A Pakistani-American, Shahid Khan, has emerged as the 66th richest man in the United States in 2020, with a total worth of $7.8 billion.
Amazon founder and CEO Jeff Bezos is number one for the third year in a row, followed by Microsoft founder Bill Gates at number two.
The year’s biggest gainer, in percentage terms, is Tesla founder Elon Musk, who is an astounding 242 per cent richer than he was on last year’s ranking.
Shahid Khan, the only Pakistani on the list, is an engineer by trade. He immigrated to the US at age 16 with $500 and a plane ticket. In 1980, he bought auto parts supplier Flex-N-Gate from his former employer.
His design for a one-piece truck bumper was the basis for his success; the company now has 64 plants worldwide and over 24,000 employees. Khan made his first billion at Flex-N-Gate.