As of 19 March 2024, Elon Musk has a net worth of US$188.5 billion, making him the wealthiest person in the automotive industry. Robin Zeng follows in second place with $27.6 billion, while Stefan Quandt ranks third with $26.9 billion, and Susanne Klatten comes in fourth with $26.1 billion.
The fifth and sixth spots on the list are occupied by Wang Chuanfu, whose net worth is $16.4 billion, and Eric Li, whose net worth is $16.4 billion. Lu Xiangyang is placed 7th with a net worth of $13.2 billion. Huang Shilin ($12.7 billion) occupied the 8th position among the wealthiest people in the automotive industry, followed by Shahid Khan (No. 9) with $12.2 billion and Wei Jianjun (No. 10, $11.8 billion).
Richest Billionaires in Automotive Industry, 2024
| RANK | NAME | NET WORTH |
|---|---|---|
| 1 | Elon Musk | $188.5 billion |
| 2 | Robin Zeng | $27.6 billion |
| 3 | Stefan Quandt | $26.9 billion |
| 4 | Susanne Klatten | $26.1 billion |
| 5 | Wang Chuanfu | $16.4 billion |
| 6 | Eric Li | $16.4 billion |
| 7 | Lu Xiangyang | $13.2 billion |
| 8 | Huang Shilin | $12.7 billion |
| 9 | Shahid Khan | $12.2 billion |
| 10 | Wei Jianjun & family | $11.8 billion |
| 11 | Georg Schaeffler | $10.6 billion |
| 12 | Li Xiang | $8.8 billion |
| 13 | Piero Ferrari | $8.7 billion |
| 14 | Ernest Garcia II | $8.6 billion |
| 15 | Vikram Lal & family | $6.6 billion |
| 16 | Dan Friedkin | $6.4 billion |
| 17 | Wu Jianshu | $5.9 billion |
| 18 | Li Ping | $5.4 billion |
| 19 | Mark Shoen | $5.0 billion |
| 20 | Mong-Koo Chung | $4.9 billion |
| 21 | Vivek Chaand Sehgal | $4.7 billion |
| 22 | E. Joe Shoen | $4.3 billion |
| 23 | Abhay Firodia | $4.2 billion |
| 24 | Nicolas D'Ieteren | $4.1 billion |
| 25 | Roger Penske | $4.0 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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