Maria-Elisabeth Schaeffler Net Worth

Maria-Elisabeth Schaeffler Net Worth is
$5.05 Billion

Maria-Elisabeth Schaeffler Biography

She and Georg currently now very own 46% of Continental or about $17 billion worthy of of stake.05 billion by March 2017, regarding to Bloomberg. In 1996 Georg passed away, and she had taken the reins of the family members business. It offers Schaeffler AG, among the largest manufacturers of ball bearings and machine elements in the world. $6.Maria-Elisabeth Schaeffler is normally a German businesswoman who comes with an estimated net worthy of of $5. By 2013 the annual turnover reached around 10 billion Euros, and the work tripled to over 70,000 workers, an extraordinary mark for a totally privately owned company. Nevertheless, she also had taken over in 1996 following death of her hubby, Georg, the manufacturing firm that is now referred to as INA. Presently, she owns 20% of the umbrella firm, INA Keeping Schaeffler GmbH & Co. She actually is also an associate of the supervisory plank of Continental and the vice seat of the supervisory panel of Schaeffler. In January 2013, she was called Family Business Female of the entire year 2012 by the representatives from the German business community and the business enterprise newspaper, Handelsblatt. KG. In 2008, the business announced its debt-financed acquisition of the publicly exchanged tire and car parts huge Continental AG for $15 billion.6 Billion: Maria-Elisabeth Schaeffler (born 17 August 1941 in Prague) is among the owners of Schaeffler Group, among the world’s largest makers of rolling bearings. The additional owner is her child Georg F. W. Schaeffler. Maria-Elisabeth Schaeffler was created in Prague, Czechoslovakia, and was raised in Vienna, Austria. In 1963 she wedded Georg Schaeffler, and shifted to Herzogenaurach in Franconia, which is situated within Bavaria. It had been through Schaeffler’s relationship that she’d come to function for Schaeffler Group AG. She co-owns the Schaeffler Group with child, George Schaeffler. It’s been Maria-Elizabeth Schaeffler’s legacy to keep with her husband’s life’s function, growing the family members business, Schaeffler Group AG. Since 1996 Schaeffler offers led her business through multiple profitable acquisitions, including: INA, LUK, and FAG. These three businesses specifically are large brand corporations to make rolling bearings. These three acquisitions possess produced Schaeffler Group AG among the largest makers of rolling bearings and linear movement products in the Globe. In 1999 Maria-Elizabeth Schaeffler led the acquisition of LUK, a clutch producer, obtaining all the shares of the business for Schaeffler Group AG. In 2001 she led the acquisition of FAG Kugelfischer Georg Schäfer AG Schweinfurt, with the acquisitions of FAG and INA, Schaeffler Group AG got end up being the second largest maker of rolling bearings in the Globe. Since 1996 Schaeffler Group AG has seen a rise in annual turnover and work. In ’09 2009 Schaeffler Group bought a substantial share of the business Continental AG. The majority of Maria-Elizabeth’s net well worth comes from the achievement of Continental.

Quick Facts

Net Worth$5.05 Billion

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