Georg Schaeffler Net Worth(2024)
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Georg Friedrich Wilhelm Schaeffler Net Worth, Biography & Lifestyle:
Georg is a German businessman who owns the Schaeffler Group. He is the head of the supervisory board of Schaeffler Group.
Georg Schaeffler’s net worth is currently at $6.3 million.
Schaeffler owns 80% of the Schaeffler Group. The Group is active in the sector of automotive and aerospace.
Besides owning a large percentage of the company, INA Holding Schaeffler GmbH & Co., he holds a Law degree and a master’s from Duke University.
I guess you are curious about this man… right?. Let’s take you through every detail of his net worth and personal life.
Today, we’re looking through Georg Schaeffler’s net worth details, along with:
Table of Contents
He’s quite an interesting man. He has built his career in a way one might find fascinating. I’m sure you don’t want to miss how he made it to the Forbes list.
He owns INA Holding Schaeffler GmbH co, and he’s also the head of the supervisory board of Schaeffler Group. These businesses generate Georg Schaeffler net worth.
The holding of Schaeffler GmbH Co has survived a number of things.
We don’t only come to you with his net worth, businesses, and family, but we also bring to you his scandals, fun facts, and FAQs about him.
Let’s get you hooked…
Who Is Georg Schaeffler?
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<a href="https://www.insiderbusinessschool.com"><img src="https://www.insiderbusinessschool.com/wp-content/uploads/2022/11/Georg-Schaeffler-Net-Worth01.webp" alt="Georg Schaeffler" ></a>| Net Worth: $6.3 billion |
| Date of Birth: October 19th, 1964 59 yrs old |
| Source of Wealth: Owner of Schaeffler group |
| Nationality: Germany |
| Birth Name: Georg Friedrich Wilhelm Schaeffler |
| Spouse: Divorced |
| Children: 4 |
| Zodiac Sign: Scorpion |
Georg is a German businessman. He owns the Schaeffler Group with his mother, Maria Elisabeth Schaeffler. Georg Schaeffler has a Law degree and a master’s from Duke University.
After obtaining his Law degree, Georg practiced international business law in Dallas. His colleagues didn’t know that he was from a wealthy family.
After Schaeffler’s father, Wilhelm Schaeffler, died, his mother Maria Schaeffler, took over their family business. Georg joined his mother in 2009, and they started working together.
He’s currently the head of Schaeffler Group’s supervisory board. The German billionaire businessman is into the auto market. Together with his mother, Maria Elisabeth Schaeffler, Thumann owns Continental AG.
Georg Schaeffler ranked 96th richest person in the world by Forbes.
Georg Schaeffler Age
Georg Schaeffler was born on October 19th, 1964. Georg Schaeffler is currently 59 years old.
Georg Schaeffler Height & Weight
Georg Schaeffler’s height is approximately 176 cm. His body weight is approximately 77 kg. He has the same body weight as Gianluca Vacchi, an Italian businessman and a social media celebrity.
And also, his height is approximately the same as the height of Jeff Bezos, a businessman, and owner of Amazon.
Georg Schaeffler Weight & Other Quick Facts
Georg Friedrich Wilhelm Schaeffler weighs approximately 77kgs.
Other Quick Facts:
How Much Is Georg Schaeffler Worth?
Georg Schaeffler’s Net Worth is $6.3 billion. He accumulated his wealth through his automotive dealing business. That includes Schaeffler AG and Continental AG.
He owns 80 % of the Schaeffler Group. The other 20% belongs to his mother, Maria Elisabeth Schaeffler. This is a family business they inherited from his father, Wilhelm Schaeffler.
He also owns Continental AG. He got into this company in 2008 when it wasn’t doing so well. He made the most out of it. All of his businesses focus on the automotive and aerospace industry.
