JACKSONVILLE, Fla. — Jaguars owner Shad Khan is back among the top five wealthiest NFL owners, thanks to an increase of $4.5 billion in his net worth according to Forbes's annual survey of the world’s billionaires.
Khan has a net worth of $12.1 billion, making him the fifth-richest NFL owner and No. 2 in the AFC. The increase from his estimated net worth of $7.6 billion is more than 50 percent and the largest single-year increase for Khan since he purchased the Jaguars.
Forbes credited Khan with an increase from $5.9 billion in 2016 to $8.2 billion in 2017.
Khan would be first among AFC owners had it not been for the purchase of the Denver Broncos by Walmart heir Rob Walton last fall, who jumped to the top of the list with a $57.6 billion net worth.
Carolina Panthers owner David Tepper ($18.5 billion), Dallas Cowboys owner Jerry Jones ($13.3 billion) and Los Angeles Rams owner Stan Kroenke ($12.9 billion) rank ahead of Khan.
Khan easily wins the AFC South, however. Indeed, he's worth more than the rest of the division's owners combined. The McNair family in Houston is worth $4.4 billion, Indianapolis Colts owner James Irsay is worth $3.9 billion and Tennessee Titans owner Amy Adams Strunk is worth $1.7 billion.
Forbes did not offer any specifics on how Khan increased his fortune, which ranks 144th in the world. Khan’s rise to being among the world’s billionaires began when he purchased auto parts supplier Flex-N-Gate in 1980 and designed a one-piece truck bumper. According to Forbes, Khan has 69 plants worldwide and more than 26,000 employees.
He also owns the Fulham soccer club in England and AEW Wrestling with his son, Tony.
Khan purchased the Jaguars in 2012 for about $770 million. Since 2014, his fortune, as compiled by Forbes, has more than tripled from $4.1 billion. The latest figure also bounced back from a loss of around $400 million from 2021 to 2022.