Georg Schaeffler
$10.01B
$38.9M (-0.4%)
as of 04/02/25
About Georg Schaeffler
Georg Schaeffler and his mother, Maria-Elisabeth, own Schaeffler Group, one of the world's largest producers of ball bearings and machine components.
In 2009, he joined his mother. She'd been running Schaeffler after the death of her husband, Wilhelm, who founded the firm with his brother in 1946.
A year before, the company took over tire and auto parts giant Continental AG in a $15-billion, debt-financed deal.
In the wake of the financial crisis, it seemed the high-wire act might fail. But as the auto market rebounded, Continental's share price soared.
Georg and Maria-Elisabeth's combined 46% stake in Continental accounts for most of their wealth.
Personal stats
Citizenship
GermanySource of wealth
Auto partsResidence
Herzogenaurach, GermanyMarital status
DivorcedBirth date
10/19/64 (age 60)Number of children
4Self-made
inherited and growingGeorg Schaeffler’s fortune is worth
167K
troy ounces of gold
154K
median U.S. household
100K
median U.S. income
0.2%
U.S. credit card volume
0.04%
GDP of the United States
0.029%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Georg, who owns 80% of Schaeffler Group, leads a quiet life in the U.S., while Maria-Elisabeth, with 20%, lives in the tony Austrian ski resort town of Kitzbuehel.
Net worth over time
Real-time ranking
Financial assets
XETRA | CON-DE
Continental AGXETRA | SHA0-DE
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