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 Sells 3.9% Stake in Continental AG for EUR950 Million

... of long-term and strategic importance to us," said Schaeffler group shareholders Maria-Elisabeth Schaeffler and Georg F. W. Schaeffler. - Schaeffler used the proceeds to reduce its debt. -Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com
Posted: September 17, 2013, 1:45 am

Schaeffler to end Continental accord as merger project wanes

“We consider our investment in Continental a long-term strategic investment aimed at sustainably increasing the value of Continental,” Maria-Elisabeth Schaeffler and Georg F.W. Schaeffler, the bearing maker’s owners, said in the statement. SpaceX ...
Posted: May 13, 2013, 1:01 pm

Schaeffler family buys out tyre giant Continental for €12bn

Ball-bearing business Schaeffler, owned by a billionaire widow and her son, has agreed a long-term takeover of €12bn (£9.5bn) German tyre giant Continental to create the world's largest car parts company. Mother and son owners Maria-Elisabeth and Georg ...
Posted: August 21, 2008, 4:01 pm
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