Jacksonville Jaguars owner Shad Khan is 70th richest in U.S., Forbes says

Jacksonville Jaguars owner Shad Khan had a good year financially ― as he has every year since 2022.

Khan's net worth has been estimated at $16.5 billion by Forbes on its annual list of the 400 richest Americans

released on Sept. 15, making him No. 70 in the country and tied for 13th among all U.S. sports team owners with Peter Mallouk, owner of Sporting Kansas City and a minority owner of the Kansas City Royals.

Khan's net worth, as estimated by Forbes, increased 23 percent over 2025.

Khan is sixth among NFL owners, behind Rob Walton (Denver Broncos, $132 billion), David Tepper (Carolina Panthers, $28.8 billion), Stan Kroenke (Los Angeles Rams, $27.6 billion), Jerry Jones (Dallas Cowboys, $23.5 billion) and Stephen Ross (Miami Dolphins, $21.5 billion).

Khan declined to comment through a spokesman. He historically does not comment on his personal finances.

Khan went up four spots from 74th on the Forbes 400 last year. He has been as high as 64th, in 2024, and since his net worth dropped from $8 billion in 2021 to $7.6 billion in 2022, it has increased every year and more than doubled in four years.

Shad Khan is a rags-to-riches story

Khan is also 13th among billionaires who immigrated to the U.S. A native of Pakistan, Khan came to America at the age of 16 to attend college at the University of Illinois, famously worked as a dishwasher and stayed at the YMCA for $2 per night, but got an engineering degree and worked at Flex-N-Gate.

While the engineering director of the company, Khan developed a "one-piece" truck bumper and eventually bought out the Flex-N-Gate owner. The company now has 76 worldwide plants and more than 27,000 employees.

Khan bought the Jaguars from Wayne Weaver in 2011 for $770 million. Last week, CNBC listed the team's valuation at $9.3 billion, 22nd among NFL teams, with revenue of $655 million last year.

Khan also owns Fulham, a British soccer team, and he and his son Tony co-own AEW Wrestling, which they bought in 2019.

Who are the richest men in America?

Once again, Elon Musk (Tesla, SpaceX) is the richest man in America, and it's not close. His net worth is estimated by Forbes at $908 billion, with Amazon owner Jeff Bezos far behind at $378 billion.

Larry Page (former CEO of Google parent company Alphabet) is next at $278 billion, followed by Michael Dell (Dell Technologies, $263 billion), Sergey Brin (board member and controlling shareholder of Alphabet, $256 billion), Mark Zuckerberg (Facebook, $212 billion) and Larry Ellison (Oracle, $204 billion).

What is President Donald Trump's net worth?

Forbes listed President Trump at No. 245 among American billionaires with a net worth of around $7 billion. The President's net worth was $2.3 billion in 2024, when he ran for a second term, and increased to $5.1 billion in 2025.

Mr. Trump is the fourth-wealthiest Floridian, with Ross No. 1.

How does Forbes calculate its 400 list?

In a statement on its website, Forbes explained its methodology:

"When possible, we met with Forbes 400 members in person or spoke with them virtually or by phone. We also interviewed their employees, handlers, asset managers and financial advisors, rivals, peers and attorneys.

"Uncovering their fortunes required us to pore over thousands of Securities and Exchange Commission documents, court filings, probate records and news articles. We took into account all types of assets: stakes in public and private companies, real estate, art, yachts, planes, ranches, vineyards, jewelry, car collections and more. We deducted debt and excluded funds donated to charitable foundations and donor-advised funds. Net worths for the 2026 Forbes 400 list are as of September 4, 2026.

"While some billionaires provided documentation for their assets and companies, others were less forthcoming. To value private businesses, we coupled revenue or profit estimates with prevailing price-to-sales, price-to-earnings or similar ratios for comparable public companies and applied a 10% liquidity discount.

"For venture-backed companies and other businesses that had not recently sold equity stakes to investors, we adjusted valuations based on a variety of factors, including how their shares are trading on secondary markets, in partnership with Caplight, Notice.co and PM Insights; how institutional investors have marked their holdings in the company; and how the sector in which they operate has fared in the time since the companies’ latest funding round. Our valuations of companies with recent funding rounds are generally based on those transactions."

This article originally appeared on Florida Times-Union: Jacksonville Jaguars owner Shad Khan is 70th richest in U.S., Forbes says