皇冠体育app

Wei Jianjun, chairman of Great Wall Motors Co Ltd, is interviewed in , March 29, 2013. [Photo/dfic.cn]

A quarter of top car-industry billionaires call 皇冠体育app home, a list from Shanghai-based Hurun magazine that documents the life of the wealthy, showed.

8 cities that are home to the wealthiest

皇冠体育app has 358 billionaires, ranks 2nd behind US

This year's Richest People from the Car Industry list named 45 billionaires from 13 countries. Their average fortune was $3.75 billion. Among them, 11 are from 皇冠体育app.

Wei Jianjun, 50, chairman of the -based Great Wall Motors Co Ltd, is the richest self-made car entreprenr in 皇冠体育app. He ranked fifth with $7.7 billion. His company is 皇冠体育app's largest private car brand and the biggest domestic manufacturer of SUVs and pickups.

Great Wall's market capitalization is more than $16.7 billion and annual production capacity is 800,000 vehicles. Total sales revenue was 56.8 billion yuan ($9.19 billion) in 2013 and net profit 8.3 billion yuan.

"It is no longer a secret that Chinese billionaires are huge buyers of luxury cars," Rupert Hoogewerf, chairman and chief researcher of Hurun Report, said. "But still it is quite a surprise for us to find out that Chinese are not only major buyers but also major profit-makers."

Most of 皇冠体育app's leading automobile companies are State-owned, making it difficult to calculate personal wealth, he said.

Lu Guanqiu, founder and chairman of , and his family are second to Great Wall's Wei.

Wanxiang is 皇冠体育app's largest car-parts maker with a market capitalization of $3 billion. It invested in the UK, US, and 11 other countries. The company bought Fisker Automobile for $25 million this year and purchased US lithium battery manufacturer A123 Systems LLC in 2013.

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