Name
Fritz Draexlmaier
Primary Residence
Landshut, Germany
Citizenship
Germany
Source Of Wealth
auto parts
Net Worth
$1,200,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1818
Forbes List Rank One: Title
#1818 Billionaires 2019
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Summary
Fritz Draexlmaier's eponymous auto parts maker counts among its customers Audi, BMW, Cadillac, Land Rover, Maserati, Mercedes-Benz, Porsche and Tesla.Founded by his parents, Draexlmaier Group began in 1958 with an order for wiring harnesses for the Goggomobil, a microcar produced by Hans Glas GmbH.A company speciality, wiring harnesses run throughout the entire vehicle connecting electrical components and relaying data and electrical power.It has diversified into the manufacture of electronic components, consoles, door and instrument panels and exclusive interiors for specific modelAlthough he stepped down as CEO in early 2019, Fritz continues to serve as chairman and shareholder representative.
Did you know?
Fritz is an only child. His father, Fritz Sr., died in 1995 at age 80, and his mom, Lisa, died in 2018 at age 100.In 2017, Draexlmaier Group opened its first U.S. manufacturing site in Livermore, California, with 230 employees.
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