Udo Schütz & family
$3.5B
Born
Jan 11, 1937
Age
89
Source of Wealth
packaging
Residence
Selters,
Citizenship
Germany
Marital Status
Children
0
Education
- Udo Schütz is the founder of Schütz-Werke, a German industrial packaging company that he founded in 1958.
- Today the company manufactures products in packaging, recycling, energy systems and the aerospace industry.
- Schütz-Werke has plants in the U.S., Brazil, Japan, China and Indonesia and employs 7,000 people.
- Together with his two sons, he owns just under 75% of the company.
- Schütz has given 25.5% of the company's shares to the family's charitable foundation Else Schütz Stiftung.
- A former race car driver, Schütz won several championships in the 1960s.
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