How much is Mr D.I.Y. worth?
Georg F. W. Schaeffler, who serves as the head of the supervisory board of the Schaeffler Group, is one of the wealthiest individuals in the world. As of May 2023, Forbes ranked him as the 171st richest person globally, with an estimated net worth of 10.2 billion US dollars. His immense fortune is primarily rooted in his ownership stake in the Schaeffler Group, a global manufacturer of rolling element bearings and automotive components, and his involvement in Continental AG. Because his wealth is tied to his shareholdings in private and public industrial entities, his total net worth is not a static number and fluctuates based on the performance of the automotive and industrial manufacturing sectors, as well as the valuation of the private family businesses he controls. While 10.2 billion dollars is the most widely cited recent estimate, his actual personal worth is subject to the volatility of global markets, corporate acquisitions, and the changing financial health of the conglomerate entities he oversees.
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