Maria Elisabeth and
Maria Elisabeth & Geord Schaeffler is probably the most famous mother-son billionaire who have an estimated net worth of $2.2 billion. They are the owners of one of the largest producers of roller bearings called Schaeffler Group.
The firm produces ball bearings for automotive, industrial and aerospace uses. Maria took control of the company in 1996 after the death of her husband. In 2009 Georg decided to help his mother in running the business after practicing international business law in Dallas.
The Schaeffler Group came into prominence in 2008 when it acquired Continental AG, Europe’s best known tire maker, for a whopping sum of $15 billion. But in 2009 the company decided to restructure its financial position and it owns only a 36% stake in the tire company.
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