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Data & Strategy

Richest Billionaires in Automotive Industry, 2024

Stock market

As of February 20, 2025, Elon Musk has a net worth of US$396.8 billion, making him the wealthiest person in the automotive industry. Robin Zeng follows in second place with $39.1 billion, and Wang Chuanfu ranks third with $26.7 billion.

Richest Billionaires in Automotive Industry, 2024

RANK NAME NET WORTH
1Elon Musk$396.8 Billion
2Robin Zeng$39.1 Billion
3Wang Chuanfu$26.7 Billion
4Susanne Klatten$23.1 Billion
5Stefan Quandt$22.6 Billion
6Lu Xiangyang$20.2 Billion
7Ernest Garcia II$19.6 Billion
8Huang Shilin$17.9 Billion
9Eric Li$17.9 Billion
10Shahid Khan$13.5 Billion
11Wei Jianjun & family$12.0 Billion
12Wu Jianshu$10.4 Billion
13Georg Schaeffler$10.4 Billion
14Piero Ferrari & family$10.1 Billion
15Ernest Garcia, III$8.6 Billion
16Vikram Lal & family$8.2 Billion
17Dan Friedkin$7.8 Billion
18Li Ping$7.5 Billion
19Roger Penske$6.7 Billion
20Li Xiang$6.1 Billion
21Lachhman Das Mittal$5.9 Billion
22Mark Shoen$5.3 Billion
23Vivek Chaand Sehgal$5.2 Billion
24Xia Zuoquan$4.9 Billion
25E. Joe Shoen$4.6 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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License and Republishing: The views in this article are the author’s own and do not represent CEOWORLD magazine. No part of this material may be copied, shared, or published without the magazine’s prior written permission. For media queries, please contact: info@ceoworld.biz. © CEOWORLD magazine LTD

Despina Wilson, D.Litt.
Despina Wilson, D.Litt. in Cultural Diplomacy and Journalism, is the Business News Editor at CEOWORLD Magazine, where she specializes in delivering strategic content at the intersection of international finance, executive positioning, and cross-cultural communication. Fluent in Spanish and English, Despina brings over 12 years of editorial and advisory experience across Latin America, the U.S., and Europe.

Before joining CEOWORLD magazine, she held senior editorial roles at finance publications in Mexico City and worked as a corporate communications advisor for multinational firms. Her writing explores macroeconomic shifts, emerging markets, corporate governance, and the PR strategies that shape public perception of top-tier companies and their leaders.

At CEOWORLD, Despina leads a multilingual editorial team that produces business content tailored for global executives navigating complex financial ecosystems. She holds a degree in Business Journalism and a certificate in Strategic Public Relations.

Despina is also a frequent speaker on Latin American investment trends, female leadership in finance, and corporate transparency. With a sharp editorial instinct and a passion for amplifying diverse perspectives, Gabriela ensures that CEOWORLD’s coverage remains forward-thinking, inclusive, and rooted in both analytical depth and brand insight.