georg friedrich wilhelm schaeffler (born 19 october 1964) is a german billionaire businessman, owner of 80% of the holding company ina holding schaeffler gmbh & co. kg, which includes schaeffler ag. his mother, maria-elisabeth schaeffler, owns the other 20%. both inherited their fortune from schaeffler's father, georg schaeffler, who died in 1996. schaeffler is the head of the supervisory board of schaeffler group and a member of the supervisory board of continental ag. as of january 2018, schaeffler was ranked by forbes as the 30th richest person in the world, with a net worth of $29.1 billion.