10. James Kennedy
Company: Cox Automotive
Stake Value: $1,738,541,209
Percent of Total Net Worth: 21.6%
Total Wealth: $7.84 billion
Location: Atlanta
Segment: Automotive services
An avid cyclist and hunter, Kennedy, 68, is the chairman of Cox Enterprises.
11. James Pattison
Company: James Pattison Group
Stake Value: $48,327,817
Percent of Total Net Worth: .8%
Total Wealth: $6.35 billion
Location: Vancouver
Segment: Car dealers
Pattison’s company is the largest car dealer in western Canada. It also publishes the Guinness World Records standings. He began his automotive career while still in college, fixing and selling used cars to fellow students before dropping out to manage a General Motors dealership. Today, Pattison, 90, and his wife, Mary, live in Vancouver.
12. Ernie Garcia
Company No. 1: Carvana Co.
Stake Value: $4,060,262,827
Percent of Total Net Worth: 67.4%
Location: Tempe, Ariz.
Segment: Used car dealers
Company No. 2: DriveTime
Stake Value: $1,005,999,251
Percent of Total Net Worth: 16.7%
Total Wealth: $4.93 billion
Location: Tempe, Ariz.
Segment: Used car dealers and financing
Garcia, 62, is the largest shareholder of Carvana, but his son, Ernie III, runs the business. The elder Garcia started developing DriveTime in the 1990s, when he bought rental-car company Ugly Duckling out of bankruptcy. He then merged it with a financing company to make it a vehicle for selling used cars to subprime borrowers. In 1990, Garcia was convicted of fraud for playing a small role in the Charles Keating savings-and-loan scandal.