⬅ # 416 Andreas Halvorsen|# 418 John Brown

# 417 Reinhold Schmieding 

$7.14B

Real Time Net Worth
as of 5/18/2024
-$66 (-0.00%)

# 417 Reinhold Schmieding 

$7.14B

Real Time Net Worth
as of 5/18/2024
-$66 (-0.00%)
OccupationFounder and CEO, Arthrex
Source of WealthMedical Devices
Age69
ResidenceNaples, Florida
Marital StatusMarried
Children2
EducationBS, Michigan State University
Age-Adjusted Net Worth$3.88B
Reinhold Schmieding
Reinhold Schmieding
United States
Net worth: $7.14B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Reinhold D. Schmieding, born in 1955 or 1956, is an American billionaire businessman.
He is the founder, CEO, and holds a 95% ownership of Arthrex, a prominent orthopedic surgical tools company.
Schmieding started Arthrex in 1981 in Munich, Germany, but later shifted its headquarters to Naples, Florida.
His parents emigrated from Germany just before his birth, settling in Michigan where Schmieding was born.
He attended Michigan State University from 1973 to 1977 and was a member of the Delta Chi fraternity.

Career Highlights

From 1981 to 1985, Schmieding worked for Med Tech International in Westport, Connecticut.
In 1981, he initiated Arthroscopy Excision Instruments Inc., focusing on arthroscopy procedures.
Despite facing initial losses, he persevered, running the company from his Olympic Village apartment.
The company later became Arthrex Inc. and expanded globally, distributing products to over 90 countries.
Arthrex's headquarters shifted to Naples, Florida, in 1991, experiencing exponential growth since then.

Company Details

Arthrex, now headquartered in Naples, Florida, boasts a portfolio of over 13,000 orthopedic surgical products.
It has subsidiaries across Europe, including Germany, Austria, Belgium, England, and France.
Privately-held Arthrex has estimated revenues of $3.2 billion, with Schmieding owning more than 90% of the company.
In 2015, Arthrex was ranked 94th on Fortune's 100 Best Companies to Work For list.
Schmieding received an honorary doctorate from Florida Gulf Coast University in 2018.

Personal Life

Reinhold Schmieding is married and has two adult children.
He resides in Naples, Florida, where Arthrex's headquarters are located.
Despite his immense success, Schmieding remains notoriously press-shy.
He maintains sentimental value for his humble beginnings, still keeping his $50 drafting table.
Schmieding's father, a dentist, aspired for him to become a doctor.

How long would it take you to become as rich as Reinhold Schmieding?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Reinhold Schmieding's net worth of $7.14B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Reinhold Schmieding is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Reinhold Schmieding, Medical Devices is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey