Pakistani-American billionaire purchases Jacksonville Jaguars
Shahid Khan, a self-made billionare who immigrated to the United States at 16 from Pakistan, has became the first NFL owner of Pakistani origins after agreeing to purchase the Jacksonville Jaguars, a famous American Football team.
Khan studied at Illinois and worked his way through school while pursuing industrial engineering. At 20, he started his own company using $16,000 he saved and a $50,000 business loan. That was it. That was how he started. His business idea was a simple one: Make a car bumper into one piece instead of several. That way, there would be no rusty welds or small pieces falling apart. It was considered a brilliant innovation, and from that, Khan became a billionaire.