F ritz Draexlmaier is a German billionaire and the chairman and a key shareholder of the Draexlmaier Group, a major global supplier to the automotive industry. The company was co-founded by his late father, and Fritz has been the driving force behind its growth into a major international player. The company is a prime example of a highly successful, family-owned German "Mittelstand" company.

Draexlmaier is a leader in producing high-end and complex automotive interiors and electrical systems. The company is a key supplier to premium German automakers like BMW, Mercedes-Benz, and Audi, producing everything from dashboards and center consoles to complex wiring harnesses. As the patriarch of the family business, he has steered the company's global expansion and its focus on high-quality, technologically advanced components. The company remains privately held by the family, and is known for being very discreet.