Celebrity Biographies
Stefan Quandt Biography and Net Worth
Stefan Quandt is a German billionaire, engineer, and industrialist, he has a net worth of US$26 billion.
Who is Stefan Quandt?
A: Stefan Quandt is a German billionaire and he inherited a substantial fortune from his father, Herbert Quandt, a prominent industrialist.
Bio Data
| Name | Stefan Quandt |
| Gender | Male |
| Date of Birth | May 9, 1966 |
| Age | 57 years old |
| Place of Birth | Bad Homburg vor der Höhe |
| Profession | Industrialist, Engineer |
| Nationality | Germany |
| Net worth | $26 Billion |
Stefan Quandt Biography
Stefan Quandt was born and raised in Bad Homburg, Germany, and is the son of Nazi industrialist Herbert Quandt. He studied engineering and economics at the University of Karlsruhe from 1987 to 1993.
Herbert’s grandfather, Guenther, grew the family business into an empire, seizing opportunities during World War I and II. The company used slave labor during WWII. After the war, Harald and Herbert expanded the empire, with Herbert acquiring a significant stake in BMW.
Harald sold the family’s Daimler shares for $1 billion in 1974. Today, Stefan Quandt is a billionaire with a low profile, residing in Frankfurt.
Career
Stefan Quandt, a prominent figure in the business world, inherited a significant stake in BMW after his father’s passing in 1982. Initially holding 17.4%, he later increased it to 23.7%. Following his mother’s passing in 2015, his stake surged to over 30%, leading to a takeover offer. Seeking an exemption, Quandt ultimately emerged as BMW’s largest shareholder in 2018.
Beyond his involvement with BMW, Quandt exercises influence over a range of companies through Delton AG, with interests in pharmaceuticals and logistics. His diverse holdings encompass CEAG, Logwin AG, CeDo Household Products, and Heel. Additionally, Aqton SE, under his purview, manages investments in renewable energy. Notably, Quandt also had a stake in Gemplus International before its merger in 2006.
Quandt’s career trajectory began with roles at Boston Consulting Group post-college, followed by a stint as a marketing manager in Hong Kong. He later assumed positions on the boards of Dresdner Bank and Gerling Konzern. Committed to education, he supports various projects through his non-profit, Activator.
Moreover, Quandt is actively involved in philanthropic foundations, reflecting his dedication to making a positive impact beyond the business realm. With a diverse portfolio and philanthropic endeavors, Stefan Quandt stands as a notable figure in both the corporate and charitable spheres.
Net Worth
Stefan Quandt has an estimated net worth of $26 billion, ranking among the richest in Germany and worldwide. He and his sister Susanne inherited BMW and Altana shares.
He has more BMW shares, making him its top owner. He owns parts of Logwin, RHJ International, Gemalto, Biologische Heilmittel Heel, and Entrust Datacard.
Personal Life
Quandt wed software engineer Katharina in 2005. Later that year, they welcomed a daughter. The couple lives quietly in Frankfurt.
FAQs
Q: Who is Stefan Quandt?
A: Stefan Quandt is a German billionaire, born on May 9, 1966. He inherited a substantial fortune from his father, Herbert Quandt, a prominent industrialist.
Q: What is Stefan Quandt known for?
A: Stefan Quandt is known for being a major shareholder in BMW, one of the world’s leading automobile manufacturers. He also oversees various other businesses through his strategic management company.
Q: What is Stefan Quandt’s net worth?
A: As of October 2021, Stefan Quandt’s net worth is estimated to be around $23.2 billion, making him one of the wealthiest individuals in Germany and globally.
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