BILLIONAIRES are still rare, but breeding faster. Eight years ago, there were fewer than 800, collectively worth around $2trillion. Today, more than 2,000 exist, worth a total of almost $8trillion.
There are plenty in the energy, financial, property, pharmaceutical, tech and other ‘traditional’ fields. Then there are others who make their billions from quirkier products such as soy sauce, cashmere, pig-breeding or nappies. Honest.
Surprisingly, though, comparatively few car guys achieve billionaire status. Continental’s Georg Schaeffler (worth almost $21bn) is the finest example, along with fellow Germans Susanne Klatten ($20bn) and Stefan Quandt ($18bn), of BMW. Arguably, these are the three wealthiest people on planet automobile, but Elon Musk ($14bn) of Tesla is America’s most minted, while the same is true of Geely/Volvo’s Li Shufu ($7bn) in China and Hyundai’s…
