Quandt Family

In a noisy world where everyone is looking for success and distinction, we see many commercial projects with equal capital, the same size and capabilities, but we see one of these projects was able to succeed and compete in the market and create a place for itself. We'll tell you in this report about the Quandt family (BMW)

Stefan Quandt (born May 9, 1966) is a German billionaire heir, engineer, and industrialist. As of October 2021, his net worth is estimated to be US$23.2 billion and he is ranked 89th on the 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 at the Boston Consulting Group in Munich. From 1994 to 1996, he worked at Datacard Group in Minneapolis as a marketing manager in Hong Kong.

BMW

Upon his father's death in 1982, Quandt inherited 17.4% of BMW, the company that his father had saved from bankruptcy in 1959. Through additional purchases, he later owned 23.7% of the company.In 1997, he joined the company's supervisory board.

Following the death of his mother in 2015, Quandt's voting stake in BMW was temporarily increased to 34.19%, exceeding the 30% threshold that triggered a mandatory takeover bid under German rules. He then asked the Federal Financial Supervisory Authority (BaFin) to exempt him from these rules. In 2018, Quandt became BMW's largest individual shareholder when his direct ownership was increased by shares he inherited from his mother, giving him a so-called "blocking share" of 25.83%, worth €13.4 billion ($16.6 billion).He currently serves as deputy chairman of the supervisory board of BMW.

Delton

Quandt also inherited significant stakes in other companies from his father, many of which he has run through his holding company, Delton AG, since 1989. These include:

• 76.8% of CEAG, (small power supplies and mobile phone rechargers)
• 87.6% of Logwin AG (formerly Thiel Logistik, a logistics and shipping company)
• 100% of Biologische Heilmittel Heel GmbH, which makes homeopathic preparations
• 100% of CeDo Household Products, which makes freezer bags, plastic and aluminum foil and wrappers, bin liners, and coffee filters

With his mother, Quandt owned 18.3% of Gemplus International, a large digital security company, before it merged to form Gemalto in 2006.

Other Activities Corporate Boards

• Frankfurter Allgemeine Zeitung Member of the Supervisory Board (since 2019)

• Dresdner Bank Former Member of the Supervisory Board

• Gerling Konzern GmbH Verschischerung Former Member of the Supervisory Board

Activities of corporate boards

Through the non-profit organization Aqtivator, Quandt supports projects for children, young people and families with a focus on education, integration and equal opportunities.

Other activities Corporate boards

• Frankfurter Allgemeine Zeitung, member of the Supervisory Board (since 2019)
• Dresdner Bank, former member of the Supervisory Board
•  Gerling Konzern Allgemeine Versicherungs, former member of the Supervisory Board Non-profit organizations

Other activities to follow Corporate Boards

Friends of the Museum of Modern Art, Chairman of the Board of Directors (since 2015)

• Karlsruhe Institute of Technology (KIT), Member of the Supervisory Board (since 2013)
• BMW Foundation, Member of the Board of Trustees
• Eberhard von Kuenheim Foundation, Member of the Board of Trustees
• Johanna Quandt Foundation, Member of the Board of Trustees
• Charité Foundation, Member of the Board of Trustees

Charity

Through the nonprofit Aqtivator, Quandt supports projects for children, youth and families in need, focusing on education, integration and equal opportunity.

References:

https://en.wikipedia.org/wiki/Stefan_Quandt

https://arz.wikipedia.org/wiki/Stefan_Quandt