Who is Tony Khan?
Tony Khan was born on 10 October 1982, in Champaign-Urbana, Illinois, USA, and is a businessman, best known for being the founder and president of the professional wrestling promotion All Elite Wrestling (AEW), which began in 2019 with a lot of attention in the wrestling world. He also co-owns several professional American Football teams, including the National Football League’s (NFL) Jacksonville Jaguars.
The Riches of Tony Khan
As of early-2020, Tony Khan’s net worth is estimated to be over $7 billion, earned through success in various business endeavors and investments.
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Tonight in 50 minutes, AEW Dynamite will be live on TNT at 8pm ET/7pm CT from my hometown Champaign, IL. I grew up here, I’ve been to the @statefarmcenter hundreds of times. It’s a dream come true to be back here with @allelitewrestling, I promise tonight you’ll see a great #aewdynamite
He probably benefitted from the success of his father as well as his father has a net worth estimated to be over $8 billion and is considered one of the richest people in the world, certainly the richest man of Pakistani origin.
Early Life, Education, and Career Beginnings
Tony grew up in Champaign-Urbana and is of Pakistani and American descent, with his US roots from her mother’s side. At a young age, he aspired to follow in the footsteps of his father who helped teach him the many ways of business and money, even when he was a child. After matriculating from high school, he enrolled at the University of Illinois at Urbana-Champaign, where he studied for a degree in finance.
The university has been operational since 1867, and is the flagship university of the state, with many notable alumni from the school.
After graduating, Tony enjoyed a life free from formal education and undertook some personal ventures. Eventually, he decided to follow in the footsteps of his father, and in 2012, he became a part of the NFL team, the Jacksonville Jaguars, with his father giving him a spot as a co-owner of the team.
Sports and Other Businesses
The Jacksonville Jaguars are members of the NFL’s American Football Conference South (AFC South) division, joining the league in 1995.
They had a strong start a few years after joining, though they suffered a long drought which was only broken in 2017 when they made their first finals appearance after 10 years of failing to reach them. Tony’s father Shahid bought the team in 2011 from businessman J. Wayne Weaver at a value of $770 million, and has since increased the team’s value to around $1.5 billion. Tony serves as the Senior Vice President of Football Technology & Analytics for the team.
Aside from American Football, the father-son duo also looked into soccer, leading them to purchase the team, Fulham FC in which he was named as the 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 a part of his job, he is responsible for evaluation, recruitment and signing of potential players for the team.
Tony has also established TruMedia Networks ,which handles the development of technology to be used in the sports industry. He also manages talent through TruMedia networks, which since its creation, has focused on aspects of entertainment, technology, services, products, and more.
All Elite Wrestling
In 2018, Tony looked into the possibility of creating a professional wrestling promotion, as he has been a lifelong fan of the sport.
After a great showing by several independent stars and former World Wrestling Entertainment (WWE) talent, he partnered with Cody Rhodes and The Young Bucks to help recruit wrestlers and promote an upcoming event, which would become All Elite Wrestling (AEW), founded in 2019. Their roster contains some of the most talented wrestlers from around the world, including names such as Kenny Omega, Jon Moxley and Chris Jericho. The company is known to be the home of many stars from WWE”s past, and is in direct competition with them.
With the creation of the promotion, Tony also helped in landing a deal for a weekly television show “AEW Dynamite”, labeled by the media as the first professional wrestling promotion with serious financial backing to rival WWE. They started the promotion with a pay-per-view event called Double Or Nothing, which 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 matriculating from high school, he moved to the US where he studied for an Industrial Engineering degree, while working a part-time job to make ends meet.
His first job was with the Flex-N-Gate Corporation, an automotive manufacturing company which absorbed him as one of their engineers following his graduation. While working there, he opened his first business, Bumper Works, which made customized car bumpers and body repairs for pickup trucks.
The business endeavor was successful, and the money he earned led him to buy Flex-N-Gate, growing it to become a big supplier of bumpers for much larger automobile 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 earned from the business, he began looking for further investments, and became interested in buying sports teams, leading to his purchase of the Jacksonville Jaguars after many attempts. He is considered the lead investor among many of his son’s business endeavors, and in 2012 he was featured by “Forbes” as the face of the American Dream, having succeeded in becoming – self-made – one of the richest persons in the world.
Tony Khan is single and he does not talk about any of his romantic endeavors.
Back when you could take a cruise to the Bahamas with your friends! It was great to visit with these 2 friends both known for wearing a stellar crimson mask, @RealBrittBaker & @RicFlairNatrBoy. Shoutout to @realmmarshall1 for the photobomb & @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, instead focusing on his love for professional wrestling and other sports in his social media accounts. He is close friends with many athletes and legends, making connections while also having enough money to attend high profile events.
While he has been a mostly private man, he’s also engaged in a war of words against other executives and athletes in the past. On one occasion, Tony had an exchange of words with professional wrestler Randy Orton, whom Tony called out for using his promotion’s name to increase the value of his contract in WWE. He also recently had an online exchange with professional American Football player Yannick Ngakoue, due to frustration felt by the player as he hasn’t yet been traded by the Jaguars.