Karl Friedrich Scheufele III is a German businessman, the billionaire Co-President of Chopard, the global luxury watch and jewelry company. His wealth is generational, tied to the industrial legacy founded by his father, Karl Scheufele II, who acquired Chopard in 1963.

Karl III's career is defined by generational stewardship and luxury brand management. He and his sister, Caroline Scheufele (the other Co-President), grew up immersed in the business. His philosophy centers on innovation, meticulous craftsmanship, and brand preservation in the high-end luxury sector.

• Chopard (Co-President): The core private asset, a global leader in luxury watches and high jewelry.
• Family Governance: He and his sister, Caroline Scheufele, jointly run the company (with Karl III overseeing the manufacture and technical side and Caroline managing design and communication).
• Luxury Focus: The company is the official partner of the Cannes Film Festival (creating the Palme d'Or trophy).
• Acquisition: His father bought the entire Chopard company in 1963 from the Chopard family for undisclosed reasons.

Karl Scheufele III's strategic leadership transformed Chopard into a global luxury giant. He and his sister took over management in the 1980s. His structural contribution is tied to the successful vertical integration of the watch manufacturing process—bringing precision engineering and technical mastery to the forefront of the brand (overseeing the entire production chain from design to final assembly).

The company expanded aggressively, opening boutiques globally and becoming a major force in luxury jewelry and watches. His wealth is secured by the colossal, long-term, stable profitability of the global luxury goods and jewelry sector.

Karl Scheufele III's social impact is structural, stemming from Chopard's role as a massive global employer and leader in the luxury goods industry. The company emphasizes ethical sourcing of materials (using Fairmined gold). His commitment to high-end craftsmanship preserves essential industrial and artisanal skills.

His personal philanthropy supports various cultural and educational initiatives (including the José Carreras Leukemia Foundation). His structural contribution is tied to the successful generational transition and modernization of a major luxury brand.

Karl Scheufele III maintains the professional, elegant style of a luxury executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects stability and immense corporate authority, typical of a leader in the global high-end jewelry and watch market.

Residing in Geneva, Switzerland, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to luxury manufacturing, precision engineering, and brand stewardship.