Maria-Elisabeth & Georg Schaeffler Net Worth
Maria-Elisabeth & Georg Schaeffler Net Worth: Maria-Elisabeth & Georg Schaeffler are mother-and-son business personalities who have a net worth of $23 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.