Shahid Khan: From Pakistan to pro-football

The Jacksonville Jaguars' owner immigrated to the U.S. with $500 and a dream; now he's the first ethnic minority to own an NFL team

While Khan enjoys rock star status today, news that a Muslim from Pakistan had bought the Jaguars did not go over well with everyone in this conservative corner of northeast Florida. In comments quoted in online media, Khan was called, among other things, a "terrorist from Pakistan," a "sand monkey." One person asked, "If you buy a Jags season ticket, does it come with a prayer rug?"

Byron Pitts: How'd you react to that?

Shahid Khan: Ahh, well you know, the way I reacted most of my life which is: it's not really my problem. It's their problem.

Shahid Khan: It was not Jacksonville's finest moment.

Byron Pitts: So it's true that the former owner, Wayne Weaver, was so embarrassed that he offered you a chance to get outta the deal?

Shahid Khan: Well, please, I wouldn't characterize it that way. I think he was surprised. And he wanted to just make sure that, you know, it wasn't giving me pause.

Byron Pitts: And it gave you none at all?

Shahid Khan: None whatsoever. As a matter of fact, if it was possible for me to be more determined, it, you know, gave me more determination.

That determination can be traced back to a childhood half a world away, in the hot, dusty streets of Lahore, Pakistan's second largest city.

Shahid Khan: This is the Lahore Fort.

Last spring, we went to Lahore with Khan to visit his family. He took us to his boyhood home where we met his 89-year-old mother, Zakia, a retired math professor, and his younger brother, Faran, a businessman.

Byron Pitts: How do you explain it? Your son, your boy, is one of the richest men in the world. How do you explain that?

Zakia: Well, it's his hard work. And luck also.

Faran: As his friends say, he always knew about his destiny. He had that entrepreneur, I would say, instincts which made him succeed like this.

Khan's late father, Rafiq, sold surveying equipment. He preached humility and frugality and encouraged his son's early business ventures. As a child, Khan built and sold radios and made his friends pay to borrow his comic books.

And this is where the future owner of an American pro football team spent many afternoons as a boy: the city's cricket stadium, home to Pakistan's national team.

Shahid Khan: This is where, you know, the big sports events happen.

Byron Pitts: So this is your Yankee Stadium, your Soldier Field?

Shahid Khan: Absolutely.

Shahid Khan: We would walk over and, you know, get here after tea time so we could walk in free.

Byron Pitts: That was big because your dad wasn't big on spending money on tickets.

Shahid Khan: Never bought a ticket ever.

Byron Pitts: And proud of that?

Shahid Khan: And proud of that.