Shad Khan was already one of the wealthiest people in the world but he became even richer in the past year, according to Forbes magazine’s annual World’s Billionaires list.
The magazine said Khan is worth $13.4 billion, up from $12.2 billion last year, in a story posted on its website April 1.
While his wealth increased, the Jacksonville Jaguars owner’s ranking on the list of billionaires slipped from 162nd in 2024 to 175th this year.
The number of billionaires around the world increased by 247 in the past year to 3,028 on this year’s list, Forbes said.
Besides owning the Jaguars, Khan’s other significant investment is Illinois-based auto parts company Flex-N-Gate Corp.
Forbes estimates Flex-N-Gate’s annual revenue at $8.9 billion and ranked it 58th on a list of America’s Top Private Companies in 2024.
Khan’s predecessor as Jaguars owner, Wayne Weaver, maintained his wealth at $1.2 billion, according to Forbes.
However, his ranking on the list of billionaires fell from 2,410th in 2024 to 2,623rd this year.
Since selling his majority interest in the Jaguars to Khan in 2012, Weaver’s main business is footwear retailer Shoe Carnival Inc.
Weaver is chairman of Evansville, Indiana-based Shoe Carnival and its largest shareholder, controlling 33.8% of the stock along with his wife, Delores.
One former Jacksonville resident on the billionaires list, Bill Foley, significantly increased his wealth, according to Forbes.
The chairman of Jacksonville-based Fidelity National Financial Inc.’s wealth grew from $1.8 billion last year to $2.8 billion in 2025, and his ranking improved from 1,764th to 1,305th.
Foley is known for a wide range of business deals with several companies besides Fidelity. He is executive chairman of Jacksonville-based Dun & Bradstreet Holdings Inc., which agreed to a $7.7 billion buyout offer from investment firm Clearlake Capital Group March 24.
Foley relocated his principal residence from Jacksonville to Las Vegas after being awarded a National Hockey League franchise in that city in 2016.