China is one of the most productive countries when it comes to development and technology and there are no doubt about the fact that the country enjoys a huge population where every individual is capable of starting his on business, becoming a successful entrepreneur. It was interesting to find that out of many successful businesses of the country, the automobiles has given the maximum benefit to the entrepreneurs there. Here is a list of businessmen who are enjoying a net worth in billions through their automotive business.
1) Wei Jianjun
Net Worth: $5.3 billion
Mr.Wei. served as a General Manager for Great Wall Industry, which is the 8th largest Chinese automaker by making near 670,000 units and 6th largest producer by volume. He has enjoyed and pocketed an exponential profit just in an age of 40, benefiting from the China’s largest sport utility vehicle (SUV).
2) Sun Guangxin
Net Worth: $4 billion
Business: Real-estate, energy and automobiles deliveries.
Sun Guangxin, thefounder and CEO of Xinjang Guanghui Industry Group, which is now known as Guanghui Energy Co LTD, it basically engage in the development and sales of real estate and property development and distribution in China. It also deals with the development of liquefied natural gas (LNG) automobile fuels. Currently Mr. Sun has turned himself into one of the China’s largest distributor dealing with auto distributes on over 400 shops in 18 provinces.
3) Lu Guanqiu
Net Worth: $3.1 billion
Country: Eastern China
Business: Lithium ion-automotive battery maker A123 system, auto parts and machinery product manufacturing
Recently the richest in Zhejiang Province started by producing small agricultural machines has now driving on the roads of being the best and leading producer of automobile facilities and components, his other automobile businesses include Wanxiang Qianchao and Jiangsu Senwei whose customers include Bosch. The President of the Board of Wanxiang Group, is also a part time professor for the EMBA program at Zhejiang University.
4) Wang Chuanfu
Net Worth: $2.3 billion
Business: Automaker and electric vehicles manufacturing
The billionaire engineer who was born to a family of poor farmers has now founded BYD and became the China’s first manufacturer of automobiles and rechargeable batteries; he is aiming to hit sales of 500,000 vehicles with the K9 electric bus reaching 3000 units. His company became the world’s biggest mobile phone batteries manufacturer.10% of the BYD stakes are owned by Warren Buffett’s Berkshire Hathaway.
5) Li Shufu
Net Worth: $2.2 billion
Business: Custom car manufacturing
Beginning life down on the farm and quickly discovered they could be better in engineering rather than ploughing fields. A graduate of Yanshan University is now the Chairman of Zhejiang Geely Holding Group, the China’s largest privately owned car firm. He is also the only Chinese manufacturer wo signed a deal worthUS$1.8 billion to buy Volvo Cars from Ford Motor Company, an American automobile manufacturer.
6) Lu Xiangyang
Net Worth: $1.65 billion
The Vice Chairman of BYD, the China’s largest mobile batteries manufacturing company. He was one of the 28 billionaires who lost billions in 2010, still you can find him list, quite amazing. They had pretty tough year owing to the slowing sales of its autos.
7) Wang Muqing
Net Worth: $1.4 billion
Business: Luxury custom cars manufacturing
Mr. Muqing is the Non-Executive Director of China Zheng Tong Auto Services LTD Holdings, which distributes luxury makes including BMW, Audi , Jaguar, Volvo and Land Rover. He has been enjoying the highest-ranking auto distributor of last year’s China’s rich list and has enjoyed a rise in his net worth following an IPO in Hong Kong in December 2010. His brands face tough competition from partners of Ford, Toyota and GM.
8) Huang Yi
Net Worth: $1.45 billion
Business: Distributes Porsche, Lexues, Toyota brands.
Huang Yi, the co-founder of Zhongsheng Group Holdings, which is a multi automotive retail and services company has around 14 dealerships across China and markets brands including Mercedes, Benz, Porsche, Toyota, Volvo, Nissan and Audi.
9) Cho Tak Wong
Net Worth: $1.15 billion
Business: Automotive glass makers.
Mr.Cho and his wife no doubt is busier than most because they owns 20% of Shanghai-listed Fuyao Glass Industry Group, who are the largest makers of automotive glass in Asia. Its customers include GM, Ford and Nissan.