As of December 23, 2024, Elon Musk has a net worth of US$430.9 billion, making him the wealthiest person in the automotive industry. Robin Zeng follows in second place with $38.0 billion, and Stefan Quandt ranks third with $21.1 billion.
Richest Billionaires in Automotive Industry, 2024
| RANK | NAME | NET WORTH |
|---|---|---|
| 1 | Elon Musk | $430.9 billion |
| 2 | Robin Zeng | $38.0 billion |
| 3 | Stefan Quandt | $21.1 billion |
| 4 | Susanne Klatten | $21.1 billion |
| 5 | Wang Chuanfu | $20.8 billion |
| 6 | Huang Shilin | $17.5 billion |
| 7 | Ernest Garcia II | $16.7 billion |
| 8 | Lu Xiangyang | $16.0 billion |
| 9 | Eric Li | $15.9 billion |
| 10 | Shahid Khan | $13.3 billion |
| 11 | Wei Jianjun & family | $12.7 billion |
| 12 | Georg Schaeffler | $9.0 billion |
| 13 | Piero Ferrari | $8.7 billion |
| 14 | Vikram Lal & family | $8.2 billion |
| 15 | Dan Friedkin | $7.7 billion |
| 16 | Li Ping | $7.3 billion |
| 17 | Wu Jianshu | $7.1 billion |
| 18 | Ernest Garcia, III | $6.8 billion |
| 19 | Roger Penske | $6.3 billion |
| 20 | Vivek Chaand Sehgal | $6.3 billion |
| 21 | Lachhman Das Mittal | $5.7 billion |
| 22 | Li Xiang | $5.5 billion |
| 23 | Mark Shoen | $5.2 billion |
| 24 | E. Joe Shoen | $4.5 billion |
| 25 | Venu Srinivasan | $4.5 billion |
Methodology: The list of the richest people, compiled by CEOWORLD magazine, was created using financial information from various reliable sources such as individuals, families, stock exchanges, private databases, and analysts. Net worth figures are based on both exchange rates and stock prices. The value of private companies was determined using financial ratios and other comparisons with comparable publicly traded companies. In some cases, family fortunes were divided. The editors reserve the right to modify the list in the event of new information.
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