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Udo Schütz & family
Rank #1234
GERMANYFood & BeveragePackaging

Udo Schütz & family

Net Worth
$3.445B
0% (24h)
Udo Schütz, at 89 years old, is a German billionaire renowned for founding the Schütz Group, a global leader in industrial packaging. His career began in 1958 with the establishment of Schütz-Werke, growing into a major manufacturer of intermediate bulk containers (IBCs) and other packaging solutions, serving industries worldwide. Beyond his entrepreneurial success, Schütz is also a former race car driver and yachtsman, demonstrating a diverse range of achievements and interests.

How to read Udo Schütz & family's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Udo Schütz & family, we anchor the narrative to Packaging and Packaging, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $3.445B alongside global rank #1234, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (GERMANY) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life and Career

Udo Schütz was born on January 11, 1937, and began his career as an entrepreneur in 1958, founding Schütz-Werke in Selters, Germany. Initially focused on producing heating oil tanks, Schütz quickly identified the growing demand for industrial packaging, leading to the development of intermediate bulk containers (IBCs) and other innovative solutions.

Rise to Success

Under Schütz's leadership, Schütz-Werke expanded globally, establishing production facilities in numerous countries, including the USA, Brazil, Japan, China, and Indonesia. The company's success is attributed to its focus on quality, innovation, and sustainable practices. Today, the Schütz Group has 7,000 employees.

Key Business Strategies

Schütz's business philosophy centers on vertical integration and a long-term commitment to private ownership. The company is known for its commitment to sustainability and has also developed lightweight composite materials under the brand CORMASTER, used in the aerospace industry and yacht building. The company also has a strong focus on innovation, for example, Schütz received the Rudolf-Diesel-Medaille in 2024 for his development of the Intermediate Bulk Container.

Philanthropy

Udo Schütz has given 25.5% of the company's shares to the family's charitable foundation, Else Schütz Stiftung.

Career Timeline

2024

Rudolf-Diesel-Medaille

Received the award for his development of the Intermediate Bulk Container.

1993

Won Admiral's Cup

Won the Admiral's Cup with the racing yacht CONTAINER.

1969

Won Targa Florio

Won the Targa Florio race with Gerhard Mitter.

1966

Won German Sports Car Championship

Achieved success in motorsports.

1958

Founded Schütz-Werke

Established the industrial packaging company in Selters, Germany.

Philanthropic Impact

Charitable Giving$N/A

Else Schütz Stiftung

Udo Schütz gave 25.5% of the company's shares to the family's charitable foundation.

Key Business Ventures & Holdings

CompanyStakeValue
Schütz-Werke75.00%

Net Worth History

In-Depth Analysis

Early Life and Career

Udo Schütz was born on January 11, 1937, and began his career as an entrepreneur in 1958, founding Schütz-Werke in Selters, Germany. Initially focused on producing heating oil tanks, Schütz quickly identified the growing demand for industrial packaging, leading to the development of intermediate bulk containers (IBCs) and other innovative solutions.

Rise to Success

Under Schütz's leadership, Schütz-Werke expanded globally, establishing production facilities in numerous countries, including the USA, Brazil, Japan, China, and Indonesia. The company's success is attributed to its focus on quality, innovation, and sustainable practices. Today, the Schütz Group has 7,000 employees.

Key Business Strategies

Schütz's business philosophy centers on vertical integration and a long-term commitment to private ownership. The company is known for its commitment to sustainability and has also developed lightweight composite materials under the brand CORMASTER, used in the aerospace industry and yacht building. The company also has a strong focus on innovation, for example, Schütz received the Rudolf-Diesel-Medaille in 2024 for his development of the Intermediate Bulk Container.

Philanthropy

Udo Schütz has given 25.5% of the company's shares to the family's charitable foundation, Else Schütz Stiftung.

Data Sources & Methodology

Figures for Udo Schütz & family are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.