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Just entered in May, which means nearly half of 2020, and in the past few months, the domestic automobile market and any other economic market have been hit by the COVID-19 epidemic, resulting in a decline in profits and shrinking assets of many domestic companies. To this end, some media have compiled a list of the latest "car circles" wealth in 2020 according to the latest Forbes list.

It is understood that under the impact of the COVID-19 epidemic in 2020, the wealth of 1062 people on the rich list of over 2095 million this year has declined, and the number of people falling off the list has reached an all-time high, which also shows that the overall downward environment has a very great impact on the economy. And the same is true of many rich people in the "car circle".

Xu Jiayin, the richest still not yet from Evergrande New Energy, has a market capitalization of $21.8 billion, far surpassing Li Shufu, CEO of Geely, the second-largest private carmaker, according to the latest wealth list. However, because Xu Jiayin is not only a tycoon in the car circle, but also a real estate tycoon, and Evergrande New Energy has been invested in the past year and has not made a real profit, so it is only involved in the car circle.

Li Shufu, the CEO of Geely Automobile, is the richest man in the real "car circle", with the latest assets of $12.4 billion. In spite of this, its assets have also shrunk due to a sharp drop in sales due to the impact of the epidemic in the car market, down five places globally from the Hurun rich list in February.

It is still followed by Zeng Yuqun, president of the Ningde era in the battery field, who still maintains a stable ranking in China with the leading domestic and global suppliers of new energy automotive batteries. However, globally, due to the decline in the overall automobile market and the domestic new energy vehicle market, it has also suffered a decline in wealth, falling from 115 to 139, while Huang Shilin, also of Ningde time Group, also fell from 344 to 383.

However, the Wei Jianjun family and BYD Motors, also private carmakers, rose from 493 to 401 in the latest wealth list in 2020, while the Wei Jianjun family rose from 464 to 426. It can be seen that although the two car companies have been hit by the epidemic to varying degrees in 2020, they are also fortunate to be able to rise against the trend. Among them, according to BYD's first-quarter results, it is still profitable in both the auto market and the new energy vehicle market, but this has to be helped by BYD's rapid conversion of masks and state subsidies to help it turn a profit in the first quarter.

Of course, nothing has seen a serious decline in wealth since 2020 than Lu Zhengyao, chairman of China Premier car and the current chairman of Bowo Automobile, who once plunged assets by more than 70% because of Luckin Coffee's "thunderstorm", from 781st to 908th, and even fell off the list of global billionaires according to the latest data.

In addition, due to the severe control of the domestic epidemic since February 2020, many car dealers across the country have shut down their operations, which has seriously reduced their profits and wealth. Huang Yi of Zhongsheng Group and Sun Guangxin of Guanghui Group, as the leading dealers in China, have dropped sharply in the rankings, falling from 816th to 836th and 540th to 1063 respectively. It is clear that Zhongsheng Group, which has more luxury brands, is better able to withstand the impact of the epidemic this year.

Li Bin, CEO of Xilai, a new power car company, has been on the Forbes billionaire list for two years in a row, but has not seen his list in 2020. On the contrary, he Xiaopeng, who is also a new power, ranked 1730 with a net worth of US $1.2 billion, which shows that Li Bin, who is faced with repeated financial difficulties in 2019, has "saved" a lot through his own wealth.

Looking at the latest Forbes billionaire list in 2020, it has to be said that various industries have suffered a great impact under the impact of the COVID-19 epidemic, among which the automobile, as a major domestic consumption, is one of the industries with the greatest impact. as a result, the wealth of many billionaires has shrunk sharply and their rankings have slipped.

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