Billionaire Profile
F
Global Rank
#1341

Image: Bruno Frank | Public domain | via Wikimedia Commons

Frank Blase

CEO, Plastics
GERMANY
Real-Time Net Worth
$3.106B
Estimated based on Plastics stock value as of March 6, 2026
0% (24h)
Age
66
Source
Plastics
Industry
Manufacturing
Citizenship
GERMANY

Biography

Frank Blase, a German national, is the CEO of igus GmbH, a global leader in high-performance plastics for moving applications. Born in 1960, and with a net worth estimated at $3.2 billion, Blase has dedicated his career to expanding the company his father founded in 1964. Igus specializes in motion plastics, offering innovative solutions for various industries. Under his leadership, igus has grown to over 5,000 employees worldwide, achieving over 1 billion euros in sales, and is known for developing the world's first plastic bike. His commitment to technological advancement and cost reduction has established igus as a key player in the global manufacturing sector.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Family

Frank Blase was born in Germany. His father, Günter Blase, founded igus in 1964 in a double garage in Cologne-Mülheim. The company started as a supplier of intricate technical plastic components.

Rise to Success

In 1983, Frank Blase began to focus on expanding igus' product line, concentrating on energy chain systems and plastic bearings. He established a separate marketing department to support this growth. From 1985 to 2015, under Frank’s leadership, igus expanded from 40 to over 2,700 staff members distributed all over the world. His strategic vision drove the company's expansion, making igus a global leader in motion plastics. In 2024, Igus developed the world's first bike made from plastic.

Key Business Strategies

Key to Frank Blase's success has been a focus on innovation and the application of advanced materials. This strategy led to the creation of various products, including the development of low-cost robotics and land power solutions for ports through the business unit “Sharepower.”

Philanthropy

There is no publicly available information on Frank Blase’s specific philanthropy initiatives or amounts as of February 3, 2026.

Career Milestones

1964

Igus Founded

Günter Blase founded igus in Cologne-Mülheim.

1983

Focus on Full Products

Frank Blase concentrated on energy chain systems and plastic bearings, establishing a separate marketing department.

2024

Plastic Bike Development

Igus developed the world's first bike made from plastic.