Georg Schaeffler Net Worth Year By Year
| Year | $ Net Worth |
| 2018 | $20.1 billion |
| 2019 | $12.9 billion |
| 2020 | $11.2 billion |
| 2021 | $7.9 billion |
| 2022 | $6.3 billion |
The Schaeffler Group and Investments
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<a href="https://www.insiderbusinessschool.com"><img src="https://www.insiderbusinessschool.com/wp-content/uploads/2022/11/Georg-Schaeffler-Net-Worth01.webp" alt="Georg Schaeffler" ></a>Their investment includes Schaeffler AG, an automotive company based in Germany. The company manufactures automotive parts. They even supply machine components.
Georg and his mother, Maria Schaeffler, together share the Schaeffler Group. The company is one of the world’s largest producers of machine components and ball bearings.
Continental AG is one of the sources of his estimated net worth. Their investments had a financial crisis in recent years. When the auto market rebounded, Continental’s share price soared.
Georg Schaeffler is the head of the supervisory board in all these businesses.
Here’s the catch:
Schaeffler net worth is higher than his mother’s estimated net worth. Georg Schaeffler and Maria Elisabeth inherited the Schaeffler Group. The Schaeffler Group contributed to their estimated net worth.
The Young Georg Schaeffler
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Georg went to high school and finished in 1984. After that, he went on to spend two years in the German armed force. He reached the lieutenant rank in the air force reserves.
Georg Schaeffler University
In 1886, he went to study a 4-year business administration course. Georg studied at the University of St. Gallen. After this, he worked at his family business, the Schaeffler Group.
After working at the family business, he went to Duke University to study law. He even graduated with a master’s degree. That’s when he got to practice international business Law. Schaeffler studied business and law.
Georg Schaeffler Family & Relationships
Georg Schaeffler doesn’t have a big family. His family consists of his mother, Maria Elisabeth, and the Schaeffler children.
Below is the breakdown of his family and relationships.
Georg Schaeffler Partners
Georg Schaeffler is divorced, and his ex-wife is Bernadette Muehlen. The couple has four children, and they divorced in 2007. Schaeffler has never married since then.
Georg Schaeffler Children
Georg and his ex-wife gave birth to 4 children before they divorced, but little to no information is available about their children.
Georg Schaeffler’s Mum
The mother of Georg is Maria Elisabeth Schaeffler.
Besides being his mother…
…Maria Elisabeth Schaeffler is also his business partner. They’re shareholders in their family business. They inherited it when Wilhelm Schaeffler died.
She married the German president of the Federations of German Industries.
Georg Schaeffler Dad
He is the son of Wilhelm Schaeffler and the late former owner of Schaeffler Group, from whom Georg and Maria inherited the company. His father started the Schaeffler Group with his brother. When his brother died, he became the sole owner of the company until he died in 1998.
Family Georg Schaeffler
George W. Schaeffler was born on 19 October 1964 in Erlangen in the German city of Erlangen by Georg Schaeffler.
His family owns Schaeffler’s company. In 2004, his mother, Maria Schaeffler, also represented CSU in Germany’s 2004 federal election.
Her reputation was high as an outstanding lady with numerous awards in the industry over the years.
In fact…
…she was among the 15 German Business Advisers attending the Hannover Mess.
Barack Obama hosted the conference. Georg Schaeffler’s father was unknown until recently. Bernadette Muehlen married Georg Schaeffler. The family consists of four children.
Georg Schaeffler Past Relationships
Georg was married to Bernadette. The couple gave birth to 4 children. Unfortunately, in 2007 they decided to part ways.
Now we are heading to the juicy part about the life of this German billionaire businessman.
I mean, we all want to know what this personality has been up to… right?. And now, we get to dive into his personal life. This includes his current and previous relationship statuses, scandals, and controversies.
It doesn’t end there….
We’ll also share how he spends his money and assets and how active he is when it comes to charity work.
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Georg Schaeffler 1984- 1986
Between these years, Georg Schaeffler served the German armed forces. He reached lieutenant rankings in the air force reserves. Afterward, he went to study at the University of St. Gallen. He then studied law and practiced international business law.
Georg Schaeffler 2008
He took over Continental AG as a department finance deal. This company is a tire and auto parts trader.
