Shahid Khan overtakes US president in money race

Aizbah KhanWeb Editor

04th Oct, 2019. 04:40 pm

Pakistani-origin American businessman Shahid Khan has left behind President Donald Trump in riches. His name has been ranked on 61th place with $7.8 billion worth, while Trump is on 275th position with $3, 1 billion worth.

Forbes just released its 2019 edition of the Forbes 400 list, which ranks the richest billionaires in America. The richest American is Amazon CEO Jeff Bezos, who’s worth a staggering $114 billion. Bill Gates joins Bezos in the $100-billionaire club, with a net worth of $106 billion. But the Forbes list looked very different just 37 years ago.

“When Forbes published our first list of the 400 richest Americans back in 1982, the poorest person to make the rarefied club was worth $91 million, while the richest, Daniel Keith Ludwig, topped out at $2 billion,” Catherine Perloff wrote for Forbes. “That wouldn’t even get Ludwig a spot at the bottom of the list today.” On this year’s Forbes 400, the 13 people tied for last place are each worth $2.1 billion.

Shahid “Shad” Khan is a Pakistani-American billionaire businessman. He is the owner of the Jacksonville Jaguars of the National Football League (NFL), Fulham F.C. of the English Football League Championship, and he is lead investor professional wrestling promotion All Elite Wrestling (AEW).

He is also the owner of the automobile parts manufacturer Flex-N-Gate in Urbana, Illinois.

Earlier Shahid Khan was featured on the front cover of Forbes magazine in 2012, associating him as the face of the American Dream.

He was ranked 65th in the Forbes 400 list of richest Americans, and is overall the 224th wealthiest person in the world. He is also the richest person of Pakistani origin.

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