Stefan Quandt
Encyclopedia
Stefan Quandt is a German engineer and industrialist. He is ranked as the 72nd richest person in the world in the Forbes list of billionaires, who put his personal wealth at $10.7 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.
He was born in Bad Homburg to Herbert Quandt
Herbert Quandt
Herbert Werner Quandt , was a German industrialist who is regarded as having saved BMW when it was at the point of bankruptcy and made huge profit in doing so.- Early life :...
and Johanna Quandt
Johanna Quandt
Johanna Quandt is the German widow of industrialist Herbert Quandt, who resurrected BMW from bankruptcy. As a result, she is the 14th richest person in Germany....
. He attended the University of Karlsruhe
Karlsruhe Institute of Technology
The Karlsruhe Institute of Technology is a German academic research and education institution with university status resulting from a merger of the university and the research center of the city of Karlsruhe. The university, also known as Fridericiana, was founded in 1825...
where he studied engineering from 1987 to 1993. From 1993-1994, he worked for the Boston Consulting Group
Boston Consulting Group
The Boston Consulting Group is a global management consulting firm with offices in 42 countries. It is recognized as one of the most prestigious management consulting firms in the world. It is one of only three companies to appear in the top 15 of Fortunes "Best Companies to Work For" report for...
in Munich
Munich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
. From 1994 to 1996 he worked for Datacard Group
Datacard Group
Datacard Group is one of the largest global providers of secure identification and card issuance solutions. Its customers, including banks, service bureaus, government agencies, corporations and other organizations, issue over 10 million cards every day. The company was founded in 1969 by Willis K...
of Minneapolis as a marketing manager in Hong Kong.
On his father's death in 1982 he acquired 17.4% of BMW
BMW
Bayerische Motoren Werke AG is a German automobile, motorcycle and engine manufacturing company founded in 1916. It also owns and produces the Mini marque, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad and Husqvarna brands...
, 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
Delton AG
DELTON AG is a strategic management holding company that manages value creating business activities in the sectors of pharmaceuticals, household products and logistics....
. These include:
- 76.8% of CEAG, (small power supplies and recharging devices for mobile phones)
- 50.3% of Thiel Logistik AG, a logistics company
- 100% of Heel GmbH, which makes homeopathic medicines
- 100% of CeDo Household Products, which makes freezer bags, plastic and aluminium wraps and foils, bin linersBin bagA bin bag, swag sack or bin liner or garbage bag, trash bag, refuse sack, black sack, or can liner is a disposable bag used to contain rubbish. Such bags are useful to line the insides of waste containers to prevent the insides of the receptacle from becoming coated in waste material...
, and coffee filterCoffee filterA coffee filter is a coffee-brewing utensil, usually made of disposable paper. A stainless steel filter is used to prepare Indian filter coffee, the form of coffee common in India....
s.
With his mother, he owned 18.3% of Gemplus International
Gemplus International
Acquired by the Texas Pacific Group in 2000, Luxemburg-based Gemplus International SA was a provider of smart cards and related technologies, until its June 2, 2006 merger with rival Axalto; the combined entity is known as Gemalto....
, a large digital security company, before its merger to form Gemalto
Gemalto
Gemalto is an international digital security company, providing secure personal devices such as smart cards and tokens in addition to software applications and managed services. The company was formed in June 2006 by the combination of two companies Axalto and Gemplus International...
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
Dresdner Bank
Dresdner Bank AG was one of Germany's largest banking corporations and was based in Frankfurt. It was acquired by competitor Commerzbank in December 2009.- 19th century :...
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
Johanna Quandt
Johanna Quandt is the German widow of industrialist Herbert Quandt, who resurrected BMW from bankruptcy. As a result, she is the 14th richest person in Germany....
and sister Susanne Klatten
Susanne Klatten
Susanne Klatten is the daughter of Herbert and Johanna Quandt. As of 2011, she is worth $14.6 billion, and is the richest woman in Germany and the 44th richest person in the world....
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
ARD (broadcaster)
ARD is a joint organization of Germany's regional public-service broadcasters...
, 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
Adolf Hitler
Adolf Hitler was an Austrian-born German politician and the leader of the National Socialist German Workers Party , commonly referred to as the Nazi Party). He was Chancellor of Germany from 1933 to 1945, and head of state from 1934 to 1945...
dictatorship.
