Jacksonville Jaguars owner Shad Khan’s net worth grew from $12.2 billion a year ago to $14.3 billion as of Sept. 1, Forbes said in a story posted on its website Sept. 9.
Khan, who also owns British soccer team Fulham FC and, along with his son, Tony, the professional wrestling organization All Elite Wrestling, is the 74th wealthiest person in the U.S., Forbes said, but he fell from a ranking of 64th last year and 55th in 2023 on the magazine’s annual list of 400 richest.
Khan ranks 178th among the world’s richest people. He built his fortune with Illinois-based auto parts supplier Flex-N-Gate, which he bought from his former employer in 1980, Forbes said.
He bought the Jaguars in 2012 for an estimated $770 million. Forbes in late August estimated the Jaguars’ value at $5.6 billion, up 22% from 2024.
Elon Musk is the wealthiest person in the U.S., with his net worth jumping from $244 billion a year ago to $428 billion now, followed by Mark Zuckerberg ($216 billion), Jeff Bezos ($215 billion), and Larry Ellison ($192 billion).
Forbes said most of America’s billionaires are getting richer, helped by “surging stock markets and AI mania,” with the total wealth of the 400 rising $1.2 trillion over the past year to $6.6 trillion.
“A decade ago, when it took $1.7 billion to make The Forbes 400, a net worth of $3.8 billion was comfortably within the top half of the ranking — now that lofty sum is the minimum required,” Forbes said.
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