Georg Schaeffler Net Worth

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Georg Schaeffler and his mother, Maria-Elisabeth Schaeffler-Thumann, are the proprietors of Schaeffler Group, a leading producer of ball bearings and machine components. Georg's father, Wilhelm Schaeffler, and his uncle founded the company in 1946. Georg developed the needle cage, which became the foundation for the company's success, in 1949. Maria-Elisabeth took over in 1996, following the death of Georg. Georg studied law in the U.S. and worked for Schaeffler Group from 1990 to 1996. In 2008, Schaeffler Group announced a $15-billion takeover of Continental AG. Georg joined his mother in running Schaeffler in 2009 and in 2015, they took Schaeffler public. Georg is the head of the supervisory board of Schaeffler Group and a member of the supervisory board of Continental. He leads a secluded life in the U.S.
Georg Schaeffler is a member of Automotive

Age, Biography and Wiki

Birth Day	October 19, 1964
Birth Place	Herzogenaurach, Germany, Germany
Age	59 YEARS OLD
Birth Sign	Scorpio
Residence	Herzogenaurach, Germany
Alma mater	University of St. Gallen Duke University
Occupation	Chairman, Schaeffler Group
Parent(s)	Georg and Maria-Elisabeth Schaeffler

💰 Net worth: $10.2 Billion (2024)

Georg Schaeffler, renowned as a prominent figure in the automotive industry in Germany, is projected to have a net worth of $10.2 billion in 2024. As a member of the Schaeffler Group, a leading global automotive and industrial supplier, Georg Schaeffler has played a pivotal role in its success and growth. With his immense wealth, he has invaluably contributed to shaping the automotive landscape, facilitating technological advancements, and innovating in the field. Georg Schaeffler's exceptional net worth is a testament to his extraordinary expertise, business acumen, and influential contributions to the automotive industry.

2009 $3.5 Billion

2011 $9.8 Billion

2012 $2 Billion

2013 $2.2 Billion

2014 $14.3 Billion

2015 $26.9 Billion

2016 $18.1 Billion

2017 $20.7 Billion

2018 $25.3 Billion

Biography/Timeline

1986

Schaeffler was born in Erlangen. From 1986 to 1990, Schaeffler studied Business and economics at the University of St. Gallen, Switzerland, and worked within the Schaeffler Group from 1990 to 1996. He later went on to receive a law degree and a masters from Duke University and practised international Business law in Dallas. He served two years in the German armed forces, reaching the rank of lieutenant in the air force reserves.

1999

Schaeffler has expanded the company over the years. In 1999 he took over the German Automotive manufacturer LuK GmbH, and in 2002, the German Producer of ball bearings FAG Kugelfischer. After the expense of $15 billion, in 2008 Georg and the newly founded Schaeffler Group, acquired auto parts giant and one of the largest tire manufacturers in the world, Continental AG. The Schaeffler Group employs over 80,000 people in 170 locations in 49 different countries.

2016

According to Forbes, Schaeffler has a net worth of US$20.1 billion. In May 2016, Schaeffler was ranked #39 on Forbes' list of global billionaires and #4 for Germany. He and his mother’s (Maria-Elisabeth Schaeffler) combined wealth is estimated to be US$34 billion.