Stefan Quandt’s profile picture

Stefan Quandt

Stefan Quandt’s profile picture
Net worth 2018: $21.56 Billion
Industry: Automotive
Residence: Frankfurt, Germany
Country: Germany
BirthDay: 9 May 1966
Sigh: Gemini
Children: 1
Education: Associate in Arts / Science, Technical University of Karlsruhe
BIOGRAPHY

Stefan Quandt was bornon 9 May 1966 in Frankfurt, Germany, Germany. Stefan Quandt is #42 in List Billionaires People In The World. Stefan Quandt, son of the late Herbert and Johanna Quandt, owns 25.6% of the automaker famous for its BMW, Mini and Rolls Royce brands. His sister, Susanne, owns 20.8% of BMW. Both sit on the company's supervisory board; Stefan is its deputy chairman, and many observers believe he is being groomed to head the board. After graduating from Technical University of Karlsruhe, where he studied economics and engineering, he worked at Boston Consulting and as a Hong Kong-based marketing manager for a company he owns: Entrust Datacard Corp. Based in Minneapolis, it specializes in identity-card issuance and technologies for online and mobile identity and transaction authentication. He owns and manages Delton AG, a holding company whose subsidiaries include a $2 billion (estimated sales) maker of homeopathic drugs and a logistics company. Another 100%-owned holding company is Aqton SE, which owns a Gemalto of the Netherlands -- a company similar to Entrust Datacard. Another 100%-owned holding company is Aqton SE, which owns a stake in Gemalto of the Netherlands -- a company similar to Entrust Datacard. In 2012, under the umbrella of Aqton, he bought 94% of bankrupt solar module maker Solarwatt, which subsequently entered into a partnership with BMW. It's now focused on providing solar power for rooftop systems and carports.

NET WORTH STATISTIC
2009

$4.6 Billion

2010

$5.7 Billion

2011

$10.7 Billion

2012

$11.2 Billion

2013

$11.9 Billion

2014

$14.9 Billion

2015

$15.6 Billion

2016

$15.6 Billion

2017

$18.3 Billion

2018

$21.56 Billion

TIMELINE
Stefan Quandt (born 9 May 1966) is a German billionaire heir, engineer and industrialist.He was born in Bad Homburg to Herbert Quandt and Johanna Quandt. He attended the University of Karlsruhe where he studied engineering from 1987 to 1993.From 1993–1994, he worked for the Boston Consulting Group in Munich. From 1994 to 1996 he worked for Datacard Group of Minneapolis as a marketing manager in Hong Kong.On his father's death in 1982 he inherited 17.4% of BMW, the company his father had saved from bankruptcy in 1959. Quandt also inherited from his father substantial holdings in other companies, many of which he runs through his holding company, Delton AG. These include:With his mother, he owned 18.3% of Gemplus International, a large digital security company, before its merger to form Gemalto in 2006. He currently serves BMW as a deputy chairman of the supervisory board. He also has held seats on the supervisory boards of Dresdner Bank AG and of the Gerling Konzern Allgemeine Versicherungs AG. Rumours predict he will eventually become head of BMW's supervisory board. His mother Johanna Quandt and sister Susanne Klatten are also substantial shareholders in BMW and other large German companies making them one of the wealthiest families in the world.In autumn 2005, he married Katharina, a software engineer. They have a daughter, born on New Year's Eve that same year. He has been sighted watching football matches but otherwise keeps a low profile.The Hanns-Joachim-Friedrichs-Award winning documentary film The Silence of the Quandts by the German public broadcaster ARD described in October 2007 the role of the Quandt family businesses during the Second World War. The family's Nazi past was not well known, but the documentary film revealed this to a wide audience and confronted the Quandts about the use of slave labourers in the family's factories during World War II. As a result, five days after the showing, four family members announced, on behalf of the entire Quandt family, their intention to fund a research project in which a historian will examine the family's activities during Adolf Hitler's dictatorship. The independent 1,200-page study that was released in 2011 concluded: "The Quandts were linked inseparably with the crimes of the Nazis"-Joachim Scholtyseck, the Bonn historian who compiled and researched the study. As of 2008 no compensation, apology or memorial at the site of one of their factories, have been permitted. BMW was not implicated in the report.
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