In an on-stage interview at the Forbes Reinventing America Summit, automobile components billionaire Shahid Khan recounted his knowledge coming to the United State from Pakistan.
“Within 24 hrs, I had currently skilled the American dream,” Khan stated about obtaining a task for $ 1.20 washing dishes — more than the huge vast majority of the individuals back in his native nation. This was at the age of 16, having invested most of his family’s financial savings on a one-way journey to the University of Illinois in Urbana-Champaign.
Today, Khan is the head of $ 4.4 billion (sales) car elements firm Flex-N-Gate Flex-N-Gate and the proprietor of 2 expert sports teams: the NFL’s Jacksonville Jaguars and the Premier League’s Fulham FC.
And Khan believes that there is no much better spot to do organization than in the U.S. “We have fantastic infrastructure to compete,” he stated. “I would encourage a person to go to Brazil and try out to do company there. BRIC countries get a great deal of hype, but organization there is brutal. There are 23 distinct variety of taxes.”
Khan did reflect on the country’s growing fascination for industries on the coast — Wall Street and Silicon Valley. “Something like manufacturing is not sexy,” he says. That can make it challenging to discover the best people: “I don’t care what task it is: you’re employing brainpower.”
Even though most of the interview session with Forbes managing editor Dan Bigman centered on the auto parts business, Khan also gave the assembled crowd a chuckle when he addressed the success of American football: “I love it. In the NFL, you win or you lose, and the money nevertheless exhibits up.”
Go through a lot more about Khan’s story in his 2012 Forbes cover story.
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