Select Page

Four Seasons Hotel Toronto[/caption] At the end of September 2016, Khan’s net worth was estimated at $6.9 billion by Forbes, which featured him on the magazine’s front cover in 2012. He is the richest person of Pakistan. A naturalized U.S. citizen, Shahid Khan arrived from Pakistan in 1967 at age 16 to study at the University of Illinois. With a B.S. in industrial engineering in 1971, he became Flex-N-Gate’s engineering manager. In 1978, Khan left and with $13,000 in savings and $50,000 from the Small Business Loan Corporation, he created the start-up Bumper Works, which revolutionized the industry through an innovative one-piece bumper design that remains the industry standard. Khan eventually returned to buy Urbana, Illinois-based Flex-N-Gate, which was ranked in 2015 by Automotive News as the 10th-largest original equipment supplier in North America and the 38th largest supplier in the world. Flex-N-Gate employs more than 18,750 people at 55 manufacturing facilities and nine product development and engineering facilities. He acquired the Jacksonville Jaguars from Wayne Weaver in 2012, and the Fulham Football Club from Mohamed Al Fayed in 2013. Khan’s purchase of the Four Seasons Hotel Toronto deepens his business roots in Canada, where Flex-N-Gate operates 11 plants in Ontario. Photo: Shahid Khan, owner of Four Seasons Hotel Toronto, Flex-N-Gate, Jacksonville Jaguars and Fulham Football Club.]]>