Rank #3109
Fritz Draexlmaier
Net worth $1.2B
Auto parts · Germany
- Born
- Jan 01, 1970
- Age
- 56
- Source
- Auto parts
- Residence
- Landshut
- Citizenship
- Germany
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Fritz Draexlmaier's eponymous auto parts maker counts among its customers Audi, BMW, Cadillac, Land Rover, Maserati, Mercedes-Benz, Porsche and Tesla.
- Founded by his parents, Draexlmaier Group began in 1958 with an order for wiring harnesses for the Goggomobil, a microcar produced by Hans Glas GmbH.
- A company speciality, wiring harnesses run throughout the entire vehicle connecting electrical components and relaying data and electrical power.
- It has diversified into the manufacture of electronic components, consoles, door and instrument panels and exclusive interiors for specific model
- Although he stepped down as CEO in early 2019, Fritz continues to serve as chairman and shareholder representative.
- Draexlmaier has more than 65,000 employees and 60 business sites across 20 countries.
- Fritz is an only child. His father, Fritz Sr., died in 1995 at age 80, and his mom, Lisa, died in 2018 at age 100.
- In 2017, Draexlmaier Group opened its first U.S. manufacturing site in Livermore, California, with 230 employees.