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Billionaire Profile
Reinhold Schmieding
Global Rank
#726

Image: Unsplash Contributor | Unsplash License | via Unsplash

Reinhold Schmieding

CEO, Medical devices
UNITED STATES
Real-Time Net Worth
$5.803B
Estimated based on Medical devices stock value as of April 20, 2026
0% (24h)
Age
71
Source
Medical devices
Industry
healthcare
Citizenship
UNITED STATES

Biography

Reinhold Schmieding is a prominent American entrepreneur and the founder and CEO of Arthrex, a leading medical device company specializing in orthopedic surgical tools. Born in Michigan to German immigrants, Schmieding's career spans over four decades, marked by innovation and a deep commitment to improving patient care. His net worth is estimated at $6.0 billion. Schmieding has been instrumental in the development of thousands of surgical products, holding over 150 patents. His leadership has transformed Arthrex into a global powerhouse in the healthcare industry, with an emphasis on cutting-edge research and development. Schmieding's vision has not only driven business success but has also fostered a unique corporate culture blending American entrepreneurial spirit with European employee benefits. He is known for his philanthropic contributions and dedication to medical education.

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

Wealth Over Time

In-Depth Profile

Early Life and Education

Reinhold D. Schmieding was born in Michigan to German immigrant parents. He attended Michigan State University, graduating with a Bachelor of Science in physiology in 1977, with minors in business and German. He was also a member of the Delta Chi fraternity.

Rise to Success

Schmieding began his career in orthopedic implants, working in Germany. He founded Arthrex in Munich in 1981, focusing on designing and manufacturing surgical instruments for arthroscopic knee surgery. The company's headquarters relocated to Naples, Florida, in 1991. Under Schmieding's leadership, Arthrex has grown into a global leader in minimally invasive orthopedic surgical technologies.

Key Business Strategies

Arthrex's success stems from heavy investment in research and development and a unique corporate culture. Schmieding has emphasized innovation, leading to over 14,000 products and over 1,200 patents or pending applications. The company is privately held, which allows for a long-term focus on product quality and patient care.

Philanthropy

Schmieding is known for his philanthropic activities. Arthrex supports various charitable organizations, and Schmieding has donated millions of dollars to local and national causes. He is involved in supporting education and community initiatives.

Career Milestones

1981

Founded Arthrex

Founded Arthrex in Munich, Germany, with a focus on developing surgical instruments for arthroscopic procedures.

1991

Relocated Headquarters to Naples, Florida

Moved Arthrex's headquarters to Naples, Florida, leading to significant company growth.

2018

Honorary Doctorate

Received an honorary doctorate from Florida Gulf Coast University.

Philanthropy & Social Impact

Community Development

Habitat for Humanity

$millions

Arthrex is a major backer of Habitat for Humanity, providing financial support and employee volunteers.

Health

American Heart Association

$millions

Arthrex supports the American Heart Association.

Youth Development

First Tee

Undisclosed

Reinhold Schmieding is the founding sponsor of the First Tee of Collier County.

Business Philosophy & Leadership

Notable Quotes

"Helping Surgeons Treat Their Patients Better™"

Leadership Principles

Innovation

Focus on developing cutting-edge products and surgical techniques.

Patient Focus

Prioritize the well-being of patients through advanced surgical solutions.

Employee Commitment

Foster a strong corporate culture with excellent employee benefits.

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