Udo Schütz Net Worth

Udo Schütz has an estimated net worth of $3.3 billion, according to Forbes Real-Time Billionaires, Udo Schütz profile (figures as of October 20, 2026). That is up from $3.1 billion in 2025.

Udo Schütz is a German entrepreneur and the founder of Schütz-Werke, an industrial packaging company based in his home town of Selters in the Westerwald region. He was born on 11 January 1937. Before he became known as a billionaire industrialist, he was a successful racing driver and later a champion sailor.

In the 1960s Schütz raced sports cars and won several championships. In 1965 he and Anton Fischhaber won the GT 2.0 class at the 1000 km Nürburgring in a Porsche 904, and he was soon hired by the Porsche factory team. Tall and heavily built, he was nicknamed the Bull from Selters, and he often struggled to fit into the low race cars of the era.

His biggest win came in 1967, when he won the 1000 km Nürburgring outright with Joe Buzzetta in a Porsche 910. He also won at Mugello that year with Gerhard Mitter and shared a car with Jochen Rindt at Brands Hatch. In 1968 he drove for Alfa Romeo, finishing fifth at the 24 Hours of Daytona. Later he turned to sailing: in 1993 his yacht, named Container, helped Germany win the Admiral's Cup, and in 2008 he had a new Container built. In 1969 he won the Targa Florio with Mitter and helped Porsche secure the World Sportscar Championship, but after Mitter was killed in practice for the German Grand Prix that year, Schütz retired. In total he won 50 races.

How Udo Schütz made his money

Schütz founded Schütz-Werke in 1958. The company makes industrial packaging, including intermediate bulk containers, which explains the name of his yacht. Over the decades it has expanded into recycling, energy systems and products for the aerospace industry.

Today Schütz-Werke has plants in the U.S., Brazil, Japan, China and Indonesia and employs 7,000 people. Together with his two sons, Schütz owns just under 75% of the company. He has given 25.5% of the shares to the family's charitable foundation, the Else Schütz Stiftung.

How Forbes has valued Udo Schütz

Forbes first listed Schütz in 2025, with a net worth of $3.1 billion. His figure rose to $3.5 billion on the 2026 World's Billionaires List.

As of October 20, 2026, the Forbes real-time billionaires tracker showed $3.3 billion. Since Schütz-Werke is privately held, his figure is based on Forbes estimates of the family's stake in the business.