$8 Billion         |         Rank #275

Who is Georg Schaeffler

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. Georg Schaeffler is from those few lucky persons who were born rich. He has inherited most of the part of his Wealth. Which leads to the fact that it was comparatively easy for Georg Schaeffler to make it into the worldwide list of billionaires and is among the wealthiest persons on earth. He is currently 57.0 years old. Georg Schaeffler and his mother, Maria-Elisabeth, own Schaeffler Group, one of the world’s largest producers of ball bearings and machine components. As of today, Georg Schaeffler’s net worth is roughly 8 Billion.

Facts about Georg Schaeffler

To find out what is Georg Schaeffler Net Worth, how he got there and what is Georg Schaeffler Salary Per Day, Career, Biography and Childhood details, continue reading below.

Early Life of Georg Schaeffler

Georg Schaeffler was born on 19-10-64 in Germany. 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. Georg used to practice business law in Dallas. Colleagues only learned of his wealthy background after he first appeared on the Forbes list in 2003. Being raised in the same country, Georg Schaeffler spent most of his time in nan in the city of Herzogenaurach.

Georg Schaeffler net worth is estimated at 8 Billion Billion to date.

Professional Journey

Georg Schaeffler is currently working as Entrepreneur at the world famous nan. You will see him often in social media.  Georg Schaeffler and his mother, Maria-Elisabeth, own Schaeffler Group, one of the world’s largest producers of ball bearings and machine components. There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. 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. In his youth, he was adventurous but unknown, but that was years ago. 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. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Georg Schaeffler and his mother, Maria-Elisabeth, own Schaeffler Group, one of the world’s largest producers of ball bearings and machine components.
It will not be wrong if we say that Georg Schaeffler is one of the granted billionaires who inherited most part of the wealth and stands at 275 in most wealthiest persons in the world.

FAQs

Here are a few most frequently asked questions about Georg Schaeffler:

How much is Georg Schaeffler worth?

Georg Schaeffler’s net worth is estimated to be 8 Billion.

How old is Georg Schaeffler?

Georg Schaeffler was born on 19-10-64, and is currently 57.0 years old.

What is Georg Schaeffler source of income?

Georg Schaeffler acquires most part of his wealth from auto parts.
 

Concluding Georg Schaeffler Net Worth

Currently with a net worth of 8 Billion, Georg Schaeffler stands at 275 in the world billionaires list. And draws most of his wealth from auto parts. Hope you like this information about Georg Schaeffler. If you like this, then please share it with your friends. This above post is all about the estimated worth of Georg Schaeffler. Do you have any queries? Feel free to ask via comment section.

Disclaimer: Please keep in mind that this is an estimated net worth of Georg Schaeffler. Actual worth may vary a little. You can always get information by checking out Leaktown.com.