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Georg Schaeffler

Georg Schaeffler

G. Schaeffler
0.21% | + $41.19M
$19.45 B ₹ 1.77 Lk Cr
Real Time Net Worth #132 Ranking as of 21 Feb 2026 By Forbes

More on Georg Schaeffler

Gender

Male

Age

61Y

Country

Germany

Born On

October, 1964

Deceased

No

Relationship Status

Married

Children

4

Education

Duke University - Master Of Business Administration

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Schaeffler Group

Titles

Chairman Of The Supervisory Board

Sources of Wealth

Schaeffler Group, Continental AG

Industry

Automotive, Manufacturing

About Georg Schaeffler


G eorg Schaeffler is a German billionaire who, along with his mother, Maria-Elisabeth Schaeffler-Thumann, owns the Schaeffler Group, a global giant in the manufacturing of bearings and automotive components. The company was founded by his late father and his uncle. Georg and his mother inherited the privately held company and have continued to lead it.

Schaeffler Group is one of the world's largest producers of ball bearings and is a key supplier to the automotive and industrial sectors. The company is also the majority shareholder of the major publicly traded automotive and tire supplier, Continental AG, which they acquired in a famous and highly leveraged hostile takeover in 2008. Georg, who holds a law degree and an MBA from Duke University, has been deeply involved in the strategic direction of the family's massive industrial empire. The family's combined stakes in the private Schaeffler Group and the public Continental AG form the basis of their immense wealth.

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Quick Reads


  • He and his mother, Maria-Elisabeth, own the industrial giant Schaeffler Group.
  • Schaeffler is a world leader in manufacturing ball bearings and auto parts.
  • They are also the controlling shareholders of the automotive supplier Continental AG.
  • He inherited the business from his late father.
  • Holds a law degree and an MBA from Duke University.

Early Life and Background


Georg Friedrich Wilhelm Schaeffler is a German billionaire businessman and a principal owner of the Schaeffler Group (a global industrial giant in bearings and linear technology) and a major shareholder in Continental AG (a global automotive supplier). Born in Erlangen, Germany, in 1964, his father, Georg Schaeffler, and uncle, Wilhelm Schaeffler, founded the company.

Schaeffler's education is uniquely tailored for global corporate governance: he studied Business Administration at the University of St. Gallen, Switzerland (1986–1990), and later earned a Law degree (J.D.) and a Master of Law (in International and Comparative Law) from Duke Law School, USA. He practiced international business law in Dallas, Texas, before returning to the family business. His career is defined by the immense responsibilities of commanding a vast, multi-sector industrial empire.

Career Journey of Georg Schaeffler


Georg Schaeffler returned to the family business in 2006 to assume a leadership role. His most audacious move came in 2008 when the Schaeffler Group acquired a majority stake in the auto parts giant Continental AG, which is one of the world's largest tire manufacturers—a highly leveraged deal that briefly caused financial distress but ultimately secured the family's control over a massive, essential automotive supply chain.

He has served on the Supervisory Board of Continental since 2009 and is the Chairman of the Supervisory Board of Schaeffler AG. His role is highly fiduciary, ensuring the strategic direction and long-term stability of the dual-pillar empire (bearings and auto parts/tires). His wealth is secured by the colossal, long-term profitability of the global automotive and industrial component sectors.

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Georg Schaeffler's Timeline


1986–1990:

Studies Business at the University of St. Gallen (Academic Achievement).

1996–1999:

Earns a J.D. and LL.M. from Duke Law School; practices law in Dallas, Texas (Career Pivot).

2006:

Returns to the Schaeffler Group (Corporate Re-entry).

2008:

Schaeffler Group acquires a majority stake in Continental AG (Major Acquisition).

2009:

Joins the Supervisory Board of Continental (Executive Oversight).

Ongoing:

Continues as Chairman of the Supervisory Board of Schaeffler AG (Executive Leadership).

Major Business Ventures and Investments


Georg Schaeffler's wealth is concentrated in his controlling stake in the private Schaeffler Group and his major stake in the public Continental AG.

  • Schaeffler Group (Owner & Supervisory Board Chairman): The core private asset, a global leader in high-precision bearings, engine components, and linear technology.
  • Continental AG (Major Shareholder & Supervisory Board Member): The global automotive parts and tire manufacturer acquired in 2008.
  • Financial/Legal Expertise: He holds a J.D. and an LL.M. from Duke Law School and practiced international business law.
  • Industrial Consolidation: His career is marked by the aggressive acquisition and consolidation of major German industrial manufacturers (e.g., LuK GmbH, FAG Kugelfischer, and Continental).

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Philanthropy and Social Impact


Georg Schaeffler's social impact is structural, stemming from the Schaeffler Group's role as a massive global employer (over 80,000 people in 49 countries) and a foundational supplier of essential components to the global automotive and industrial sectors. His commitment to R&D and manufacturing quality drives efficiency across the global supply chain.

His personal philanthropy supports various educational and community initiatives. His family's history, however, is marked by controversy: the company profited and used slave labor during the Third Reich, a historical complexity that shadows the modern success of the empire.

Fashion, Style, and Lifestyle


Georg Schaeffler maintains the highly professional, disciplined style of a German industrial executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects the stability and composed authority of his legal and financial training.

Residing in Herzogenaurach, Germany, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to the stewardship of his family's industrial legacy, navigating the complexities of global automotive supply chains and corporate governance.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman of the Supervisory Board of Schaeffler AG and major owner of Continental AG (tires).
  • He holds a J.D. and an LL.M. from Duke Law School and practiced law in Dallas, Texas.
  • The 2008 acquisition of Continental AG for $15 billion was a highly leveraged, audacious deal.
  • The Schaeffler Group employs over 80,000 people globally.
  • His wealth is tied to the successful consolidation of the global bearings and automotive parts industry.
  • He served two years in the German armed forces.
  • His family's company has a complex history tied to the Third Reich, using slave labor.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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