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Maria-Elisabeth Schaeffler-Thumann
Global Rank
#911

Image: Unsplash Contributor | Unsplash License | via Unsplash

Maria-Elisabeth Schaeffler-Thumann

CEO, Auto parts
GERMANY
Real-Time Net Worth
$4.71B
Estimated based on Auto parts stock value as of April 20, 2026
-1.13% (24h)
Age
84
Source
Auto parts
Industry
Automotive
Citizenship
GERMANY

Biography

Maria-Elisabeth Schaeffler-Thumann, born in Prague in 1941, is a prominent German businesswoman known for her significant role in the automotive industry. She is the co-owner of the Schaeffler Group, a global leader in manufacturing precision bearings and automotive components. After marrying Dr. Georg Schaeffler in 1963, she became involved with the family business and, after his death in 1996, took over leadership, driving strategic expansions and acquisitions that solidified the Schaeffler Group's position as a major player in the automotive sector. With a net worth of $5.1 billion, she is recognized for her resilience, leadership, and commitment to the company's long-term success.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Maria-Elisabeth Schaeffler-Thumann was born Maria-Elisabeth Kurssa on August 17, 1941, in Prague. Her family was later forced to flee Prague after World War II. She was raised in Vienna, Austria, where she completed her secondary education.

Rise to Success

In 1963, she married Dr. Georg Schaeffler and relocated to Herzogenaurach, Germany, where she began her journey with the Schaeffler Group. After her husband's death in 1996, she took over the family business, demonstrating exceptional leadership. Under her guidance, the company expanded through strategic acquisitions, including INA, LuK, and FAG, transforming the Schaeffler Group into a global leader in rolling bearings. A key moment was the 2008 acquisition of Continental AG, which significantly impacted the company's trajectory.

Key Business Strategies

Maria-Elisabeth Schaeffler-Thumann focused on long-term strategies and responsible corporate development, including substantial investment in research and development. The Schaeffler Group has expanded its global footprint with production facilities and R&D centers in 22 countries, reflecting her commitment to sustainable growth.

Philanthropy

Maria-Elisabeth is known for her philanthropic endeavors, supporting various charitable organizations and social causes. In 2021, the Schaeffler Foundation was created with an initial endowment of €3 million to focus on climate, environmental protection, and social welfare.

Career Milestones

1963

Married Georg Schaeffler

Began her involvement with the Schaeffler Group.

1996

Took over leadership of the Schaeffler Group

Following her husband's death.

1999-2001

Led acquisitions of LuK and FAG

Expanded the Schaeffler Group's portfolio and market position.

2008

Acquired a significant stake in Continental AG

A major strategic move that impacted the company's wealth.

2010

Stepped down as Chairwoman of the Advisory Board

Continued as Deputy Chairwoman of the Supervisory Board.

2023

Retired from the Supervisory Board of Schaeffler AG

Ended her active leadership role in the company.

Philanthropy & Social Impact

Environmental and Social

Schaeffler Foundation

$0

Created in 2021 with a focus on climate and environmental protection, and social welfare.

Business Philosophy & Leadership

Notable Quotes

"It is often said that family businesses think in the long term. This is definitely true for Schaeffler. In addition to economic success, roots and values are important to us."

Leadership Principles

Long-term thinking

Focusing on sustainable growth and the future of the company.

Family values

Maintaining a strong family atmosphere within the company.

Civic responsibility

Combining entrepreneurial freedom with social responsibility.

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