Schaeffler family fortune plummets on slow vehicle output
Georg Schaeffler and his mother had a combined fortune of $35bn in 2018 but it is now worth about a quarter of that
07 August 2020 - 12:08
London — A lot can happen in two-and-a-half years.
In early 2018, Georg Schaeffler became Germany’s richest person as shares of Continental, the car-part maker in which he and his mother — Maria-Elisabeth Schaeffler-Thumann — own a major stake, surged in price. At the time, their combined fortune totalled $35bn...
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