Stefan Quandt Net Worth & Biography

Born on May 9, 1966, in Bad Homburg, Germany, Stefan Quandt, a graduate of engineering from the University of Karlsruhe, is best described as a German engineer and industrialist who, at this moment, owns a net worth of more than 16 billion dollars.

He is ranked as the 6^th wealthiest person in Germany and as the 81^st in the world (according to Forbes magazine) thanks to the fortune he inherited from his family’s business ventures in addition to his self-made riches. After graduating from college in 1993, he found employment at the Boston Consulting Group in Munich and worked there for a year before joining a smart card maker in Hong Kong called Datacard Group Minneapolis to work as a marketing manager from 1994 to 1996.

His father, the late Herbert Quandt, upon his passing, left in Stefan’s control, a 17.4 percent share in the German auto giant BMW. Along with his sister, Susanne Klatten who is a billionaire as well, Stefan sits on the supervisory board of the automaker. His mother, Johanna Quandt, also owns a share in BMW in addition to her million-dollar fortune.

Additionally, Mr. Stefan Quandt also inherited from his father a significant number of substantial holdings in multiple businesses under his holding company, Delton AG. As an engineer by academic qualification, Stefan manages the pharmaceutical firm which now has an estimated worth of $2 billion in sales. Companies under Delta AG include CeDo Household Products (maker of coffee filters, bin liners, freezer bags, plastic, and aluminium wraps and foils), Heel GmbH (maker of homoeopathic medicines, Logwin AG (logistics and freight forwarding company), and CEAG (power supplies and recharging devices for cellphones). More details follow below.

Early Life: Childhood, Education

He was born in Bad Homburg in Frankfurt, Germany on the 9th of May, 1966. He then attended the Technical University of Karlsruhe and graduated with a diploma in business engineering in 1993. His father was Herbert Quandt, his mother is Johanna Quandt, and his only sibling is his sister, Susanne Klatten.

Professional Life: Entrepreneurial Career

When he had graduated from the Technical University of Karlsruhe, Stefan Quandt joined the Boston Consulting Group for his first experience in business. From there, he joined Datacard Corporation in Minneapolis, Minnesota, where he worked in cost accounting and corporate accounting. From there, he moved to Datacard Asia Pacific Ltd. in Hong Kong and worked there as a Marketing Manager.

In the early 80s, he inherited 17.4 percent of BMW from his father, Herbert Quandt, along with several other lucrative holdings. He manages all of that he currently holds under his umbrella company Delton AG. Until 2006, he also owned around 20 percent of the digital security company Gemplus International. He joined the company’s board in 1997 and has been the deputy chair of the board since 1999. His appointment goes until 2024.

The businessman formerly had positions on the boards of the Gerling Konzern Allgemeine Versicherungs AG and Dresdner Bank AG. He is currently on the supervisory board of BMW. His sister and mother also own shares in BMW, as well as other companies. Besides BMW, Mr. Quandt also owns shares in other companies. Some of them are CEAG, Logwin AG, and Heel GmbH.

Mr. Stefan Quandt has made a step to help people in utilizing renewable energy.

He manages a company that controls investments which are mainly on solar energy. His company, Aqton SE, manages the firms that are dealing in these solar energies. The renewable energy companies include Solarwatt, Heliatek, and Kiwigrid. Solarwatt deals in the production of PV panels, solar batteries, and the management of energy solutions. Heliatek deals in the production and distribution of organic solar panels. Kiwigrid, on the other hand, offers a solution for renewable energy for utilities.

Personal Life: Wife, Children, Private Interests

Stefan and Katharina Quandt have been married since 2005. She works as a software engineer and they have a daughter together. Their primary residence is in Frankfurt, Germany.

Although he prefers to live a quiet life, Mr. Quandt, who hardly shows up in the media to talk about anything at all, has been observed to have a keen interest in sports, particularly football. He has been seen on numerous occasions at various restaurants enjoying football matches. No one can tell for sure the teams that he supports, but there’s no doubt that he enjoys the game.

Philanthropy

A man that takes after the spirit of investing that his late father had, this German multibillionaire is known for his charity work. He is always willing to support the community by making significant donations to facilitate different projects. Despite doing the work of helping other people excellently, he still faced criticism. His $310,000 donation to one organization sparked controversy. He made the donation along with his sister, Susanne, for Christian democrats, but people said that the donation to the group was political. They claimed that Stefan and his sister wanted to influence the elections, but the allegations were deemed false. Through his concerns, the BMW Company also offers sponsorships to some students, and he leads the committee that decides on the scholarships.

Stefan has been involved in many charitable activities, turning a deaf ear to critics who see nothing good in what he does do or say.

Salary, Income Sources, Assets

Mr. Stefan Quandt’s net worth is a whopping 16 billion dollars. He is an automobile heir and his current financial situation makes him one of the richest businesspersons in Germany. His wealth has been made from numerous companies which his late billionaire businessman father left behind in his care. He currently owns more than 17 percent of BMW, the world’s second-largest automaker. Furthermore, he owns 85 percent of logistics company Logwin, 11 percent of RHJ International, and millions of shares of software manufacturer Gemalto. He also controls the homeopathic medicine firm Biologische Heilmittel Heel in addition to other significant establishments.