Table of Contents
Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $14 billion | N/A | N/A | N/A | N/A | N/A | Business Personalities | N/A |
Maria-Elisabeth & Georg Schaeffler, a mother-and-son duo, are prominent business personalities who have amassed a staggering net worth of $14 billion. They are known for their ownership of the Schaeffler Group, one of the world’s largest producers of roller bearings for automotive, aerospace, and industrial applications. Maria-Elisabeth took over the company after her husband’s demise, and her son Georg started assisting her in its management later on.
Highlights
- Maria-Elisabeth & Georg Schaeffler have a combined net worth of $14 billion.
- They own the Schaeffler Group, a leading producer of roller bearings.
- Georg Schaeffler initially practiced international business law before joining his mother in managing the company.
- The Schaeffler Group acquired Continental AG, a major tire and auto parts maker, for $15 billion in 2008.
- Currently, the Schaeffler Group holds a 36% stake in Continental.
Early Life
Maria-Elisabeth’s and Georg’s detailed early life information is not available in the provided article. However, their journey as business personalities began when Maria-Elisabeth took charge of the Schaeffler Group after her husband passed away in 1996. As for Georg, he practiced international business law in Dallas before joining his mother in managing the company in 2009.
Career
Maria-Elisabeth & Georg Schaeffler’s professional journey revolves around their ownership and management of the Schaeffler Group. The company specializes in manufacturing roller bearings for automotive, aerospace, and industrial purposes. Maria-Elisabeth took control of the company following her husband’s death and has been guiding it since then.
In 2008, the Schaeffler Group made headlines by acquiring Continental AG, a prominent European tire and auto parts manufacturer, for an astonishing $15 billion. However, due to the massive debt incurred from the takeover, the group restructured $16 billion in debt just a year later. Currently, the Schaeffler Group retains a 36% stake in Continental AG.
Georg Schaeffler played a pivotal role in assisting his mother in the management of the company, leveraging his expertise in international business law. He has contributed to the ongoing success of the Schaeffler Group.
Personal Life
While the provided article does not offer insight into the personal lives of Maria-Elisabeth & Georg Schaeffler, it is important to acknowledge their endeavors as business personalities.
Net Worth Over Time
The net worth of Maria-Elisabeth & Georg Schaeffler has consistently remained at an impressive $14 billion.
Components of Net Worth
The majority of their net worth is derived from their 80% stake in the Schaeffler Group. This ownership includes interests in both Schaeffler AG and Continental. While Schaeffler AG is a German manufacturer specializing in automotive supplies, including ball bearings, Continental is a renowned auto parts maker.
Their tremendous wealth is also a result of the Schaeffler Group’s revenue, which amounted to $14.7 billion in 2015. This remarkable success can be attributed to their expertise in producing roller bearings for various industries.
Additionally, Georg Schaeffler owns 36.8% of the majority shares of Continental, further contributing to their overall net worth.
Disclaimer: All net worth figures provided in this article are based on publicly available information and estimations. Corrections and feedback are welcome.