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Billionaire Profile
Georg Schaeffler
Global Rank
#168

Image: Armin Pangerl | CC0 | via Wikimedia Commons

Georg Schaeffler

CEO, Auto parts
GERMANY
Real-Time Net Worth
$16.338B
Estimated based on Auto parts stock value as of March 6, 2026
-0.89% (24h)
Age
61
Source
Auto parts
Industry
Automotive
Citizenship
GERMANY

Biography

Georg Schaeffler is a prominent German billionaire businessman, born in 1964. His source of wealth stems from his significant ownership in the Schaeffler Group, a leading automotive supplier and mechanical engineering company. His career began within the family business in 1990, and he later earned degrees from the University of St. Gallen and Duke University. Schaeffler's achievements include leading the Schaeffler Group's global expansion, which includes the merger with Vitesco Technologies, and is currently Chairman of the Supervisory Board. As of February 2, 2026, his net worth is estimated at $14.14 billion.

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

Wealth Over Time

In-Depth Profile

Early Life

Georg Friedrich Wilhelm Schaeffler was born on October 19, 1964, in Erlangen, Germany. He is the son of Georg Schaeffler, who co-founded the Schaeffler Group. He completed his secondary education and served in the German armed forces.

Rise to Success

After studying business and economics at the University of St. Gallen in Switzerland, Schaeffler began his career within the Schaeffler Group in 1990. From 2000 to 2006, he practiced international business law in Dallas, Texas. He returned to the family business in 2009 and became Chairman of the Supervisory Board of Schaeffler AG in 2010. Under his leadership, the company expanded globally, with a focus on innovation and sustainability.

Key Business Strategies

Schaeffler's key business strategies include strategic investments, a long-term vision, and focusing on innovation and sustainability in the automotive and industrial sectors. A significant strategy was the debt-financed acquisition of Continental AG, which, despite initial challenges, has contributed greatly to the family's wealth. The recent merger with Vitesco Technologies further strengthens Schaeffler's position in the e-mobility sector.

Philanthropy

Information regarding specific philanthropic amounts is unavailable.

Career Milestones

1990

Began working within the Schaeffler Group

Started his career in the family business after completing his studies.

2000-2006

Practiced Business Law in Dallas

Practiced international business law in Dallas, Texas.

2009

Returned to family business

Took an active role in the family business.

2010

Chairman of the Supervisory Board of Schaeffler AG

Became Chairman, overseeing the company's strategy and governance.

2024

Merger with Vitesco Technologies

Strengthened Schaeffler's position in e-mobility and other areas through the merger.

2025

Re-elected as Chairman

Re-elected as Chairman of the Supervisory Board

Philanthropy & Social Impact

Unknown

Unknown

Undisclosed

Philanthropic efforts are not publicly available.

Controversies & Challenges

2012

IRS Audit

The US Internal Revenue Service (IRS) initiated an audit of Schaeffler, determining he owed unpaid taxes and penalties, which was later resolved after several years.

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