All Elite Wrestling (AEW) is a major American professional wrestling promotion founded in 2019. It’s headquartered in Jacksonville, Florida, USA and has rapidly grown into one of the most significant competitors to WWE (World Wrestling Entertainment) in the sports entertainment world. AEW produces weekly television shows like AEW Dynamite and AEW Collision that air nationally and are distributed in over 200 territories worldwide.
AEW was launched with the idea of reinvigorating professional wrestling by giving wrestlers creative freedom and offering fans an alternative to traditional promotions. The company also produces pay-per-view events, live tours, and merchandise.
Ownership Status of AEW
AEW is a privately held company, meaning it is not publicly traded on any stock exchange. Its ownership rests primarily with the Khan family, specifically Tony Khan and his father Shahid Khan.
Major Owners
| Shareholder / Entity | Ownership Status | Notes |
|---|---|---|
| Tony Khan | Majority owner & controlling shareholder | Founder, President, CEO, and head booker; controls voting rights. |
| Shahid Khan | Co-owner / major investor | Billionaire businessman; provided financial backing. |
| Beatnik Investments LLC | Parent holding company | Includes Tony and his sister Shanna Khan; legally holds AEW’s assets. |
| Minority Stakeholders (if any) | Potential small stakes, not publicly disclosed | Media partners like Warner Bros. Discovery may own a tiny percentage <10%. |
Note: AEW does not publicly disclose detailed ownership percentages, but Tony Khan holds the vast majority of shares and 100% of voting control, according to statements he has made.
Key Ownership Highlights
Tony Khan – Founder and Controlling Owner

- Full Name: Antony Rafiq Khan
- Roles: Founder, President, Chief Executive Officer (CEO), Executive Producer, and Head Booker of AEW.
- Ownership Control: Tony Khan has stated that he holds the vast majority of AEW’s shares and 100% of the voting stock, making him the controlling owner of the company.
- Background: He is also involved in other major sports ventures; he works in executive roles with the NFL’s Jacksonville Jaguars and English Premier League club Fulham FC, organizations owned by his father.
Tony Khan Net Worth

As of 2025, Tony Khan has an estimated net worth of around $1 billion. His wealth mainly comes from his family’s vast business empire led by his father, Shahid Khan, whose net worth is estimated at over $12 billion. Tony Khan is deeply involved in multiple sports organizations, including All Elite Wrestling (AEW), the Jacksonville Jaguars (NFL), and Fulham FC (English Premier League). While AEW itself is still in a growth and reinvestment phase, Tony Khan’s personal fortune is supported by long-term investments, sports management roles, and ownership stakes across global sports and entertainment ventures. His financial stability has played a key role in AEW’s ability to compete at a high level since its launch in 2019.
Shahid Khan – Major Investor and Co-Owner
- Relationship: Father of Tony Khan
- Business Profile: Billionaire businessman best known for owning the Jacksonville Jaguars and Fulham FC. His financial backing was crucial in establishing AEW.
- Role in AEW: While Shahid is an investor and co-owner, he does not manage the daily operations or creative direction of AEW — those responsibilities lie with Tony Khan.
Beatnik Investments LLC – Parent Company
AEW’s parent holding company is Beatnik Investments LLC, a limited liability company owned by members of the Khan family. This entity legally holds AEW, helping structure the company’s ownership and protect assets.
Recent Developments in Ownership
While AEW has largely remained privately owned by the Khan family, questions have arisen about whether media partners like Warner Bros. Discovery (WBD) hold a stake due to broadcast agreements. However, court filings and AEW’s disclosures indicate that no public corporation owns 10% or more, and Tony Khan remains the controlling shareholder with full voting rights.
Because of this setup, outside investors do not influence the company’s creative decisions or governance. This structure has allowed AEW to maintain independent ownership and direction, unlike publicly traded entertainment companies.
FAQs
1. Who is the current owner of AEW?
The primary owner of All Elite Wrestling (AEW) is Tony Khan, who holds the majority of shares and 100% of voting control. His father, Shahid Khan, is also a co-owner and major investor.
2. Is AEW publicly traded or privately owned?
AEW is privately owned and is not listed on any stock exchange.
3. Who founded AEW?
AEW was founded in 2019 by Tony Khan with financial backing from his father Shahid Khan.
4. Does anyone else own part of the company?
While media partners like Warner Bros. Discovery may hold small equity stakes through broadcast deals, no public corporation owns 10% or more, and Tony Khan remains the controlling owner.
All Elite Wrestling Official Site
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