| Net Worth: | $2 Billion |
Fritz Draexlmaier, a prominent figure in the automotive industry, is estimated to possess a net worth of $1.9 billion by 2024. As the founder and owner of the Draexlmaier Group, a renowned family-owned business, he has played a significant role in the production of electrical systems and interior components for the automotive sector. With a firm grasp on the intricate workings of the industry, Draexlmaier Group has established itself as a leading provider of top-notch automotive solutions. Fritz Draexlmaier's remarkable achievements and entrepreneurial skills have contributed immensely to the success and growth of his business, solidifying his position as an influential and wealthy individual in the automotive world.
Strictly speaking, he is the CEO of Dräxlmaier Group, one of the largest automotive component suppliers in Germany today. What Draexlmaier's parents, Fritz Sr. and Lisa, started as a maker of wire harnesses in 1958 in Vilsbiburg, Germany, is now running 58 sites in 22 countries on 4 continents. As of 2012, the group generated revenue of approximately Eu 2.6 billion ($3.5 billion). The privately-owned company, which counts BMW, Audi, Mercedes Benz and Porsche as its loyal customers, continues to grow further. Fritz was raised in the entrepreneurial spirit and as Fritz Sr. and Lisa's only child he was the one fill in his father's shoes after his death in 1995.
