jaguars owner Shad Khan's net worth gets another bump, according to Forbes 400 ranking
Jacksonville Jaguars owner Shad Khan has added another $100 million to his net worth in five months, according to Forbes.
In Forbes' survey of the 400 wealthiest Americans, released on Tuesday, Khan ranked 55th overall with a net worth of $12.2 billion (about $38 per person in the US).
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When Forbes published its survey of the wealthiest people in the world in April, it pegged Khan's net worth at $12.1 billion — a 50 percent increase from 2022, when his net worth was estimated at $7.6 billion.
Khan ranked third in the category of billionaires in the automotive industry. He made his initial fortune by making one-piece truck bumpers with his Flex-N-Gate company, launched in 1980.
Owner Shad Khan talks on the sideline Wednesday, July 26, 2023 at Miller Electric Center at EverBank Stadium in Jacksonville, Fla. Today marked the first day of training camp for the Jacksonville Jaguars.
Shad Khan's backstory: Shahid Khan has true rags to riches American story
Khan ranks behind only the richest man in America, Elon Musk ($251 billion) in that category, and is ahead of Ernest Garcia II, the largest shareholder for Caravan, and Dan Friedkin, who owns Gulf States Toyota.
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Khan also is the fourth-richest person with ties to the state of Florida.
Khan is fifth among NFL owners
Among pro sports owners in America, Khan is ninth. He's fifth among NFL owners, behind Rob Walton and Family ( Denver Broncos , $67.4 billion), David Tepper ( Carolina Panthers , $20.6 billion), Stan Kroenke (L.A. Rams, $14.6 billion) and Jerry Jones ( Dallas Cowboys , $14.5 billion).
Behind Musk on the list of richest Americans are Amazon owner Jeff Bezos ($161 billion), Oracle co-founder Larry Ellison ($158 billion), investor Warren Buffett ($121 billion), Google board member and controlling shareholder Larry Page ($114 billion) and Microsoft founder Bill Gates ($111 billion).
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Former President Donald Trump dropped out of the top-400 list, losing 19 percent of his net worth to $2.6 billion. It took $2.9 billion to make Forbes Top 400 list.
Jaguars' value is $4 billion
Khan purchased the Jaguars for $770 million in 2012. Last month, Forbes estimated the team's value at $4 billion, 28th in the NFL but an increase of more than $3.2 billion since Khan bought the team from Wayne Weaver.
Forbes wrote in April that Flex-N-Gate has 69 plants worldwide and employs more than 26,000 people.
Forbes said its estimates on net worth were calculated by using stock prices as of Sept. 8, interviews with the Forbes 400 members when possible, and interviews with employees, asset managers, financial advisors and attorneys. Forbes also examined documents from the Securities and Exchange Commission, court filings, probate records and news articles.
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Khan, ranked as the 144th richest man in the world in April, also owns the Fulham soccer team and AEW Wrestling with his son, Tony.
This article originally appeared on Florida Times-Union: Jaguars owner Shad Khan ranked ninth among sports team owners in wealth
