Reinhold Schmieding’s profile picture

Reinhold Schmieding

Reinhold Schmieding’s profile picture
Net worth 2018: $5.14 Billion
Industry: Healthcare
Residence: Naples, Florida
Country: United States
BirthDay: 1955
Children: 2
Education: Bachelor of Arts / Science, Michigan State University
BIOGRAPHY

Reinhold Schmieding was bornon 1955 in Naples, Florida, United States. Reinhold Schmieding is #417 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
2013

$2.5 Billion

2014

$3.5 Billion

2015

$4.1 Billion

2016

$4.4 Billion

2017

$4.4 Billion

2018

$5.14 Billion

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

Reinhold Schmieding
TIMELINE
Reinhold D. Schmieding (born 1955/56) is an American billionaire businessman, the founder and CEO of Arthrex.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.From 1981-85, he worked for Med Tech International, Westport, Connecticut.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.Later, the company was renamed as Arthrex Inc.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.He is married with two children and lives in Naples, Florida.
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