Maria-Elisabeth Schaeffler Net Worth

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Maria-Elisabeth Schaeffler-Thumann is the proprietor of Schaeffler Group, a world-renowned producer of ball bearings and machine components. Founded in 1946 by her husband and his brother Wilhelm, the company initially only produced wooden buttons and belt buckles. In 1949, Georg developed the needle cage, which became the foundation for the company's success. Following the death of Georg in 1996, Maria-Elisabeth took over and in 2008, Schaeffler Group announced a $15-billion, debt-financed takeover of publicly traded tire and auto parts giant Continental AG. Her son, Georg, joined her in running Schaeffler in 2009 and in 2015, they took Schaeffler public. Maria-Elisabeth is the public face of Schaeffler and has received various accolades for her entrepreneurial and civic achievements. In 2014, she married Juergen Thumann, former head of the German industrial organization BDI, where she is a member of the executive committee.
Maria-Elisabeth Schaeffler is a member of Automotive

Age, Biography and Wiki

Birth Place

Herzogenaurach, Germany, Germany

💰 Net worth: $3.1 Billion (2024)

Maria-Elisabeth Schaeffler, also known as Automotive in Germany, is a prominent figure in the automotive industry. As of 2024, her net worth is estimated to be an impressive $3.1 billion. She has achieved this remarkable financial status through her successful endeavors in the field of automotive manufacturing. Her contributions to the industry, along with her innovative and visionary approach, have undoubtedly contributed to her immense wealth. Maria-Elisabeth Schaeffler's net worth solidifies her as one of the most influential and successful individuals in the automotive sector in Germany and beyond.

2014 $3.6 Billion

2015 $6.7 Billion

2016 $4.5 Billion

2017 $5.2 Billion

2018 $6.37 Billion

Biography/Timeline

1963

In 1963 Schaeffler married Georg Schaeffler, and moved to Herzogenaurach in Franconia, which is located within Bavaria. It was through Schaeffler's marriage that she would come to work for Schaeffler Group AG. In 1996 Georg died, and she took the reins of the family Business.

1996

Since 1996 Schaeffler Group AG has seen an increase in annual turnover and employment. By 2013 the annual turnover reached approximately 10 billion Euros, and the employment tripled to over 70,000 employees, an impressive mark for a completely privately owned company.

1999

In 1999, Schaeffler led the acquisition of LUK, a clutch manufacturer, obtaining all of the shares of the company for Schaeffler Group AG. In 2001 she led the acquisition of FAG Kugelfischer Georg Schäfer AG Schweinfurt, with the acquisitions of FAG and INA, Schaeffler Group AG had become the second largest Producer of rolling bearings in the World. In 2009 Schaeffler Group purchased a significant share of the company Continental AG.

2004

Schaeffler served as a CSU delegate to the Federal Convention for the purpose of electing the President of Germany in 2004. During the Hannover Messe in April 2016, she was among the 15 German corporate Leaders who were invited to a private dinner with President Barack Obama.

Some Maria-Elisabeth Schaeffler images

Tags Female billionaires German businesspeople German billionaires Living people 1941 births Officers Crosses of the Order of Merit of the Federal Republic of Germany German women in business People from Prague