Jacksonville Jaguars Owner Shad Khan’s Net Worth Rises to $13.3 Billion, Fifth Among NFL Owners

Jacksonville Jaguars owner Shad Khan has seen his wealth grow by over a billion dollars since April, maintaining his position as the fifth-richest NFL owner. Khan’s net worth is now estimated at $13.3 billion, up from $12.2 billion earlier this year.

Khan ranks behind NFL owners David Tepper of the Carolina Panthers ($21.3 billion), Stephen Ross of the Miami Dolphins ($17 billion), Stan Kroenke of the Los Angeles Rams ($16.9 billion), and Jerry Jones of the Dallas Cowboys ($15.2 billion).

Among the wealthiest Americans overall, Khan is ranked 64th. The top three spots are held by Tesla and SpaceX founder Elon Musk ($244 billion), Amazon founder Jeff Bezos ($197 billion), and Facebook founder Mark Zuckerberg ($181 billion).

Microsoft CEO Steve Ballmer, owner of the NBA’s Los Angeles Clippers, is the richest professional sports owner in the U.S. with a net worth of $123 billion. In Major League Baseball, the wealthiest owner is Steve Cohen of the New York Mets, who is worth $21.3 billion.

Khan, known for keeping his personal finances private, initially built his fortune through Flex-N-Gate, a truck bumper company with 76 facilities and over 27,000 employees worldwide. In addition to owning the Jaguars, Khan also owns the Fulham soccer team in England and co-owns AEW Wrestling with his son, Tony.

In June, Khan and the city of Jacksonville reached an agreement in which the city will contribute $775 million towards the construction of a new stadium, covering 55 percent of the cost, with Khan financing the remaining portion.

Despite Khan’s high hopes for the team, proclaiming before the season that it was “the best team assembled by the Jaguars” with the expectation of winning, the Jaguars have started the season 0-4.

In August, the Jaguars ranked 26th in the list of NFL team valuations, estimating the franchise’s worth at $4.6 billion, a 15 percent increase from the previous year. The team’s revenue in 2023 was reported at $567 million, with an operating income of $139 million. The value of the Jaguars has risen significantly since Khan purchased the team from Wayne Weaver for $770 million, with the current valuation reflecting an increase of nearly $4 billion.

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