What is Fritz Draexlmaier's Net Worth?
Fritz Draexlmaier is a German entrepreneur who has a net worth of $2 billion. Making is debut on our list of the richest people in the world in 2014, Fritz Draexlmaier isanother example of the German mastery when it comes to the auto parts production. Fritz is the CEO of Dräxlmaier Group, one of the largest automotive component suppliers in Germany today.
Launched by Draexlmaier's parents, Fritz Sr. and Lisa in 1958 as a maker of wire harnesses in Vilsbiburg, Germany, today the company operates 58 factories in 22 countries on 4 continents. Fritz Sr., died in 1995 at the age of 80. Lisa died in 2018 at the age of 100.
The privately-owned company counts BMW, Tesla, Audi, Mercedes Benz, Land Rover, Porsche, among many others, as loyal customers. The company manufactures a diverse range of vehicle components, including consoles, doors, and instrument panels.
In 2012 the company generated a reported $3.5 billion in revenue. By 2019 the company generated just under $6 billion.
