Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity Net Worth 2026
Georg Schaeffler and his mother Maria-Elisabeth Schaeffler-Thumann are the majority shareholders of the German car parts manufacturer Continental AG...
💼 Entrepreneur / Business Mogul · Updated: October 03, 2026 · 4 min read · FamsWorthHQ Financial Desk
Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity — Estimated Net Worth & Financial Dossier
Executive Summary:
Georg Schaeffler and his mother Maria-Elisabeth Schaeffler-Thumann are the majority shareholders of the German car parts manufacturer Continental AG. They also run the Schaeffler Group, a ball bearings maker that was founded by Georg Sr. in 1946, when he invented the cage-guided needle roller bearing, which allowed for large-scale production of roller bearings for the German auto industry. The Schaefflers have been one of Germany's richest families for years. However, over the course of 2018, their net worth has declined by about $16 billion – which is more than half of their combined wealth.
The decline in their net worth is due to extra costs and tough business conditions in Europe and Asia. Continental AG warned its shareholders that these conditions would affect profits. These challenges are expected to last well into 2019.
Verified Wealth Dossier
Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity — Financial & Wealth Report PDF
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💰 Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity Financial Profile OverviewVerified Benchmark
Estimated Net Worth
$99.8 Billion
Annual Salary / Earnings
$11.0 Billion / year
Monthly Income
~$914.9 Million / month
Primary Wealth Sources
Business Ownership, Investments, Real Estate, Equity Holdings
Known Assets & Portfolio
Real Estate, Luxury Vehicles, Business Investments
Nationality / Origin
American
Industry / Category
💼 Entrepreneur / Business Mogul
Data Last Updated
November 2026
Biography & Early Wealth Journey
Georg and Maria-Elisabeth are now worth a combined $14.1 billion. This is the largest drop in fortune among the richest families in Europe. Shaeffler AG has also faced similar issues as Continental. Shares in both companies have declined more than 40% so far this year.
Joern Pollex/Getty Images
Continental AG is the world's second largest auto parts maker. It is now valued at roughly $30 billion.
Primary Income Streams & Multi-Million Contracts
George Schaeffler inherited 80% of the family ball bearing business when his father died in 1996. His mother inherited the other 20%. Together they pulled off one of the largest hostile takeovers in Germany by acquiring Continental in 2008 for more than $17 billion.
George, 54, served in the German military and worked in corporate law in the U.S. before moving home to Germany to join the family business.
Interestingly, Germany is home to the most billionaires in Europe.
What is Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity's net worth in 2026?
As of 2026, Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity's estimated net worth is $99.8 Billion.
How does Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity make money?
Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity generates income primarily through Business Ownership, Investments, Real Estate, Equity Holdings.
What are Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity's biggest assets?
They maintain a diverse portfolio including Real Estate, Luxury Vehicles, and Business Investments.
How much does Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity earn per year?
Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity brings in approximately $11.0 Billion in annual earnings.
Is Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity a millionaire or billionaire?
Yes, Billionaire Mother And Son Duo Lose Half Their In The Last 12 Months | Celebrity is a billionaire.
Financial Valuation Disclaimer: All net worth figures, annual salaries, and asset estimates presented on FamsWorthHQ are formulated using publicly accessible data, corporate filings, industry contract disclosures, and proprietary statistical modeling. Unless explicitly designated, figures represent estimated calculations and should be referenced for informational and comparative entertainment purposes.
