Stefan Quandt
Frankfurt, Germany
Associate in Arts/Science, Technical University of Karlsruhe
Germany
BMW
$17,000,000,000
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#60 Billionaires 2019
Stefan Quandt owns 23.7% of automaker BMW; his sister, Susanne Klatten, the richest woman in Germany, owns 19.2%.Their late mother, Johanna, was the third wife of legendary industrialist Herbert Quandt, who guided BMW to preeminence in the luxury market.Both siblings serve on the BMW Supervisory Board; Quandt is deputy chairman. He graduated from Technical University of Karlsruhe, where he studied economics and engineering.His holdings also include Heel (homeopathic medicine), Gemalto (digital security) and Logwin (logistics).
In 2018, Quandt received dividends from BMW in excess of $700 million, before tax.After university, Quandt worked at Boston Consulting and as a Hong Kong-based marketing manager for one of his portfolio companies, Entrust Datacard.
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