He is the head of the supervisory board of Continental AG. This company is part of his investments and contributes to his net worth.
Georg Schaeffler 2009
He joined his mother, Maria Elisabeth Schaeffler, at their family business. Schaeffler studied business.
Georg Schaeffler associates
Georg Schaeffler’s closest associate is his mother, Maria Elisabeth Schaeffler. She is a business partner to him. Maria Elisabeth is now married to the German president of the Federations of German Industries.
In their business, Georg Schaeffler is the head of the supervisory board of the Schaeffler Group. Maria Elisabeth Schaeffler net worth is from their business.
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Going from hero to zero could only mean one thing for a billionaire… yes, bankruptcy.
In 2018, Georg Schaeffler and his mother, Maria Elisabeth Schaeffler, lost about three-quarters of their wealth. The Schaeffler Group lost tens of millions in a short period of time.
Whoa.. in one year….
This was believed to have caused the world’s shift to electric cars.
They begged the German government to assist them, but they failed. They went from being billionaires to being called ‘billionaire beggars’ hectic….
How Georg Schaeffler Spends His Money
He spends money participating in charity. This personality seems to not have much interest in spending, especially for leisure purposes.his money is business.
Georg Schaeffler Philanthropy
There is the Georg Schaeffler Foundation launched in 2022. The Foundation focuses a lot on research and science, including climate, environmental protection, and education.
The Georg Schaeffler Foundation is currently based in the U.K and also internationally. The Foundation equips medical doctors and nurses with resources. Those are necessary life-saving resources that they need.
The foundation was formed as a celebration of the 75th anniversary of their business. It was a great way to celebrate a milestone. A foundation that caters to the health needs of the public is something worth celebrating.
Fun Facts About Georg Schaeffler
5 Lessons We Can Learn For Financial Freedom From Georg Schaeffler.
Learn to take advantage of possible opportunities.
When Georg Schaeffler got Continental AG, It was a debt financed deal. He took advantage of its vulnerability at that time. And right now, it is one of the world’s largest producers of auto parts and tires
Never let setbacks discourage you.
In 2018, Georg Schaeffler and his mother, Maria Elisabeth Schaeffler, lost at least three-quarters of their wealth. With no help from the German government, they still thrived in business after their loss.
If you have businesses, have a business education background.
Georg Schaeffler did not run his business based only on his family business background. He added a bit of education on top.
You are going to face challenges. Do not back down.
From the business side of this personality, we see that he even faced a financial crisis. So if you get into business, expect this. Please take it as a lesson, not a reason to quit.
Work with people who want the best for you.
Georg Schaeffler does business with his mother, Maria Elisabeth Schaeffler. A business partner that also wants the best for you will work hard with you to make it happen. And the business will also be within their family.
Top Quotes From Georg Schaeffler
” A bit of luck is also part of it (the success of the Continental AG takeover), but as you know, fortune favors the brave.”
FAQs: Frequently Asked Questions
Q- Who is the owner of Continental AG?
A- Georg Schaeffler took over Continental AG in 2008.
Q- Is Maria Elisabeth Schaeffler the wife of Georg Schaeffler?
A- No, Maria Elisabeth Schaeffler is his mother. Georg is divorced.
Q- How many children does Georg Schaeffler have?
A- He has four children with his ex-wife Bernadette Muehlen.
Q-What is Georg Schaeffler net worth?
A- His estimated worth is currently $6.3 billion.
Q- Is Georg Schaeffler bankrupt?
A- No, he did encounter financial problems that reduced his wealth, but he is not bankrupt.
Conclusion: Georg Schaeffler Net Worth
I hope it was inspiring getting to know the German billionaire businessman in detail. The personality has a lot of interesting things going on in his life.
With all that…
I admire his courage and fighting spirit; no one comes out of a financial crisis with a fair fight. This personality teaches bravery, as per his quote.
I hope he inspires you. You can also check the net worth articles of Bear Grylls and Tyga among many others on Insider Business School.
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