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These are the 10 richest people in the auto industry

Hannah Elliott
Bloomberg News

Siblings Susanne Klatten and Stefan Quandt own almost half of BMW.

The billionaires are descendants of Guenther Quandt, who built a German industrial empire by, among other things, supplying weapons to the Nazis during World War II. In the years since, the family has established stakes in both Daimler-Benz AG and BMW.

Today, Klatten is Germany’s second-richest person, worth $18.6 billion, according to the Bloomberg Billionaires Index. Quandt, who owns part of a logistics company and a homeopathic medicine company, has a net worth of $15.5 billion. Both are members of BMW’s supervisory board, making them the richest related pair deriving wealth from the automotive industry.

Here are the year’s richest people in cars:

Bill Gates

1. Bill Gates

Company: AutoNation Inc.

Stake value: $914,554,258

Gates may not be the first person you would expect to see on a list of automotive wealth, but his share of car dealer AutoNation contributes to his overall fortune, most of which comes from Microsoft Corp. and Cascade Investment.

2. Larry Ellison

Company: Tesla Inc.

Stake value: $730,773,000 to $1 billion

Although he is the company’s second-largest shareholder, Ellison’s stake in Tesla is not the primary source of his wealth. He is the founder and main shareholder of the database company Oracle. The 75-year-old also owns the Indian Wells tennis event and the island of Lanai, Hawaii.

Elon Musk

3. Elon Musk

Company: Tesla Inc.

Stake value: $8,307,076,693

Likely the most famous person invested in the segment — certainly the most colorful — the South African divides his time between Tesla, the maker of luxury electric vehicles, and SpaceX, a rocket manufacturer. Musk has always been a polarizing figure, garnering acclaim for his visionary leadership and criticism for failing to meet deadlines and engaging in public disputes.

4. Pallonji Mistry

Company: Tata Motors Ltd.

Stake value: $302,722,710

Mistry, 90, and his family are shareholders in Tata Sons, the holding company behind more than 100 affiliates with $100 billion in annual revenue, according to the Bloomberg Billionaires Index. The group employs 700,000 people in more than 100 countries.

5. Susanne Klatten

Company: BMW AG

Stake value: $8,763,327,399

Klatten, 57, is the second-richest person in Germany. She inherited her wealth from her father, German industrialist Herbert Quandt, who turned BMW from a struggling carmaker into one of the world’s largest manufacturers of luxury vehicles. Klatten recently said that dealing with the responsibility of inherited wealth is a misunderstood burden.

6. Stefan Quandt

Company: BMW AG

Stake value: $10,817,887,438

Quandt, 53, holds substantial stakes outside the family business, including homeopathic medicine company Biologische Heilmittel Heel; credit-card maker Entrust Datacard; and logistics company Logwin. His wealth derives from family matriarch Johanna Quandt, who died in 2015.

7. Li Shu Fu

Company No. 1: Geely Automobile Holdings Ltd.

Stake value: $38,988,918

Company No. 2: Zhejiang Geely Holding Group

Stake value: $10,520,321,446

Li, 56, founded 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

Company No. 2: Schaeffler AG

Stake value: $3,116,322,400

Shaeffler, 54, is chairman and majority owner of Schaeffler AG, which makes ball bearings and other auto supplies. He owns 80% of the company, while his mother, Maria-Elisabeth Schaeffler-Thumann, owns the rest, according to company filings.

9. Blair Parry-Okeden

Company: Cox Automotive

Stake value: $1,738,541,209

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 auto brands.

10. James Kennedy

Company: Cox Automotive

Stake value: $1,738,541,209

An avid cyclist and hunter, Kennedy, 68, is the chairman of Cox Enterprises.