BillionaireNet
Blase
F
Rank #1301
GERMANYManufacturingPlastics

Frank Blase

Net Worth
$3.117B
0% (24h)
Frank Blase is a German billionaire and the CEO of Igus, a global leader in "motion plastics". Born in 1960, Blase took the helm of the family business, founded in 1964 by his parents, Günter and Margret Blase. He has been the driving force behind Igus's growth, focusing on engineering, innovation, and a direct-marketing approach. His achievements include expanding the company to a major international player with a strong emphasis on research and development. Blase's estimated net worth is $3.1 billion, stemming from his ownership of Igus, which specializes in high-performance polymer products for industrial applications.

The Full Dossier

Early Life

Frank Blase was born in January 1960. His parents, Günter and Margret Blase, founded Igus in 1964 in a garage in Cologne, Germany. Blase's early life was intertwined with the beginnings of Igus, a company that started as a supplier of plastic components.

Rise to Success

Blase took over the family business and became the CEO of Igus. Under his leadership, the company transformed into a global manufacturer of "motion plastics," including plastic plain bearings, energy chains, and flexible cables. Igus specializes in producing components used in industrial automation and mechanical engineering. Blase expanded the company's reach and implemented a direct-marketing approach that includes a massive online catalog and a commitment to rapid delivery.

Key Business Strategies

Blase focused on engineering, innovation, and a unique direct-marketing approach. Igus has invested heavily in research and development, with a focus on smart products and the Internet of Things. The company has also emphasized the importance of online configuration tools to simplify design and ordering. A key strategy has been to prove the reliability of plastic products.

Philanthropy

Specific details regarding Frank Blase's philanthropy are not readily available.

Career Timeline

Ongoing

CEO of Igus

Led Igus's expansion into a global manufacturer.

1983

Joined Igus

Began working in the family business, Igus.

Wealth Trajectory