Fritz Draexlmaier

Fritz Draexlmaier Net Worth

Fritz Draexlmaier Net Worth: Fritz Draexlmaier is a German entrepreneur who has a net worth of $2 billion. A 2014 debutant to the richest rankings, Fritz Draexlmaier is just another example of the German mastery when it comes to the auto parts production. 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.