The net worth of Georg Schaeffler is estimated to be $18.9 billion. Georg Friedrich Wilhelm Schaeffler, born on 19th October 1964 in Erlangen, Germany, is of German and Czech descent. He is recognized as the wealthiest person in Germany and ranks 21st among the richest individuals globally.
Forbes has assessed his net worth to be $18.9 billion, and a significant portion of his wealth has been amassed through his company, Schaeffler AG.
Georg studied business and economics at the University of St. Gallen in Switzerland, and he graduated in 1990. Following this, he worked within the Schaeffler Group from 1990 to 1996. He also spent two years in the German armed forces, attaining the rank of lieutenant in the Luftwaffe Reserve. Georg pursued further education at Duke University in North Carolina, USA, earning a combined degree of Juris Doctor (cum laude) and Master of Law in international and comparative law in 1999. Subsequently, he practiced international business law in Dallas, seeking a degree of anonymity and independence away from the family business.
Georg’s mother, Maria-Elisabeth, took over the company in 1996 after the passing of her husband, Wilhelm Schaeffler. Georg joined his mother in 2009, though they have a CEO who manages the company’s daily operations. Currently, Georg serves as the Chairman of the Supervisory Board of Schaeffler AG and is the owner of the Schaeffler Group. Additionally, he holds positions in the Supervisory Board of Continental AG and its Executive Committee.
Georg’s wealth is primarily derived from his ownership of 80% of the bearing company, INA Holding Schaeffler GmbH & Co. KG, which includes Schaeffler AG. This company is one of the world’s largest producers of roller bearings and machine components. The remaining 20% is owned by his mother.
Georg Schaeffler has been married twice, first to Bernadette Muehlen, and he is currently single. He has four children and resides in Herzogenaurach, Germany.
Below is a table showing some structural information related to Georg Schaeffler:
Structural Info
Net Worth $18.9 Billion
Date Of Birth October 19, 1964
Place Of Birth Erlangen Germany
Education University of St. Gallen, Duke University
Parents Maria-Elisabeth Schaeffler
