Shahid Khan 's Success Story

From the womb of suffering, success is born, provided there is a clear future plan. Every successful person, in any field, does not leave the suffering, challenges and frustrations that face him adversely affect him or lose his confidence in his capabilities.

Origins:

Shahid Khan was born in Lahore, Pakistan, on July 18, 1950, in a middle-class family. His father works in the field of industries and construction materials, and his mother is a university professor in mathematics.

Khan could have lived a decent life with his family, but at the age of 16 he decided to emigrate to the United States for the better and try to discover his abilities and talents.

He studied industrial engineering at the University of Illinois, while working as a dishwasher in a restaurant for $ 1.20 an hour; to spend on himself, and out of his studies; graduating before he reached the age of 21, earning his degree in industrial engineering, He graduated as a management engineer at Flex In Jet in the automotive spare parts industry, the same company he also worked in during his studies.

He spent seven years overseeing production and using the engineering prowess to simplify the process, allowing the company's management, which was ignoring innovations in auto parts, to resign in 1978 to establish a company to repair and modify vehicles and install bumpers for cars, And later succeeded in persuading companies such as General Motors that its more innovative and lighter starter was for the imported Isuzu, which was dubbed Chevy Love, as well as the Mitsubishi Chrysler truck.

Peak of Success:

In 1980, Khan managed to buy Flex In Jet, where he worked, to incorporate his business into his own company. The company gradually grew to become the main supplier of car bumpers for Ford, General Motors and Chrysler.

In 1984, Khan began manufacturing bumpers for Toyota's small trucks, and in 1989 his company became the sole supplier of Toyota car bumpers in the United States; sales rose from $ 17 million to about $ 2 billion in 2010.

By 2011, Khan had 12,450 employees and 48 plants in the United States and other countries, with revenues rising to $ 3 billion.

Convert your hobby to Business:

In November 2011, Shahid Khan thought about investing in sports clubs. He planned to buy the Jacksonville Jaguar Football Club and had a $ 760 million stake in January 2012.

In July 2013, Khan entered negotiations with Egyptian billionaire Mohamed Al Fayed to buy Fulham. In the same month, the deal was worth between £ 150 million and £ 200 million. He then bought the Four Seasons Hotel in Toronto for $ 170 million From Saudi businessman Prince Alwaleed bin Talal.

In September 2013, Khan's fortune was about $ 3.8 billion, ranking 122 on the Forbes list among the 400 richest people in the United States and 490 among the wealthiest in the world, and he became the richest businessman of Pakistani origin.