Susanne Klatten’s profile picture

Susanne Klatten

Susanne Klatten’s profile picture
Net worth 2018: $24.77 Billion
Industry: Automotive
Residence: Bad Homburg, Germany
Country: Germany
BirthDay: 28 April 1962
Sigh: Taurus
Children: 3
Education: Master of Business Administration, International Institute for Management and Development
BIOGRAPHY

Susanne Klatten was bornon 28 April 1962 in Bad Homburg, Germany, Germany. Susanne Klatten is #33 in List Billionaires People In The World. Susanne Klatten ranks as Germany's richest woman thanks primarily to the interests she inherited in automaker BMW from her deceased parents, Herbert and Johanna Quandt. Susanne and her brother, Stefan Quandt, together own almost 50% of BMW. A trained economist with an M.B.A., Klatten is credited with helping transform Altana AG, based in the German town of Wesel on the Lower Rhine, into a world-class pharmaceutical/specialty chemical corporation. She inherited 50% of the company, which has been a phenomenal moneymaker and currently derives about 85% of its $2 billion-plus in annual sales from foreign customers. After it sold its pharmaceutical business, best known for the blockbuster ulcer drug Pantoprazol, to Scandinavian firm Nycomed for around $6 billion in 2006, she received roughly half of the proceeds in the form of a special dividend. Having since taken the company private, she currently owns 100% and serves as co-Deputy Chairperson of the Supervisory Board. She also holds stakes in wind power outfit Nordex AG, soil additive company Geohumus and carbon and graphite producer SGL Group, where she became Chairperson of the Supervisory Board in 2013. Her SKion Holding Group, an investment vehicle based in Bad Homburg vor der Hoehe near Frankfurt am Main, has an arm dedicated to water technology, with stakes in five companies in Germany and the Netherlands. Klatten lives in Bad Homburg vor der Hoehe and has a second home in Kitzbuehel, Austria; she is sometimes spotted at the Alpine ski resort in winter months with her husband Jan at her side. Klatten is otherwise known for keeping an extremely low profile.

NET WORTH STATISTIC
2009

$10 Billion

2010

$11.1 Billion

2011

$14.6 Billion

2012

$13 Billion

2013

$14.3 Billion

2014

$17.4 Billion

2015

$16.8 Billion

2016

$18.5 Billion

2017

$20.4 Billion

2018

$24.77 Billion

TIMELINE
Susanne Klatten (born Susanne Hanna Ursula Quandt on 28 April 1962) is a German heiress, the daughter of Herbert and Johanna Quandt. As of January 2018, her net worth was US$26.7 billion, making her the richest woman in Germany and the 35th richest person in the world.Klatten was born in Bad Homburg, Germany. After gaining a degree in business finance, she worked for the advertising agency Young & Rubicam in Frankfurt from 1981 to 1983. This was followed by a course in marketing and management at the University of Buckingham, and an MBA from IMD in Lausanne specialising in advertising.She gained further business experience in London with Dresdner Bank, the Munich branch of management consultants McKinsey and the bank Bankhaus Reuschel & Co.Recognising that her wealth is sometimes a problem, she often worked incognito under the name Susanne Kant.On her father's death she inherited his 50.1% stake in pharmaceutical and chemicals manufacturer Altana. She sits on Altana's supervisory board and helped transform it into a world-class corporation in the German DAX list of 30 top companies. In 2006 Altana AG sold its pharmaceutical activities to Nycomed for €4.5 billion, leaving only its speciality chemicals business. The €4.5 billion was distributed to shareholders as a dividend. Altana maintained its stock exchange listing and Klatten remained its majority shareholder. In 2009, she bought almost all shares she did not already own in Altana.Her father also left her a 12.50% stake in BMW. She was appointed to the supervisory board of BMW with her brother Stefan Quandt in 1997.German graphite maker SGL Carbon said on 16 March 2009 that Klatten owns options to raise her stake in SGL from 8% to almost a quarter of the shares but no more than that.She owns an approximately 25% stake in German wind turbine manufacturer Nordex and, in 2012, bought stakes from Dutch biotech company Paques and used oil recycling company Avista Oil (de) of Germany.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 even memorial at the site of one of their factories, have been permitted. BMW was not implicated in the report.Police prevented an attempt to kidnap her in 1978.Susanne met Jan Klatten while she was doing an internship with BMW in Regensburg, where he worked as an engineer. It is reported that during this time she called herself Kant and did not tell him who she was until they were sure about each other, but Klatten herself denies the story. They married in 1990 in Kitzbühel and live in Munich. They have three children. She plays golf and skis in Austria. She has been a member of the University Council of the Technical University of Munich since 2005. In 2007 she was awarded the Bayerischer Verdienstorden, the Bavarian Order of Merit. She is one of the biggest donors of the centre-right political party, the Christian Democratic Union.In 2007 Klatten was blackmailed by Helg "Russak" Sgarbi, a 44-year-old Swiss national who threatened to release materials depicting the two having an affair. Sgarbi, who was charged with similar blackmail schemes against multiple women, was arrested in January 2009 and brought to court in Germany, where he was sentenced to six years in jail. His accomplice, the Italian hotel owner Ernano Barretta who allegedly filmed Sgarbi and Klatten with hidden cameras, was also arrested and was sentenced in 2012 to seven years in prison.
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