Reinhold Schmieding
Healthcare

Reinhold Schmieding Net Worth

He was born in 1955 in Naples, Florida and moved to Munich, Germany in 1981 to start Arthrex, an orthopedic surgical tools company. The company has since grown to become a leader in the orthopedic industry, developing over 11,000 products used in shoulder, hip and other joint surgeries.
Reinhold Schmieding is a member of Healthcare

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.

2013 $2.5 Billion
2014 $3.5 Billion
2015 $4.1 Billion
2016 $4.4 Billion
2017 $4.4 Billion
2018 $5.14 Billion

Famous Quotes:

Our corporate mission, making people better, is founded on healthcare innovation, new job creation, employee well-being, and charitable giving.

Biography/Timeline

1973

He was born in Michigan, the son of a dentist, his parents having emigrated from Germany six months prior to his birth. He was educated at Michigan State University from 1973-77.

1981

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.

1991

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.

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.