|Rank||Name||Worth||Tie to the industry|
|29||Kirk Kerkorian||$5.3 billion||DCX shareholder|
|67||Jack Crawford Taylor||2.8 billion||Enterprise Rent-A-Car|
|97||H. Wayne Huizenga||2 billion||AutoNation chairman|
|158||Billy Joe "Red" McCombs||1.4 billion||Dealer|
|172||James Moran||1.3 billion||Dealer|
|189||William Clay Ford||1.2 billion||Ford Motor Co.|
|296||Richard Manoogian||880 million||Masco Corp.|
|391||Thomas Friedkin||600 million||Dealer|
It's not so bad being an investor, either. Makers are in short supply.
That, in a nutshell, is how the auto industry fared in Forbes magazine's annual ranking of the 400 wealthiest Americans, published Sept. 27. Four of the eight magnates with auto ties are dealers, while a fifth started a rental car company in the 1950s. One's a Ford. At the top is an investor who has proven to be a thorn in the side of DaimlerChrysler AG.
As in years past, those who forged a home early in the technology market dominated the top spots, lead by the $54-billion man, Microsoft Chairman Bill Gates. The magazine said it calculated wealth based on the market close of Aug. 27. Forbes said that two weeks after the Sept. 11 terrorist attacks, Gates' wealth fell to $46.8 billion.
The auto industry has its own billionaires.
Kirk Kerkorian topped that list. The Las Vegas gaming giant and major DaimlerChrysler investor came in 29th on the Forbes list with $5.3 billion. Kerkorian is suing DaimlerChrysler for $8 billion, claiming Daimler-Benz AG's acquisition of Chrysler was in essence an act of fraud. Kerkorian was Chrysler's second largest shareholder before the takeover.
Jack Crawford Taylor, founder of Enterprise Rent-A-Car, bowed in at 67th with an estimated $2.8 billion. He was followed by AutoNation Chairman and founder H. Wayne Huizenga at $2 billion.
Huizenga leads a string of well-to-do dealers, including the Minnesota Vikings' owner Billy Joe "Red" McCombs at $1.4 billion; Toyota dealer giant James Moran, $1.3 billion; and Thomas Friedkin, at $600 million, chairman of the company that runs Gulf States Toyota, an independent distributorship in Texas.
Also on the list are Detroit Lions' owner William Clay Ford, $1.2 billion, grandson of Henry Ford and father of Ford Chairman William Clay Ford Jr.; and, Richard Manoogian, $800 million, a Ford board member and Metaldyne director who inherited Masco Corp. from his father and built the Michigan company into a multi-billion dollar home improvement and building giant.