Shahid Khan makes it to Forbes richest American list. Now a US national, was born into a middle class family of Lahore in 1950. He has now emerged as the 66th richest man in the United States in 2020, with a total worth of $7.8 billion.
The richest man on earth is Amazon founder and CEO Jeff Bezos for the third year in a row, followed by Microsoft founder Bill Gates.
The Forbes list of 400 richest Americans, published on Tuesday, estimates Bezos’ total worth in 2020 as $179bn. Bill Gates fortune estimates at $111bn and Facebook CEO Mark Zuckerberg’s worth stands at $85bn. He is the third on the list.
Shahid Khan, the only Pakistani on the list, is an engineer by profession. He immigrated to the US at age 16 with $500 and currently he owns auto parts supplier Flex-N-Gate and the Jacksonville Jaguars. The 70-year-old also owns English football club Fulham. His design for a one-piece truck bumper was the basis for his success; the company now has 64 plants worldwide and over 24,000 employees. Khan made his first billion at Flex-N-Gate.
Forbes notes that even the Covid-19 pandemic could not prevent America’s 400 richest from making more money in 2020. They are now 8 per cent wealthier than last year, with a record collective net worth of $3.2 trillion.
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