Report: Here are the 20 wealthiest people in the automotive industry

Number one is a bit of a surprise
by Drei Laurel | Dec 28, 2019
PHOTO: TopGear.com.ph

Bill Gates is, apparently, the richest person in the entire global car industry.

Surprising, we know, but according to Bloomberg’s list of the 20 richest individuals in the business based on total wealth, the Microsoft man’s $914,554,258 stake in AutoNation Inc.—a new and used car dealership company—places him on top of the automotive world financially. The above-mentioned figure accounts for just less than 1% of his Gates’s total net worth, though.

Tesla’s Larry Ellison and Elon Musk are second and third on the list, respectively, while Tata Motors’ Pallonji Mistry comes fourth, and BMW’s Susanne Klatten (who happens to be Germany’s second-richest person) finds herself in fifth.

Cox Automotive, which includes Kelley Blue Book and Autotrader.com, among other brands, has the most number of representatives on this list with five. Check out the full list below:

1) Bill Gates

Company: AutoNation Inc. (car dealerships)
Stake value: $914,554,258
Total wealth: $105 billion

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2) Larry Ellison

Company: Tesla Inc.
Stake value: $730,773,000 to $1 billion
Total wealth: $58.5 billion

3) Elon Musk

Company: Tesla Inc.
Stake value: $8,307,076,693
Total wealth: $22.9 billion

4) Pallonji Mistry

Company: Tata Motors Ltd.
Stake value: $302,722,710
Total wealth: $19.7 billion

5) Susanne Klatten

Company: BMW AG
Stake value: $8,763,327,399
Total wealth: $18 billion

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6) Stefan Quandt

Company: BMW AG
Stake value: $10,817,887,438
Total wealth: $14.8 billion

7) Li Shufu

Companies: Geely Automobile Holdings Ltd. and Zhejiang Geely Holding Group
Stake value: $38,988,918 and $10,520,321,446
Total wealth: $10.6 billion

8) Georg Schaeffler

Companies: Continental AG and Schaeffler AG (automotive supplies)
Stake value: $9,494,765,020 and $3,116,322,400
Total wealth: $7.99 billion

9) Blair Parry-Okeden 

Company: Cox Automotive (Kelley Blue Book and other brands)
Stake value: $1,738,541,209
Total wealth: $7.84 billion

10) James Kennedy

Company: Cox Automotive
Stake value: $1,738,541,209
Total wealth: $7.84 billion

11) James Pattison 

Company: James Pattison Group (car dealerships)
Stake value: $48,327,817
Total wealth: $6.35 billion

12) Ernie Garcia  

Companies: Carvana Co. and DriveTime (used cars)
Stake value: $4,060,262,827
Total wealth: $4.93 billion

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13) Hiroshi Mikitani

Company: Trust Co. Ltd. (used cars)
Stake value: $234,488
Total wealth: $5.87 billion

14) Margaretta Taylor

Company: Cox Automotive (Kelley Blue Book and other brands)
Stake value: $1,150,111,876
Total wealth: $5.18 billion

15) James Cox Chambers

Company: Cox Automotive (Kelley Blue Book and other brands)
Stake value: $1,150,111,876
Total wealth: $5.18 billion

16) Katharine Rayner 

Company: Cox Automotive (Kelley Blue Book and other brands)
Stake value: $1,150,111,876
Total wealth: $5.18 billion

17) Quek Leng Chan

Companies: Hong Leong Asia Ltd. and Hong Leong Industries Bhd. (motorcycles)
Stake value: $5,103,369 and $291,110,648
Total wealth: $5.27 billion

18) Rahul Bajaj

Companies: Bajaj Finance Ltd. and Bajaj Auto Ltd.
Stake value: $586,320,006 and $1,208,532,867
Total wealth: $5.2 billion

19) Chung Mong-Koo

Companies: Hyundai Motor Co. and Hyundai Mobis Co.
Stake value: $1,269,429,178 and $1,408,455,597
Total wealth: $4.5 billion

20) Wang Chuanfu

Companies: BYD Co. and BYD Co Ltd.
Stake value: $3,522,094,647 and $4,993,622
Total wealth: $4.11 billion

Were you surprised by any of the names found on Bloomberg’s rankings? Let us know in the comments.

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PHOTO: TopGear.com.ph
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