Reinhold Schmieding

About Reinhold Schmieding

Birth Year: 1955
Birth Place: Naples, Florida, United States
Residence: Naples, Florida, US
Alma mater: Michigan State University
Occupation: Founder and CEO, Arthrex
Known for: Owner of 95% of Arthrex
Spouse(s): married
Children: 2

Reinhold Schmieding Net Worth

Reinhold Schmieding was bornon 1955 in Naples, Florida, United States. Michigan native Reinhold Schmieding started Arthrex, an orthopedic surgical tools company, in 1981 in Munich, Germany. Arthrex is now headquartered in Naples, Florida and has developed over 11,000 products used in shoulder, hip and other joint surgeries. Schmieding is the son of a dentist and comes from a family of German physicians.
Reinhold Schmieding is a member of Healthcare

💰 Net worth: $5.4 Billion (Updated at 22 June 2018)

2013 $2.5 Billion
2014 $3.5 Billion
2015 $4.1 Billion
2016 $4.4 Billion
2017 $4.4 Billion
2018 $5.14 Billion

Famous Quotes:

Our corporate mission, making people better, is founded on healthcare innovation, new job creation, employee well-being, and charitable giving.

Biography/Timeline

1973

He was born in Michigan, the son of a dentist, his parents having emigrated from Germany six months prior to his birth. He was educated at Michigan State University from 1973-77.

1981

In 1981, Schmieding started a medical device company called Arthroscopy Excision Instruments Inc., which focused on an emerging procedure known as arthroscopy. The initial investment was $60,000 from Schmieding's personal savings. After starting the company, Schmieding did not make a profit for the first two years. He ran his company from a fold-out table in his small apartment in the Olympic Village.

1991

Currently, Arthrex distributes its products to more than 90 countries worldwide. It has subsidiaries throughout Europe, including Germany, Austria, Belgium, England and France. In 1991, the headquarters shifted to Naples, Florida. From then, the company has grown from two employees to over 2000. In 2015, Arthrex Inc. was named as one of Fortune 100 Best Companies to Work For.