He is the founder and owner of the Draexlmaier Group, a family-owned business that produces electrical systems and interior components for the automotive industry. The company has grown to become one of the largest suppliers of automotive parts in the world, with over 100 production sites in 30 countries.
Fritz Draexlmaier is a German entrepreneur with a net worth of $2 billion. He is the founder and owner of the Draexlmaier Group, a family-owned business that produces electrical systems and interior components for the automotive industry. The company has grown to become one of the largest suppliers of automotive parts in the world, with over 100 production sites in 30 countries. His success is a testament to the German mastery of auto parts production.
Fritz Draexlmaier is a member of Richest Billionaires
💰Fritz Draexlmaier Net worth: $1.9 Billion
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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.
