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Stefan Quandt
From Wikipedia, the free encyclopedia
Stefan Quandt (born 1966) is a German engineer and industrialist. He is also a billionaire.
He was born in Bad Homburg to Herbert Quandt and Johanna Quandt. He attended the Technical 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 the Datacard Corporation of Minneapolis as a marketing manager in Hong Kong.
On his father's death in 1982 he acquired 17.4% of BMW which 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 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 liners, and coffee filters.
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.
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