AEW Owner Shahid Khan Only Earned $1.20 An Hour For His First American Job
While still in school, Shahid began working as an engineer at Flex-N-Gate, an American automotive parts supplier. He moved on from the company in 1978 to start a similar business called Bumper Works, which found widespread success when they created a car bumper that is still implemented in designs today. He parlayed that success into more, coming back to Flex-N-Gate and buying out the company at the time they were going bankrupt. Today, Flex-N-Gate is recognized as one of the largest American automotive parts suppliers, ranked by Forbes as the 68th largest American private company in 2022, with 8.9 billion USD in revenue in 2020. He is also the owner of the Fulham F.C. London soccer club and The Jacksonville Jaguars, establishing him as the first member of an ethnic minority to own an NFL team.
In 2019, professional wrestling fans rejoiced when it was announced that Shahid and his son, Tony, would be the lead investors for All Elite Wrestling, a nationally televised wrestling show offering alternative programming to WWE. Tony serves as the President and CEO of the company and is the final call when it comes to creative decisions for the product. Their main show, “Dynamite,” currently airs on TBS and hovers around 1 million viewers from week to week, while their secondary show “Rampage” airs each Friday on TNT and has suffered a significant decline in viewership over the past year.
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