Georg Schaeffler | son of Maria-Elisabeth Schaeffler

Net worth: $14.5 billion

German billionaire businessman Georg Schaeffler, together with his mother, Maria-Elisabeth, owns the Schaeffler Group, a leading global supplier to the automotive and industrial sectors and one of the world’s largest producers of ball bearings and machine components. The Schaeffler Group placed investment-grade bonds in the capital markets in March 2020 for the first time. The transaction has a total volume of EUR 2.2 billion. The new investment-grade bonds were issued by Schaeffler Group under its debt issuance program.

In 2009, Georg, who holds a degree from the University of St. Gallen in Switzerland, inherited the fortune of his father, Wilhelm, who died in 1996. Wilhelm founded the Schaeffler Group with his brother in 1946. Georg used to practice business law at Dallas University. He has a net worth of $14.5 billion and had first appeared on the Forbes list in 2003.