Who is Tony Khan?
Born on October 10, 1982 in Champaign-Urbana, Illinois, USA, Tony Khan is a businessman, best known as the founder and president of the professional wrestling promotion All Elite Wrestling (AEW), which started in 2019 with significant attention in the wrestling world. He is also a co-owner of several professional American Football teams, including the Jacksonville Jaguars of the National Football League (NFL).
Tony Khan’s Wealth
As of the beginning of 2020, Tony Khan’s net worth is estimated to be over $7 billion, earned through success in various business endeavors and investments.
He probably benefited from his father’s success and his father has an estimated net worth of over $8 billion and is considered one of the richest people in the world, certainly the richest man of Pakistani descent.
Beginning of early life, education and career
Tony grew up in Champaign-Urbana and is of Pakistani and American descent, with his American roots on his mother’s side. At a young age, he aspired to follow in the footsteps of his father, who helped him learn the many ways of doing business and money even when he was a child. After graduating from high school, he enrolled at the University of Illinois at Urbana-Champaign, where he pursued a degree in finance.
In operation since 1867, the university is the state’s flagship university, with many notable alumni of the school.
After graduation, Tony enjoyed a life without formal education and undertook some personal ventures. Finally, he decided to follow in his father’s footsteps and in 2012 became part of the NFL team, the Jaguars from Jacksonvillewith his father giving him a spot as co-owner of the team.
Sports and other businesses
The Jacksonville Jaguars are a member of the American Football Conference South (AFC South) division of the NFL, joining the league in 1995.
They had a strong start a few years after joining, although they suffered a long drought which was not broken until 2017 when they made their first finals appearance after failing to reach for 10 years. Tony’s father Shahid purchased the team from businessman J. Wayne Weaver in 2011 for a value of $770 million, and has since increased the value of the team to approximately $1.5 billion. Tony serves as Senior Vice President of Football Technology & Analytics for the team.
Aside from American Football, the father-son duo also watched football, which led them to purchase the Fulham FC team, in which he was appointed Vice Chairman and Director of Football Operations.
The team is known for its run from the 1960s and 2000s when they were one of the top teams in England. He serves as the Vice Chairman and Director of Football Operations. As part of his job, he is responsible for the evaluation, recruitment and signing of potential players for the team.
Tony also founded TruMedia Networks, which develops technology for use in the sports industry. He also manages talent through TruMedia Networks, which since its inception have focused on aspects of entertainment, technology, services, products and more.
All Elite Wrestling
In 2018 Tony explored the possibility of creating a professional wrestling promotion as he has been a lifelong fan of the sport.
After a stellar performance from several independent stars and former World Wrestling Entertainment (WWE) talent, he teamed up with Cody Rhodes and The Young Bucks to recruit wrestlers and promote an upcoming event, which would become All Elite Wrestling (AEW), founded in 2019 Their roster features some of the most talented wrestlers from around the world, including names like Kenny Omega, Jon Moxley and Chris Jericho. The company is known for being home to many stars of WWE’s past and competes directly with them.
In setting up the promotion, Tony also helped land a deal for a weekly television show.AEW dynamite”, labeled by the media as the first professional wrestling promotion with serious financial backing for rival WWE. They started the promotion with a pay-per-view event called Double Or Nothing that set up many of their wrestlers and future storylines.
Father – Shahid Khan
Shahid grew up in Pakistan in a middle-class family who worked in construction. After graduating from high school, he moved to the US, where he studied for a degree in industrial engineering, while working a part-time job to make ends meet.
His first job was with the Flex-N-Gate Corporation, an auto manufacturing company that took him on as one of their engineers after graduation. While there, he opened his first business, Bumper Works, which made custom car bumpers and body repairs for pickup trucks.
The business venture was successful and the money he made led him to buy Flex-N-Gate, growing it into a major supplier of bumpers to much larger car manufacturers. He partnered with Toyota and expanded Flex-N-Gate, making it one of the strongest manufacturing companies in the US.
With the money he made from the company, he started looking for further investments and became interested in buying sports teams, which after many attempts led to the purchase of the Jacksonville Jaguars. He is considered the lead investor under many of his son’s business endeavours, and in 2012 he was featured by “Forbes” as the Face of the American Dream, having managed to become – self-made – a of the richest people in the world.
Tony Khan is single and he doesn’t talk about his romantic endeavors.
When you could take a cruise to the Bahamas with your friends! It was great to visit these 2 friends who are both known for wearing a stellar crimson mask, @RealBrittBaker & @RicFlairNatrBoy. Shoutout to @realmmarshall1 for the photo bomb & @IAmJericho for hosting a great cruise pic.twitter.com/mDzaiZ5u2b
— Tony Khan (@TonyKhan) April 19, 2020
He prefers to keep it away from the public eye, instead focusing on his love of professional wrestling and other sports in his social media accounts. Close friends with many athletes and legends, he makes connections and also has enough money to attend high-profile events.
While he has mainly been a private man, he has also been involved in a war of words against other executives and athletes in the past. On one occasion, Tony had an altercation with professional wrestler Randy Orton, who called out Tony for using his promotion’s name to increase the value of his contract in WWE. He also recently had an online stock exchange with professional American Football player Yannick Ngakoue, out of the player’s frustration that he has not yet been traded by the Jaguars.