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China boom sparks an auto billionaires club

Sun Guangxin
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Automotive News
October 15, 2012 - 12:01 am ET

The growth spurt in China's auto industry has created several billionaires, and most still run the relatively young companies they created. These auto tycoons are among the top 125 on a list of the 1,000 richest Chinese compiled by Hurun Research Institute:

• Sun Guangxin, 49, chairman of China Grand Auto Group, a network of dealerships: $4.3 billion.

• Lu Guanqiu, 67, president of the Wanxiang Group, a supplier of chassis components: $4.1 billion.

• Wei Jianjun, 48, chairman of Great Wall Motor Co.: $2.8 billion.

• Li Shufu, 49, chairman of Geely Group, owner of Volvo Car Corp.: $1.8 billion.

• Wang Chuanfu, 46, CEO of BYD Co.: $1.6 billion.

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