Since his publication of Monographie der Echinodermen des Eifler Kalkes (Schultze, 1866), separate from the journal article of the same name (Schultze, 1867), Dr. phil. Ludwig Johann Theodor Schultze has been well known among paleontologists and, especially, echinoderm researchers. His work applies mainly to the upper to middle Eifelian and lower Givetian Crinoidea from the Rhenish Massif. Crinoids are a class of echinoderms for which almost no German language treatise exists without citing the Schultze monograph (see Bohatý, 2001, 2004a,b, 2005a,b, 2006a,b,c,d, 2007, 2008, 2009a,b,c,d, 2010a,b, 2011a,b; Bohatý and Herbig, 2007; Bohatý and Hein, 2013; Bohatý et al., 2014; Bohatý and Ausich, in press). As well known as his work is, a biography has not been written to document the size of his former fossil collection, his other areas of collection, and his commercial trade with other collectors and dealers. He collected Devonian fossils from almost all animal groups and regions, recent conch shells, and artifacts, as well as coins, medals, and banknotes. The present article sheds light on previously unknown details on the background to the whereabouts of the collection and, thus, complements the information provided by the late Bonn paleontologist Prof. Dr. Wolfhart Langer (1933–2017) in the Nachrichtenblatt zur Geschichte der Geowissenschaften (Langer, 2009: 65–68). Langer began but did not complete a biography of Schultze. The present English-language biography is based on a German-language version, for which various addresses, registry office and university registers, association and member documents, estate documents, auction catalogs, and sales lists were searched. Furthermore, a total of eight Sütterlin handwritten letters from the Bavarian State Library in Munich, the library of the Albert Ludwig University of Freiburg, the State Archive of Schwerin (State Office for Culture and Monument Preservation), and the Entomological Library (Senckenberg German Entomological Institute) were transcribed by Bohatý and Sander (in press).