Maria Elisabeth Georg Schaeffler Net Worth is$2.2 Billion
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Maria-Elisabeth & Georg Schaeffler Net Worth: Maria-Elisabeth & Georg Schaeffler are mother-and-son business personalities who have a net worth of $2.2 billion. Maria Elisabeth along with her son Georg Schaeffler own one of world's largest producers of roller bearings for automotive, aerospace and industrial uses, the Schaeffler Group. Maria took the helm of the company in 1996 right after her husband's death. Having practiced international business law in Dallas, Maria's son Georg started to help his mother run the company in 2009. In the meantime, i.e., in 2008, the company revealed its $15 billion acquisition of Continental AG, one of Europe's largest tire and auto parts maker. But only one year later, the Schaeffler Group restructured the $16 billion debt incurred due to the takeover and currently owns a 36% stake in Continental.
Maria-Elisabeth Schaeffler (born 17 August 1941 in Prague) is one of the owners of Schaeffler Group, one of the world's largest producers of roller bearings. The other owner is her son Georg F. W. Schaeffler.

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Maria Elisabeth Georg Schaeffler Latest News

Schaeffler in ‘Serious Difficulties’

Over the past weekend the owners of the Schaeffler Group, Maria-Elisabeth Schaeffler and her son Georg Schaeffler, commented on the situation in a public statement which saw them deny the company gamb...
Posted: February 10, 2009, 4:00 pm

Continental to aid ailing Schaeffler

debt burden from the takeover of its rival, has asked the state for up to €4bn in credit guarantees and its banks are threatening to take control from the owners, Maria-Elisabeth Schaeffler and her so...
Posted: February 19, 2009, 9:29 pm

Ernst & Young sued by U.S. over Georg Schaeffler tax probe

The supplier Schaeffler is jointly owned by Georg Schaeffler and his mother, Maria-Elisabeth Schaeffler. The company is struggling to reduce debt from an attempt spearheaded by former CEO Juergen Geis...
Posted: February 26, 2014, 3:53 am
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