Stefan Quandt
German businessman
Stefan Quandt (born 9 May 1966) is a German billionaire heir, engineer and industrialist. As of December 2024, Forbes estimated his net worth at US$21.6 billion, ranked at number 89 on Bloomberg Billionaires Index.
Early life
Quandt was born in Bad Homburg to Herbert Quandt, a German industrialist and prominent Nazi, and Johanna Quandt. He earned a degree from the University of Karlsruhe where he studied economics and engineering, from 1987 to 1993.
Career
From 1993 to 1994, Quandt 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.
BMW
On his father's death in 1982 Quandt inherited 17.4% of BMW, the company his father had saved from bankruptcy in 1959. From further purchases he later owned 23.7% of the company. In 1997, he joined the company's supervisory board.
Following his mother’s death in 2015, Quandt’s voting stake in BMW temporarily increased to 34.19 percent, above a 30 percent threshold which triggered a compulsory takeover offer under German rules.
“Stefan Quandt” enters the record as german businessman. Crown Archives preserves that source wording while asking what Stefan, Quandt and German can confirm, complicate or overturn.
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This entry incorporates text from “Stefan Quandt” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.