Company No. 2: Zhejiang Geely Holding Group
Stake Value: $10,520,321,446
Percent of Total Net Worth: 99.9%
Total Wealth: $10.6 billion
Location: Hangzhou, China
Segment: Auto manufacturing
Li, 56, is the founder of Zhejiang Geely Holding Group, a maker of cars and related components, though he started his career manufacturing refrigerators. Geely’s $1.5 billion purchase of Volvo in 2010 was the largest ever overseas acquisition by a Chinese automaker.
8. Georg Schaeffler
Company No. 1: Continental AG
Stake Value: $9,494,765,020
Percent of Total Net Worth: 110.4%*
Location: Hanover, Germany
Segment: Auto parts
Company No. 2: Schaeffler AG
Stake Value: $3,116,322,400
Percent of Total Net Worth: 36.2%
Total Wealth: $7.99 billion
Location: Herzogenaurach, Germany
Segment: Auto parts
Shaeffler, 54, is chairman and majority owner of Schaeffler AG, which makes ball bearings and other automotive supplies. He owns 80% of the company, while his mother, Maria-Elisabeth Schaeffler-Thumann, owns the rest, according to company filings. The two collectively hold 46% of auto supplier Continental as well, according to the company’s website as of June 2019.
*Due to debt.
9. Blair Parry-Okeden
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
Parry-Okeden, 69, is the granddaughter of James Cox, who founded Cox Enterprises in 1898. She owns almost 25% of the company, a $21 billion conglomerate that encompasses Kelley Blue Book and other automotive brands. She resides in Australia.