[2] In order to continue the expansion of the Schoeller steelworks already driven by Paul Eduard, Richard set up numerous branches and his own sales subsidiary to supply the German market.

He also temporarily integrated the steelworks of Prince Johann Adolf von Schwarzenberg in Vordernberg and Trofaiach into his company, but closed them down in 1911.

[3] After Paul Eduard's death in 1920, Richard became the sole heir of the family's business empire, including the Schoellerbank and the various sugar, beer and grain factories.

[4] On 11 December 1894, Schoeller was married to Emmi Frederika Siedenburg (1873–1956) at Brighton Heights Reformed Church in Staten Island.

The titles, however, were lost again after World War I with the Law on the Abolition of Nobility in 1919 after which the family members have only borne the name Schoeller without the "von".