Georg Schaeffler Net Worth

Georg Schaeffler Net Worth

Georg Schaeffler Net Worth 2025: Inside the Billionaire’s Automotive Empire

Meta Description: Explore Georg Schaeffler’s 2025 net worth, his journey in the automotive industry, and the strategic moves that built his billion-dollar empire.

Early Life and Background

Georg F. W. Schaeffler, born on October 19, 1964, in Erlangen, Germany, is the son of Schaeffler Group co-founders Maria-Elisabeth and Georg Schaeffler Sr. He studied law at the University of St. Gallen and earned a Master of Law from Duke University. Before joining the family business, he practiced corporate law in Dallas, Texas.

Rise to Success in the Automotive Industry

In 1996, following the death of his father, Georg Schaeffler returned to Germany to join his mother in managing the Schaeffler Group. Under their leadership, the company embarked on a series of strategic acquisitions to expand its global footprint. Notably, in 1999, Schaeffler acquired LuK GmbH, a leading clutch manufacturer, followed by the takeover of FAG Kugelfischer in 2002, enhancing its position in the bearings market.

The most significant move came in 2008 when the Schaeffler Group initiated a €12 billion ($15 billion) acquisition of Continental AG, a major automotive supplier. Despite the global financial crisis posing challenges, the acquisition proved fruitful in the long run, significantly increasing the company’s market share and influence in the automotive sector.

Business Ventures and Investments

Beyond the Schaeffler Group, Georg Schaeffler has diversified his investments across various sectors. He holds a significant stake in Continental AG, with the combined holdings of the Schaeffler family accounting for approximately 46% of the company. Additionally, Georg serves on the Central Advisory Board of Commerzbank, reflecting his influence in the financial sector.

The Schaeffler Group itself has continued to innovate, investing in research and development areas such as electric mobility, smart manufacturing, and advanced materials. These efforts have positioned the company as a key player in shaping the future of critical industries.

Current Georg Schaeffler Net Worth (2025)

As of March 16, 2025, Georg Schaeffler’s net worth is estimated at $10.6 billion, ranking him #243 on Forbes’ list of billionaires. His wealth primarily stems from his 80% ownership stake in the Schaeffler Group and significant holdings in Continental AG. The Schaeffler Group reported revenues of $17.6 billion in 2023, employing over 120,000 people worldwide.

Personal Life and Legacy

Georg Schaeffler, despite his vast wealth, keeps a low profile in the U.S., focusing on business growth and innovation. His partnership with his mother, Maria-Elisabeth, has driven the Schaeffler Group’s success by merging tradition with modern strategies. Their commitment to long-term planning and innovation secures the company’s leadership in the automotive and industrial sectors.

External Sources:

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