Reinhold schmieding children
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Reinhold D. Schmieding, born in Michigan in the mid-1950s to German immigrant parents, represents a paragon of entrepreneurial spirit and innovation in the medical device industry. The journey of this American billionaire businessman, who holds a substantial 95% ownership of Arthrex, Inc., embodies a narrative of determination, innovation, and leadership.
Early Life and Education
Schmieding’s early years in Michigan were shaped by his heritage and family values. His father, a dentist and a German paratrooper during World War II, had high hopes for his son to follow in his medical footsteps. Despite these expectations, Schmieding carved his own path, pursuing a degree in Physiology from Michigan State University, with minors in business and German, laying the groundwork for his future endeavors.
The Genesis of Arthrex
In the mid-1970s, Schmieding’s career began with a position at Richards Medical in Germany, where he garnered experience in orthopedic sales. This experience, coupled with an unyielding entrepreneurial spirit, led him to found Arthroscopy Excision Inst
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Reinhold Schmieding
American businessman
Reinhold Schmieding | |
|---|---|
| Born | Reinhold D. Schmieding 1955 or 1956 (age 68–69)[1] Michigan, U.S. |
| Education | Michigan State University |
| Occupation | Businessman |
| Known for | Owner of Arthrex |
| Title | Founder and CEO, Arthrex |
| Children | 2 |
Reinhold D. Schmieding (born 1955/56) is an American billionaire businessman and the founder, CEO and owner of Arthrex.
Early life
Schmieding was born in Michigan, the son of a dentist.[2] His parents emigrated from Germany six months prior to his birth.[3] He was educated at Michigan State University from 1973 to 1977.[1] Schmieding was a member of the Delta Chi fraternity.[4]
Career
From 1981 to 1985, Schmieding worked for Med Tech International in Westport, Connecticut.[1]
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 Schmiedin
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The son of German immigrants has become a billionaire in Naples by combining hard-nosed business tactics with a Euro-style workplace to dominate the arthroscopic surgical instrument market.
In 2011, Arthrex, a company led by one of Collier County’s richest men, asked for $2 million in government incentives to expand in the county.
61, Founder/President of Arthrex » Family: Married with two children » Net worth: $4.6 billion, placing him No. 369 on Forbes’ list of the world’s billionaires (No. 126 in
the U.S.) and No. 8 on
its self-made list
The request by the company, which designs and manufactures orthopedic surgical tools, devices and implants, generated friction. Collier County Commissioner Georgia Hiller, who represented the district where Arthrex is based, believed the company didn’t meet the law’s standards for the incentives and said she had to oppose it on principle. All the other commissioners supported it.
Reinhold Schmieding, the founder and president of the North Naples company, took Hiller&rsq
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