Stefan Quandt is an engineer and an industrialist who was born on May 9, 1966 to Herbert Quandt and Johanna Quandt. His father is the notable person who salvaged BMW from going bankrupt and in the process made a huge profit. This in turn made Stefan Quandt’s net worth go up to $11.9 billion after inheriting 17.4% of BMW’s shares after his father’s death in 1982. There are several other companies that he also inherited from his father that he now manages through his holding company Delton AG.
He studied engineering from 1987 to 1993 at the University of Karlsruhe. Shortly after, he had a short stint in the Boston Consulting Group in Munich from 1993 to 1994 which was then followed by his marketing manager work in Hong Kong for Datacard Group of Minneapolis.
Other than inheriting a substantial amount of wealth from his father, his mother also gave him 18.3% shares of Gemplus International, a digital security company. Some of the businesses that he manages under hi holding company are: CEAG, Logwin AG, Heel GmbH and CeDo Household Products. He currently sits on the supervisory boards of Dresdner Bank AG and Gerling Konzern Allgemeine Versicherungs AG. Together with his mother and sister Susanne Klatten, who is also a major stockholder in BMW, they form one of the wealthiest families in the world.
Stefan maintains a very low profile despite his wealth and has been sighted several times watching football matches. He got married to Katharina, a software engineer in 2005 and has a daughter who was born on New Year’s Eve that same year.