Stefan Quandt Net Worth is$11.2 Billion
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Date of Birth: May 9, 1966
Country: Germany
Net Worth: View Stefan Quandt Net Worth
What is Stefan Quandt's net worth? Stefan Quandt's net worth is $11.2 billion dollars which makes him one of the richest people in Germany. Born in Bad Homburg, Stefan Quandt currently resides in Frankfurt, Germany. He graduated from the University of Karlsruhe with a degree in Engineering, and then worked for a consulting firm in Munich for a few years. He shifted his focus to marketing in the mid-90s, working for Datacard Group in Hong Kong, as a marketing manager. In the early 80s, he inherited just over 17% of BMW from his father, along with a number of other lucrative holdings. He manages all of these under his umbrella corporation Delton AG. Until 2006, he also owned almost 20% of Gemplus International, a digital security company. He was formerly on the boards of Dresdner Bank AG and the Gerling Konzern Allgemeine Versicherungs AG, and is currently on the supervisory board of BMW. His mother and sister also own portions of BMW, as well as a number of other companies.
Stefan Quandt (born 9 May 1966) is a German engineer and industrialist. He is ranked as the 76th richest person in the world in the Forbes list of billionaires, who put his personal wealth at $11.2 billion
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 acquired 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. Currently he 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.
A programme by the German public broadcaster, ARD, in October 2007 described in detail the role of the Quandt family businesses during the Second World War. As a result, 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 Hitler's dictatorship.

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Stefan Quandt Latest News

Stefan Quandt seeks to avoid forced BMW takeover bid

FRANKFURT (Reuters) -- Stefan Quandt has asked German regulator BaFin to be excused from takeover rules that otherwise could force him to make an offer to buy the whole of BMW, a spokesman for the Quandt family told Reuters on Tuesday. Following the death ...
Posted: August 11, 2015, 10:03 am

Stefan Quandt, the billionaire behind BMW, backs batteries

Stefan Quandt, the billionaire behind BMW, is quietly investing in battery technology. According to Bloomberg, Quandt invested in Solarwatt, a company that lets customers store … Stefan Quandt, the billionaire behind BMW, is quietly investing in battery ...
Posted: December 8, 2015, 1:17 pm

BMW heir Stefan Quandt asks for exemption from takeover bid

FRANKFURT: Stefan Quandt has asked German regulator BaFin to be exempted from German takeover rules that could force him to make a compulsory takeover for BMW, a spokesman for the Quandt family told Reuters on Tuesday. Following the death of BMW ...
Posted: August 11, 2015, 2:53 pm
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