When you are the owner of an NFL franchise, the assumption is that you are probably a busy man with your hand in a lot of different things. Such is the case for Shahid Khan, the owner of the Jacksonville Jaguars. In addition to owning the Jags, Khan’s portfolio is well diversified.
While Khan juggles his other ventures, Khan has quietly turned the Jaguars into a legit contender within the NFL. Khan is a busy man, and when one can do so many things so successfully, he must have built quite a fortune for himself. Let’s take a closer look at Khan’s net worth and how he got to where he is today.
How Did Shahid Khan Make His Fortune?
Before Khan ever entered the professional sports world, he was a highly successful businessman. Business ventures that allowed him to accumulate billions of dollars before stepping into the NFL.
In addition to the Jaguars, Khan is the owner of Flex-N-Gate, a supplier of motor vehicle components in America. Khan purchased the company in 1980 and has since earned worldwide fame when he graced the cover of Forbes magazine in 2012. Since 1980, the business has ballooned from $17 million in sales annually to $2 billion.
How Much Did Khan Purchase the Jacksonville Jaguars For?
Despite ultimately being accepted as an owner in the NFL with the Jaguars, Jacksonville was not the first team that Khan tried to purchase. In 2010, Khan agreed to purchase 60% of the ownership of the St. Louis Rams, which was subject to approval by the NFL owners.
However, minority shareholder Stan Kroenke exercised a clause in his ownership agreement that allowed him to match the bid.
Kroenke’s move forced Khan to move on to the Jaguars, where he eventually bought the Jacksonville franchise two years later for $770 million. Khan was unanimously accepted by the owners around the league, and the deal became official in 2012.
What Are the Jaguars Worth Today?
According to Forbes, which provides the valuations of NFL franchises, the Jaguars are worth a reported $4 billion as of 2023. In just 11 seasons since Khan took over the franchise, the valuation of the team has ballooned to almost three times more than what he originally bought it for.
Khan is a shrewd businessman, and when he was first denied a chance to own the Rams in 2010, it did not deter him from continuing to find a way into the NFL. As he sits here in 2023, Khan surely has zero doubts about the return on his investment.