Stefan Quandt (born 9 May 1966) is a German billionaire heir, engineer and industrialist.
Early life
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.
Career
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 inherited 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:
- 76.8% of CEAG, (small power supplies and recharging devices for mobile phones)
- 50.3% of Logwin AG (formerly Thiel Logistik, a logistics and freight forwarding 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 liners, and coffee filters.
With his mother, he owned 18.3% of Gemplus International, a large digital security company, before its merger to form Gemalto in 2006. He currently[when?] 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.
Quandt owns 26 percent of Bayerische Motoren Werke, the world’s largest maker of luxury vehicles. The Munich-based company’s brands include BMW, Mini and Rolls-Royce. He also has stakes in homeopathic medicine company Biologische Heilmittel Heel, credit card maker Entrust Datacard and logistics company Logwin.
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