Reinhold Schmieding net worth & biography:
Mr. Schmieding entered the billionaire ranks before this year on the rear of the powerful performance of his orthopedic medical device business, Arthrex. The Naples-based business, which generates $1.4 billion (sales), is said to make 7,500 products for shoulder, knee and other joint procedures. Despite the fact that the son of a dentist, he did not go to medical school (as he was anticipated), but instead turned his focus to engineering and company. Soon after he got the idea to create tools for the growing area of minimally invasive arthroscopic surgery, he purchased a $50 drafting table and began sketching the tools during the nighttime. Now, he’s the majority investor in the privately-held company that produces 94% of its goods in the States.