Automobile regularly makes its way to the top list of inventions. Long distances are hardly a problem with automobiles at our disposal. Automobiles have helped us create everlasting memories in our road trips and led us to our first interviews. Some people have benefited by the billions with the uproar in automobile sales and these elite people have made it to our list of 10 Richest Automobile Tycoons in The World.
1. Susanne Klatten Net Worth : $18.4 billion
The business woman has a net worth of $18.4 billion largely due to her humongous stake in pharmaceutical manufacturer Altana. The business degree holder is known to be the richest woman in Germany and owns 12.50% stake in automaker BMW; she inherited the stake from her father. She is married to Jan Klatten and has borne him 3 children. The entrepreneur expertly manages to shun the limelight and is known to live a quiet life.
2. Stefan Quandt Net Worth : $16 billion
In Stefan Quandt, we have another BMW heir with a billionaire status. He has a fortune of $16 billion which is largely derived from his 17.4% stake in BMW. Along with his sister Susanne and mother Johanna, the family owns nearly 50% of the company BMW. He is part of the company’s supervisory board and his education at the Technical University of Karlsruhe has put him in good stead to head the board in the near future.
3. Johanna Quandt Net Worth : $14 billion
Rounding off the Top 3, we have another BMW’s major stock holder, Johanna Quandt. The third wife of the late Herbert Quandt has a net worth of $14 billion owning more than 16% stake in the automobile manufacturer BMW. After retiring from the supervisory board of BMW back in 1997, she settled down in the relaxed Bad Homburg, Frankfurt. She continues to support child cancer facilities and politicians regularly run to her for donations.
4. Elon R. Musk Net Worth : $8.3 billion
Elon Musk has a net worth of $8.3 billion and he is the CEO and Chief Product Architect of Tesla Motors. He co-founded the electric carmaker and is reaping huge benefits for his endeavors. Musk is also credited as the co-founder of PayPal. The man was sort of a child prodigy, selling his computer code for a video game for $500 at age 12.
5. Chung Mong Koo Net Worth : $7 billion
The chairman of Hyundai Motor Group has a net worth of $7 billion. He is the man responsible for transforming the second rate carmaker into one of the best selling cars in the world. Hyundai has strived greatly towards making eco friendly cars and they’ve attained massive success with hybrids Hyundai Sonata and Kia Optima. Although he inherited his status as the Chairman of Hyundai Motor Group from his father, Chung Ju-Yung, the fortune he has accumulated would be half of what it is, had he not put his heart and soul into the business.
6. Wei Jianjun and Family Net Worth : $5 million
Anyone who strikes gold in the Chinese market is bound to hold a commanding position in any rich list. Wei Jianjun has a net worth of $5 billion and is the man making all the right noises with his company Great Wall Motor. The carmaker specializes in manufacturing SUVs. The man graduated specializing in corporate management.
7. Bruce Halle Net Worth : $5 billion
The founder of Discount Tire, Bruce Halle, has a net worth of $5 billion. The company is widely recognized as the largest independent tire and wheel retailer in the world. The Discount Tire stores are available in over 850 locations and the company operates in nearly 25 states in America. The man learnt his trade from the prestigious Eastern Michigan University. He currently resides in Paradise Valley, Arizona with his wife and 4 kids.
8. Luo Jye and Family : $5 billion
Luo Jye is another man who has thrived in the huge market of mainland China. He reportedly has a net worth of $5 billion and is the chairman of Chen Shin Rubber. His emergence from rags to riches can make an outstanding Hollywood script. The man started off with humble beginnings, supplying bicycle tires before the idea of supplying tires for autos struck his mind. With that thought, the man changed his future along with China’s auto market.
9. Shahid Khan Net Worth : $4 billion
The Pakistani- born Shahid Khan has made a fortune for himself by establishing the automobile parts manufacturer Flex-N-Gate. In the previous year alone, the company made revenues of $4.4 billion. With the profits he accumulated from the company, he made a purchase of NFL club Jacksonville Jaguars. The man is also the proud owner of Premier League Club Fulham; the purchase was estimated to be around $150-$200 million in 2013.
10. Wang Chuanfu Net Worth : $4 billion
Wang Chuanfu has a net worth of $4 billion and is the chairman of BYD Company. BYD is China’s largest private automakers. Warren Buffet’s Berkshire Hathaway is known to possess 10% shares in the company. Wang has a Master’s degree in Chemistry from Beijing Non Ferrous Research Institute. Earlier, the man served his country as a government researcher before establishing BYD Company in 1995. The bold move changed his life forever.