Georg F. W. Schaeffler
- January 19, 2024
- Businessman
Quick Facts
Georg F. W. Schaeffler Biography
| Birthday | Oct 19 |
| Birth Year | 1964 |
Georg F. W. Schaeffler is one of the most popular and richest Businessman who was born on October 19, 1964 in Erlangen, Bavaria, Germany.
Schaeffler was born in Erlangen. From 1986 to 1990, Schaeffler studied business and economics at the University of St. Gallen, Switzerland, and worked within the Schaeffler Group from 1990 to 1996. He later went on to receive a law degree and a masters from Duke University and practised international business law in Dallas. He served two years in the German armed forces, reaching the rank of lieutenant in the air force reserves.
Schaeffler has expanded the company over the years. In 1999, he took over the German automotive manufacturer LuK GmbH, and in 2002, the German producer of ball bearings FAG Kugelfischer. After the expense of $15 billion, in 2008 Georg and the newly founded Schaeffler Group, acquired auto parts giant and one of the largest tire manufacturers in the world, Continental AG. The Schaeffler Group employs over 80,000 people in 170 locations in 49 different countries.
Georg Friedrich Wilhelm Schaeffler (born 19 October 1964) is a German billionaire businessman, owner of 80% of the holding company INA Holding Schaeffler GmbH & Co. KG, which includes Schaeffler AG. His mother, Maria- Elisabeth Schaeffler, owns the other 20%. Both inherited their fortune from Schaeffler’s father, Georg Schaeffler, who died in 1996. Schaeffler is the head of the supervisory board of Schaeffler Group and a member of the supervisory board of Continental AG. As of March 2020, Schaeffler was ranked by ‘Forbes’ as the 96th richest person in the world, with a net worth of $11.2 billion.
Georg F. W. Schaeffler Net Worth
| Net Worth | 10.2 billion USD (2020) |
| Source Of Income | Businessman |
| House | Living in own house. |
Net Worth: As of 2020, Georg F. W. Schaeffler’s net worth is estimated to be around 10.2 billion USD. His substantial fortune primarily stems from his majority ownership of INA Holding Schaeffler GmbH & Co. KG, an international manufacturing conglomerate. Moreover, he also owns a significant stake in the automotive parts manufacturing giant Continental AG. As compared to similar profiles in the manufacturing industry worldwide, Georg Schaeffler possesses a considerable share of wealth and influence.
Early Life: Georg F. W. Schaeffler was born on October 19, 1964, in Erlangen, Germany. He inherited most of his current wealth from his father, Georg Schaeffler, who died in 1996. Schaeffler pursued higher education from 1986 to 1990 at the prestigious University of St. Gallen, Switzerland, where he studied business and economics. Upon completing his studies, he joined the Schaeffler Group, leading up to his eventual role as Head of the Supervisory Board.
Career and Financial Growth: Throughout his career, Schaeffler has overseen significant company expansion. His notable acquisitions include German automotive manufacturer LuK GmbH in 1999, ball bearings producer FAG Kugelfischer in 2002, and a $15 billion investment to acquire automotive parts giant Continental AG in 2008.
Source of Net Worth: Schaeffler’s net worth principally stems from his business operations. As a successful businessman, he used his acumen to expand and diversify his holdings, primarily through the Schaeffler Group. Furthermore, sponsorship and endorsement deals, if any, have not been publicly disclosed.
Personal Projects and Ventures: Although his primary profession and wealth source lies in the business industry, Schaeffler’s personal ventures outside of his chief profession remain unpublicized.
Philanthropy: While details about Georg F. W. Schaeffler’s philanthropic initiatives are sparse, it is common for businessmen of his profile and wealth to contribute to various charitable causes in areas such as education, health, and community development.
Recent Developments: In recent times, economic trends such as the rise of electric vehicles and a focus on renewable energy can impact the traditional automotive parts industry, potentially influencing Schaeffler’s future net worth. However, companies like Schaeffler Group have displayed adaptability over the years, opening the possibility of them capitalizing on these new market innovations.
Height, Weight & Body Measurements
Georg F. W. Schaeffler height Not available right now. Georg weight Not Known & body measurements will update soon.
Who is Georg F. W. Schaeffler Dating?
According to our records, Georg F. W. Schaeffler married to Divorced. As of January 13, 2024, Georg F. W. Schaeffler’s is not dating anyone.
Relationships Record : We have no records of past relationships for Georg F. W. Schaeffler. You may help us to build the dating records for Georg F. W. Schaeffler!
Facts & Trivia
Georg Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in Germany. Georg F. W. Schaeffler celebrates birthday on October 19 of every year.