Friday, 10 April 2015

China Gets Its Latest Auto Billionaire, Sort Of

China’s rise to become the world’s biggest auto market has spawned its share of billionaires along the way. Tops among the country’s richest men is SUV maker Great Wall’s chairman Wang Jianjun, worth $9.8 billion, Lu Guanqiu, worth $6.5 billion, whose Wanxiang Group which has made in a name for itself in the U.S. for snapping up distressed companies such as A123. There’s also Wang Chuan-fu, chairman of Warren Buffett-backed BYD, who is worth $5.4 billion.

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