Fritz Draexlmaier
REAL TIME NET WORTH — as of 5/6/17
$2 B
The story of Draexlmaier Group — founded by Fritz Draexlmaier Sr. and his wife, Lisa, in Vilsbiburg, Germany — begins in 1958 with an order for 50,000 wiring harnesses for the Goggomobil, a microcar produced by Hans Glas GmbH. The expertise the company developed producing automotive wiring harnesses — which run throughout the entire vehicle and are akin to a central nervous system, connecting electrical components and relaying data and electrical power — paved the way for expanding into the manufacture of electronic components, consoles, door and instrument panels and exclusive interiors for specific models. Today, Draexlmaier counts among its customers Audi, BMW, Cadillac, Jaguar, Land Rover, Maserati, Mercedes-Benz, Porsche, Tesla and Volkswagen. With revenue exceeding $3.9 billion, the owner-led company employs more than 55,000 people in 20 countries. Fritz is the only child of Fritz Sr., who died in 1995 at age 80, and Lisa.
Fritz Draexlmaier Net Worth: Fritz Draexlmaier is a German entrepreneur who has a net worth of $2 billion. A 2014 debutant to the richest rankings, Fritz Draexlmaier is just another example of the German mastery when it comes to the auto parts production. Strictly speaking, he is the CEO of Dräxlmaier Group, one of the largest automotive component suppliers in Germany today. What Draexlmaier’s parents, Fritz Sr. and Lisa, started as a maker of wire harnesses in 1958 in Vilsbiburg, Germany, is now running 58 sites in 22 countries on 4 continents. As of 2012, the group generated revenue of approximately Eu 2.6 billion ($3.5 billion). The privately-owned company, which counts BMW, Audi, Mercedes Benz and Porsche as its loyal customers, continues to grow further. Fritz was raised in the entrepreneurial spirit and as Fritz Sr. and Lisa’s only child he was the one fill in his father’s shoes after his death in 1995.
Source:
1. forbes