When you are the owner of an NFL franchise, it’s expected that you are probably a busy man with your hand in a lot of different things. That is no different for Shahid Khan, owner of the Jacksonville Jaguars. In addition to owning the Jags, Khan’s portfolio is well diversified.
While managing his various ventures, Khan has quietly transformed the Jaguars into a legitimate NFL contender. Balancing multiple endeavors, Khan has achieved remarkable success, amassing an impressive fortune along the way.
Let’s take a closer look at his net worth and the journey that led him here.
How Did Shahid Khan Make His Fortune?
Before entering the world of professional sports, Khan was already a highly successful businessman.
Khan’s ventures allowed him to amass billions before stepping into the NFL.
In addition to owning the Jaguars, Khan is the owner of Flex-N-Gate, a leading motor vehicle components supplier in the U.S. He purchased the company in 1980, and by 2012, his success earned him a spot on the cover of Forbes magazine.
Since acquiring the business, its annual sales have grown from $17 million to $2 billion.
How Much Did Khan Purchase the Jacksonville Jaguars For?
Although Khan eventually became the owner of the Jaguars, they weren’t the first NFL team he attempted to purchase. In 2010, Khan reached an agreement to buy 60% of the St. Louis Rams, pending approval from NFL owners.
However, minority shareholder Stan Kroenke exercised a clause in his agreement, allowing him to match Khan’s bid.
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Kroenke’s decision led Khan to shift his focus to Jacksonville, where he ultimately purchased the franchise two years later for $770 million. Khan was unanimously approved by NFL owners, and the deal became official in 2012.
What Are the Jaguars Worth Today?
According to Forbes, the Jacksonville Jaguars are valued at $4.6 billion as of 2024. In just 12 seasons under Shahid Khan’s ownership, the team’s value has nearly tripled from what he originally paid.
The team also recently handed out multiple franchise-record contracts and is working on new stadium renovations through 2028.
A shrewd businessman, Khan didn’t let the setback with the Rams in 2010 stop him from finding his way into the NFL. Now, in 2024, there’s no doubt he’s reaping the rewards of that investment.