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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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.
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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Studies Business at the University of St. Gallen (Academic Achievement).
Earns a J.D. and LL.M. from Duke Law School; practices law in Dallas, Texas (Career Pivot).
Returns to the Schaeffler Group (Corporate Re-entry).
Schaeffler Group acquires a majority stake in Continental AG (Major Acquisition).
Joins the Supervisory Board of Continental (Executive Oversight).
Continues as Chairman of the Supervisory Board of Schaeffler AG (Executive Leadership).
Georg Schaeffler's wealth is concentrated in his controlling stake in the private Schaeffler Group and his major stake in the public Continental AG.
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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.
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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-0.14% | -$2.48M
-0.02% | -$6.27M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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