- Real Time Net Worth: $7 billion (as of 4/30/24)
- 2023 Forbes 400 Net Worth: $6.8 billion (as of 10/3/23)
- Ranking: #394 in the world today
- Source of Wealth: Medical devices, Self Made
- Age: 69
- Residence: Naples, Florida
- Citizenship: United States
- Marital Status: Married
- Children: 2
- Education: Bachelor of Arts/Science, Michigan State University
About Reinhold Schmieding:
Reinhold Schmieding’s journey to wealth began with the founding of Arthrex, an orthopedic surgical tools company, which he established in 1981. Despite humble beginnings, Arthrex has grown into a leading provider of orthopedic surgical solutions, with a diverse portfolio of over 13,000 products. Schmieding’s commitment to innovation, coupled with his dedication to improving healthcare outcomes, has propelled Arthrex to remarkable success in the medical devices industry.
Wealth History:
Reinhold Schmieding’s entrepreneurial acumen and relentless pursuit of excellence have led to consistent growth in his net worth, reflecting the enduring success of Arthrex under his leadership.
Did You Know:
- The iconic Arthrex logo, featuring an “X” formed by a tiny arthroscope and a grasper, was personally sketched by Schmieding, showcasing his attention to detail and creativity.
- Despite his success, Schmieding remains grounded, retaining his original $50 drafting table where he drafted his first operating instruments, a testament to his humble beginnings and commitment to his craft.
In Their Own Words:
“Our corporate mission, making people better, is founded on healthcare innovation, new job creation, employee well-being, and charitable giving.” – Reinhold Schmieding
Reinhold Schmieding’s legacy extends beyond entrepreneurship, encompassing healthcare innovation, job creation, employee welfare, and philanthropy. As he continues to lead Arthrex into the future, his impact on the medical devices industry and society at large remains profound and enduring.
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