Rank #1223
Udo Schütz & family
Net worth $3.5B
packaging · Germany
- Born
- Jan 11, 1937
- Age
- 89
- Source
- packaging
- Residence
- Selters
- Citizenship
- Germany
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- 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.