Forbes Billionaires list included Auto Industry Titans

by IS_Indust
Forbes Billionaires list

Of the 2,640 people on the list this year, 73 are in the automotive industry, and one of them is in Michigan. The number of billionaires in the world has decreased by 28 people from last year. Last week, Forbes released the World’s Billionaires List for this year.

According to the report, the global wealth of billionaires is now $12.2 trillion, down from $12.7 trillion in March 2022. According to Forbes, half of the list is poorer than a year ago.

Including Elon Musk, the 51-year-old CEO of Tesla, who dropped to No. His $44 billion acquisition of Twitter dropped his net worth to $180 billion, ranking second. Bernard Arnault, a 74-year-old French luxury goods billionaire with a $211 billion net worth, currently holds the lead.

Auto Industry on the Ascent

In the car business, a portion of the highest-level titans incorporates Michigan’s Roger Penske, 86, with total assets of $3.2 billion. Penske, a former racecar driver, came in at No. On the list, 905 He established and oversees the Bloomfield Hills-based publicly traded car and truck dealership Penske Automotive Group.

The company reported in its earnings release for the full year that it sold approximately 447,000 brand-new and pre-owned automobiles worldwide and 20,000 brand-new and pre-owned commercial trucks in 2022 through its commercial truck dealerships.

The 65-year-old co-founder of the Tempe, Arizona-based Carvana, Ernie Garcia II, was tied for the No. 982 spot with car dealer Norman Braman, 90, of West Palm Beach, Florida’s Braman Motorcars, and Catheline Perier D’Ieteren, 78, whose great-great-grandfather founded the Brussels-based D’Ieteren Group, a distributor of auto parts. Both have a $3 billion net worth.

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