Age, Biography and Wiki
| Birth Year | 1955 |
| Birth Place | Naples, Florida, United States |
| Age | 68 YEARS OLD |
| Residence | Naples, Florida, US |
| Alma mater | Michigan State University |
| Occupation | Founder and CEO, Arthrex |
| Known for | Owner of 95% of Arthrex |
| Spouse(s) | married |
| Children | 2 |
Net worth: $7.7 Billion (2024)
Reinhold Schmieding's net worth is projected to reach an impressive $7.7 billion in 2024. He is widely recognized as a prominent figure in the healthcare industry in the United States. Through his relentless dedication and entrepreneurial acumen, Schmieding has made significant contributions to the advancement of healthcare technology and services. As the founder and CEO of Arthrex, a global medical device company, Schmieding has revolutionized minimally invasive orthopedic surgery, leading to improved patient outcomes and quality of life. With his immense wealth and influential position, Schmieding continues to shape the healthcare landscape, inspiring others in his quest to provide better healthcare solutions for all.
Famous Quotes:
Our corporate mission, making people better, is founded on healthcare innovation, new job creation, employee well-being, and charitable giving.
Biography/Timeline
In 1981, Schmieding started a medical device company called Arthroscopy Excision Instruments Inc., which focused on an emerging procedure known as arthroscopy. The initial investment was $60,000 from Schmieding's personal savings. After starting the company, Schmieding did not make a profit for the first two years. He ran his company from a fold-out table in his small apartment in the Olympic Village.
Currently, Arthrex distributes its products to more than 90 countries worldwide. It has subsidiaries throughout Europe, including Germany, Austria, Belgium, England and France. In 1991, the headquarters shifted to Naples, Florida. From then, the company has grown from two employees to over 2000. In 2015, Arthrex Inc. was named as one of Fortune 100 Best Companies to Work For.
