Georg Schaeffler's Biography

Georg Schaeffler is a prominent German businessman best known for his leadership of the Schaeffler Group, a global powerhouse in automotive and industrial manufacturing. Born on October 19, 1964, Schaeffler inherited his family's business empire following the passing of his father, Georg Schaeffler Sr., in 1996. Under his guidance, the Schaeffler Group expanded significantly, especially through its ambitious acquisition of a major stake in Continental AG, establishing itself as a key player in the global automotive supply chain. Educated in law at the University of St. Gallen and Duke University, Schaeffler brings a sharp legal and strategic mind to business operations. Known for his privacy and low media profile, he focuses on long-term growth and innovation, ensuring the sustainability of the family legacy. Despite facing challenges, including financial scrutiny during the Continental AG takeover, Schaeffler has managed to maintain and even grow his wealth, with an estimated net worth of $14 billion in 2024. His story is one of resilience, vision, and a deep commitment to industrial advancement, making him one of Germany's most influential and discreet billionaires.