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Billionaire Profile
Maria-Elisabeth Schaeffler-Thumann
Global Rank
#1319

Image: Public domain | via Wikimedia Commons

Maria-Elisabeth Schaeffler-Thumann

CEO, Schaeffler Group
DE
Real-Time Net Worth
$3B
As of December 2025
Age
84
Source
Auto parts
Industry
automotive
Citizenship
DE

Biography

Maria-Elisabeth Schaeffler-Thumann is a prominent German businesswoman, co-owner of the Schaeffler Group, one of the world's leading manufacturers of rolling bearings and automotive components. Born in Prague in 1941, she moved to Vienna and later married into the Schaeffler family, taking the helm of the family business in 1996 following the death of her husband, Georg Schaeffler. Under her leadership, the company expanded significantly through strategic acquisitions, solidifying its position in the automotive and industrial sectors. Her net worth is estimated at $3.0 billion, stemming from her ownership in the Schaeffler Group, which is a significant source of wealth. Her career is marked by strategic acumen and a commitment to the long-term success of the Schaeffler Group. She has served as a delegate to the Federal Convention for electing the President of Germany and has received recognition for her business achievements.

Wealth Over Time

In-Depth Profile

Early Life

Maria-Elisabeth Schaeffler-Thumann, born Maria-Elisabeth Kurssa, was born in Prague on August 17, 1941. She grew up in Vienna, Austria, and her early life was shaped by the aftermath of World War II. In 1960, she began studying medicine at the University of Vienna but discontinued her studies after meeting and marrying Georg Schaeffler in 1963.

Rise to Success

Her career is closely tied to the Schaeffler Group, a company her husband co-founded. After Georg Schaeffler's death in 1996, Maria-Elisabeth took over the family business, demonstrating remarkable leadership. She spearheaded the company's growth through acquisitions, including INA, LuK, and FAG. These acquisitions transformed Schaeffler Group AG into the world's second-largest producer of rolling bearings, cementing its status as an industry leader. Under her guidance, the company also acquired a significant stake in Continental AG.

Key Business Strategies

Key business strategies included strategic acquisitions to broaden the product portfolio and market reach. The company focused on innovation, developing precision components and systems for the automotive and industrial sectors. This also involved expansion into new markets, with the company establishing a global presence across multiple countries, and adapting to changing market conditions.

Philanthropy

While specific amounts are not available through the search results, Maria-Elisabeth Schaeffler has been recognized for her contributions to social causes. Her commitment to civic engagement is evident through her involvement as a CSU delegate.

Career Milestones

1963

Marriage and entry into Schaeffler Group

Married Georg Schaeffler and moved to Herzogenaurach, Bavaria, becoming involved with the family business.

1996

Took over Schaeffler Group AG

Assumed leadership of the family business after the death of her husband, Georg Schaeffler.

2004

CSU Delegate

Served as a CSU delegate to the Federal Convention for electing the President of Germany.

2008

Continental AG Acquisition

Led the Schaeffler Group in a significant acquisition of Continental AG.

2016

Dinner with President Obama

Invited to a private dinner with President Barack Obama during the Hannover Messe.

2023

Retired from Supervisory Board

Retired from the Supervisory Board of Schaeffler Group

Philanthropy & Social Impact

Social Causes

Undisclosed

Undisclosed

She has been honored for her leadership, business acumen, and dedication to social causes.

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 Vision

Focusing on the long-term success and sustainability of the company, emphasizing roots and values.

Strategic Acquisitions

Expanding the company's portfolio through strategic acquisitions, such as INA, LuK, and FAG.

Innovation and Global Presence

Driving innovation and expanding Schaeffler's global footprint to meet the demands of the automotive and industrial sectors.

Controversies & Challenges

2009

Historical Allegations

In 2009, Schaeffler faced allegations of using hair from Auschwitz death camp prisoners to make textiles. These allegations were strongly denied by the company.