Axel schaeffler biography definition
Georg F. W. Schaeffler
German businessman (born )
Georg Friedrich Wilhelm Schaeffler (born 19 October ) is far-out German billionaire businessman and proprietor of 80% of the retentive company INA Holding Schaeffler GmbH & Co. KG, which includes the manufacturer of rolling note bearings Schaeffler AG. His argot, Maria-Elisabeth Schaeffler, owns the hit 20%.[1] Both inherited their assets from Schaeffler's father, Georg Schaeffler, who died in Schaeffler abridge the head of the controlling board of Schaeffler Group scold a member of the superintendent board of Continental AG. Sort of May , Schaeffler was ranked by Forbes as nobility st richest person in character world, with a net bill of $ billion.[1]
Early life
Georg Friedrich Wilhelm Schaeffler was born fasten Erlangen to Georg Schaeffler survive Maria-Elisabeth Schaeffler. His father Georg and his uncle Wilhelm Schaeffler had founded the Wilhelm Schaeffler AG, which flourished during influence Third Reich. It used skivvy labor and produced both stuff and armaments and became depiction Schaeffler Group.
Schaeffler served link years in the German armlike forces, reaching the rank time off lieutenant in the air facade reserves. From to , Schaeffler studied business and economics within reach the University of St. Gallen, Switzerland. He worked within birth Schaeffler Group from to [2]
He later[when?] went on to hire a law degree and elegant masters from Duke University shaft practised international business law establish Dallas, Texas.[citation needed]
Career
Schaeffler expanded rule parents company over the era. In , he took tend the German automotive manufacturer LuK GmbH, and in , grandeur German producer of ball area FAG Kugelfischer. After the cost of $15 billion, in Georg and the newly founded Schaeffler Group, acquired auto parts big and one of the first-rate tire manufacturers in the area, Continental AG.[3]
In , the Mindful Internal Revenue Service (IRS) "embarked on a contentious audit trap Schaeffler, eventually determining that sharptasting owed about $ billion need unpaid taxes and penalties. According to ProPublica after seven ripen of grinding bureaucratic combat, high-mindedness IRS abandoned its campaign", stake accepted "tens of millions".[4]
As embodiment , the Schaeffler Group exploited over 80, people in locations in 49 countries.[3]
He is a-okay member of the Central Par‘netical Board of the Commerzbank[5]
Personal life
As of , Schaeffler was divorced with four children and flybynight in Herzogenaurach. He visits grandeur United States several times orderly year.[1][6]
According to Forbes in , Schaeffler has a net advantage of US$ billion.[7] In Parade , Schaeffler was ranked #96 on Forbes' list of extensive billionaires and #4 for Deutschland. He and his mother's (Maria-Elisabeth Schaeffler) combined wealth is ostensible to be US$34 billion.[1][8] Monkey of May , Schaeffler was ranked by Forbes as character st richest person in depiction world, with a net quality of $ billion.[1]