Age: 57 years old
Nationality: German
Net Worth: $16 billion
Date of Birth: May 9, 1966
Source of Wealth: Engineer
Gender: Male
Height: Unknown
Introduction
Stefan Quandt is a German business engineer and serves on BMW AG’s Supervisory Board. He’s been part of the BMW Foundation’s Board of Trustees since 1998.
He’s the son of Johanna and Herbert Quandt and inherited a significant portion of his father’s wealth, mainly in BMW shares.
While he’s been fortunate in his inheritance, he’s also worked diligently to preserve and grow it.
As of February 2024, Stefan Quandt’s net worth is around $16 billion.
Stefan Quandt’s Early Life
Stefan Quandt was born on May 9, 1966, in Frankfurt, Germany. He earned a business engineering diploma from the Technical University of Karlsruhe in 1993.
After spending some time at The Boston Consulting Group, he worked in cost and corporate accounting at Datacard Corporation in Minneapolis, Minnesota.
Later, he served as Marketing Manager at Datacard Asia Pacific Ltd. in Hong Kong.
Stefan Quandt’s Career Highlights
Here are some key highlights from Stefan Quandt’s career:
- He owns 26 percent of BMW.
- He also owns 85 percent of the logistics company Logwin.
Stefan Quandt’s Career
In the mid-90s, Quandt shifted to marketing, working as a marketing manager for Datacard Group in Hong Kong. In the early 80s, he inherited just over 17% of BMW and other profitable holdings from his father.
He oversees these through his company, Delton AG. Until 2006, he also owned nearly 20% of Gemplus International, a digital security firm.
Since 1999, Quandt has served as deputy chairperson on the board of BMW, which he joined in 1997. His term extends until 2024.
He previously held positions on the boards of Dresdner Bank AG and Gerling Konzern Allgemeine Versicherungs AG.
Quandt, his mother, and his sister collectively own shares in BMW and other companies.
He gained recognition for his wealth, ranking 66th on Forbes’ list of the world’s richest individuals. Besides BMW, he invests in firms like Logwin AG, Heel GmbH, and CEAG.
Stefan Quandt’s Net worth
Stefan Quandt, one of Germany’s wealthiest individuals, holds a significant stake in BMW, making him one of its top shareholders.
His net worth is estimated at $16 billion as of 2024. His sister, Susanne Klatten, also has a large share in BMW.
Stefan earns a whopping salary of $3,857,774,006 per year from his shares, investments, and portfolio. He owns 26% of BMW, while Susanne holds 19%.
Additionally, Stefan holds significant stakes in other companies, such as 85% in Logwin and 11% in RHJ International.
He also owns 3.6 million shares of Gemalto and 60% of Entrust Datacard, a company that manufactures credit cards and passports.
He has other holdings in CEAG, CeDo Household Products, Logwin AG, Aqton SE, and Heel.
Previously, Stefan and his mother jointly owned 18.3% of Gemplus International, which later merged with Axalto.
Stefan Quandt’s Personal Life In 2005, Stefan Quandt married Katharina, who works as a software engineer. They have a daughter.
Besides being an investor and shareholder, Stefan is passionate about giving back through his nonprofit work.
He focuses on supporting children’s education and advocating for equal opportunities for everyone.
Stefan Quandt’s Philanthropy
Alongside his successful business ventures, Stefan is actively involved in philanthropy. In 2013, he donated to the Christian Democratic Union and supported the Free Democratic Party and CDU in 2017.
His $310,000 donation to a group caused controversy. Stefan and his sister gave the money to Christian democrats, but some claimed it was a political move to sway elections, though these allegations were proven false.
Even though he does great work helping others, Stefan still receives criticism.
Stefan also helps decide on student sponsorships offered by BMW, showing his commitment to charitable efforts despite the criticism.
He also serves on the trustees board of various foundations, including the BMW Foundation, the Johanna Quandt Foundation, the Eberhard von Kuenheim Foundation, and Stiftung Charité.
How Does Stefan Quandt Spend His Money?
Despite being incredibly wealthy and influential, Stefan Quandt prefers to live a private and understated life, avoiding public attention.
He invests in various ventures, such as the homeopathic medicine company “Biologische Heilmittel Heel”, the credit card maker “Entrust Datacard”, and the logistics company “Logwin”.
Favorite Quotes from Stefan Quandt
- “Yes, they were. I don’t see a time in Germany when we could say: we shouldn’t think about the Nazi era anymore, we shouldn’t reflect on it anymore. But it also cannot be that this country is only defined by the twelve years of National Socialism.” – Stefan Quandt
- “We have set the course for the future and are very happy about a successful generational change at the top of the company.” – Stefan Quandt
3 Valuable Life Lessons from Stefan Quandt
Now that you understand Stefan Quandt’s wealth and journey to success, let’s explore some key lessons we can learn from him:
1. Stay Focused
Time isn’t the issue; it’s all about staying focused on what you want to achieve. We can accomplish anything with the right focus.
2. Courageous Decisions
Behind every successful business is someone who makes bold decisions. Success often requires taking risks.
3. Embrace Change
Accepting life’s ups and downs is essential. Progress only happens when we take action and embrace change.
Summary
Stefan Quandt is a wealthy German heir, known for his ties to the automotive industry. He holds a significant stake in BMW, one of the world’s top automakers, and serves on its supervisory board.
Despite his wealth and success, Quandt faced challenges inheriting his fortune from his father and had to navigate the responsibility of managing a large company.
As of February 2024, Stefan Quandt’s net worth is estimated to be around $16 billion.
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