06 Georg Schaeffler

German businessman Georg Schaeffler is chairman and majority owner ( 80 %) of Schaeffler AG , a major manufacturer of ball bearings and automotive supplies . His mother , Maria-Elisabeth Schaeffler , owns the other 20 %. The company generated about EU14bn in sales last year and it owns a partial stake in tyre giant Continental AG . Schaeffler has previously also served two years as a lieutenant in Germany ’ s Air Force reserves . According to Forbes Schaeffler has a net worth of around $ 25.3bn . www . schaeffler . com NOVEMBER 2018