Georg Schaeffler

$15.96 B

Ranked #171 in World

About Georg Schaeffler

German billionaire industrialist Georg Friedrich Wilhelm Schaeffler, born on October 19, 1964, is renowned for his majority ownership of INA Holding Schaeffler GmbH & Co. KG, enveloping Schaeffler AG. Schaeffler, an alumnus of the University of St. Gallen and Duke University, with expertise in business, economics, and law, has spearheaded his group's evolution, including notable acquisitions such as LuK GmbH, FAG Kugelfischer, and Continental AG. His multinational enterprise sustains over 80,000 employees worldwide, boasting a substantial net worth of $20.1 billion as reported by Forbes. Holding the 96th spot in the Forbes global billionaires ranking and the 4th in Germany, his familial wealth balloons to $34 billion when combined with his mother's assets. An active member of Commerzbank's Central Advisory Board, Schaeffler balances his business responsibilities with personal engagements in Herzogenaurach and frequent visits to the U.S.

Born

October 19, 1964 in Erlangen, Germany

Age

61 years

Source Of Wealth

Auto Parts

Industries

Automotive

Citizenship

Germany

Residence

Herzogenaurach

Children

Parent

Georg and Maria-Elisabeth Schaeffler

Georg Friedrich Wilhelm Schaeffler, a German billionaire businessman, was born on 19 October 1964 in Erlangen, Germany. He is the son of Maria-Elisabeth Schaeffler and Georg Schaeffler, the founder of the Schaeffler Group.

Georg Schaeffler: Family

Georg Schaeffler is divorced and has four children. He currently resides in Herzogenaurach, Germany, and frequently visits the United States.

Georg Schaeffler: Career Highlights

After completing his studies in business and economics at the University of St. Gallen in Switzerland, Georg Schaeffler began working within the Schaeffler Group from 1990 to 1996. He then pursued a law degree and a master's from Duke University and practiced international business law in Dallas, Texas.

Schaeffler also served two years in the German armed forces, where he reached the rank of lieutenant in the air force reserves.

Georg Schaeffler: Companies

Under Georg Schaeffler's leadership, the Schaeffler Group expanded significantly. In 1999, the group acquired LuK GmbH, followed by FAG Kugelfischer in 2002. In 2008, Schaeffler Group made a notable acquisition of Continental AG.

Today, the Schaeffler Group employs over 80,000 people across 170 locations in 49 different countries.

Georg Schaeffler: Major Achievements

Georg Schaeffler is widely recognized for his successful expansion of the Schaeffler Group. His strategic acquisitions and business acumen have contributed to the group's global presence and prominence in the automotive and industrial sectors.

Georg Schaeffler: Awards & Achievements

Schaeffler's contributions to the business world have been acknowledged through various awards and recognitions. He is a member of the Central Advisory Board of Commerzbank, a leading German bank.

Georg Schaeffler: Personal Life & Legacy

Despite his professional success, Georg Schaeffler maintains a relatively private personal life. He is known for his dedication to his work and his commitment to the Schaeffler Group's continued growth and success.

Georg Schaeffler: Trivia

Georg Schaeffler's combined wealth with his mother, Maria-Elisabeth Schaeffler, is estimated to be around US$34 billion. According to Forbes, he has a net worth of US$20.1 billion, ranking him #96 on the list of global billionaires and #4 in Germany as of March 2020.

Wealth History

Timeline

19 October 1964

Georg Friedrich Wilhelm Schaeffler was born in Erlangen, Germany.

1990-1996

Schaeffler worked within the Schaeffler Group.

1999

Schaeffler Group acquired LuK GmbH.

2002

Schaeffler Group acquired FAG Kugelfischer.

2008

Schaeffler Group acquired Continental AG.

March 2020

Schaeffler was ranked #96 on Forbes' list of global billionaires and #4 for Germany.

Georg Schaeffler : FAQs

What is Georg Schaeffler's current net worth?

Georg Schaeffler's current net worth is $15.96 billion.

What is Georg Schaeffler's current global rank among billionaires?

Georg Schaeffler holds the 171st position globally among billionaires.

What is Georg Schaeffler's current ranking within the Germany?

Georg Schaeffler holds the 11th position in Germany.

What was the change in Georg Schaeffler's net worth compared to the previous year?

Georg Schaeffler's net worth increased by 2.66 billion dollars compared to the previous year 2025, when his net worth was 13.30 billion dollars.

What is the recent change in Georg Schaeffler's net worth?

Georg Schaeffler's net worth decreased by 135.35 million dollars recently, a 0.85% decrease, with his net worth standing at 15.96 billion dollars.

What are Georg Schaeffler's main sources of wealth?

Georg Schaeffler's main source of income comes from Auto Parts.

In which industry does Georg Schaeffler primarily operate?

Georg Schaeffler is primarily involved in the Automotive industry.

How old is Georg Schaeffler?

Georg Schaeffler is 61 years old.

How many children does Georg Schaeffler have?

Georg Schaeffler has 4 children.

Who is Georg Friedrich Wilhelm Schaeffler and what is his role at INA Holding Schaeffler GmbH & Co. KG?

Georg Friedrich Wilhelm Schaeffler is a German billionaire businessman who owns 80% of INA Holding Schaeffler GmbH & Co. KG, which encompasses the operations of Schaeffler AG, a leading global automotive and industrial supplier.

What is the educational and professional background of Georg Schaeffler?

Georg Schaeffler studied business and economics at the University of St. Gallen in Switzerland and worked for Schaeffler Group from 1990 to 1996. He also holds a law degree and a master's from Duke University and has practiced international business law in Dallas, Texas.

How has Georg Schaeffler contributed to the expansion of the Schaeffler Group?

Georg Schaeffler played a pivotal role in expanding the Schaeffler Group through strategic acquisitions, including LuK GmbH in 1999, FAG Kugelfischer in 2002, and Continental AG in 2008, consequently growing the company's global presence.

What are some personal details about Georg Schaeffler's life outside of business?

Georg Schaeffler is divorced with four children and resides in Herzogenaurach, Germany. Despite his business commitments, he maintains a connection with the United States, visiting several times a year.