We live in an era of truly incredible inequality: the middle class versus the billionaire class. The Quandt family fortune began when Herbert Quandt turned BMW from a struggling car company into one of the largest luxury car companies in the world. The family matriarch Johanna Quandt died in This family has some wild history and stories.

Let's start with Herbert. His father Guenther Quandt turned a family textile business that he inherited from his father Emil into one of the largest clothing manufacturers in Germany. He made military uniforms. When World War I was over, Guenther had a lot of cash, so he bought a company that made batteries, one that made sewing machines, a silverware manufacturer, and a large stake in the car company Daimler.

When Guenther died inthe Quandt group was a conglomerate of about businesses. It's launch created a new segment in the car market. This model put BMW on the path to success. Herbert married his third wife Johanna in She had been a secretary at BMW in the s and eventually his personal assistant.

The couple had two children Stefan and Susanne. When Hebert died inhis stake in BMW was divided between his wife and two children. Speaking of Susanne…she was born April 28, After she finished high school, Susanne went to Frankfurt to study business and economics.

Stefan Quandt

While she was already a very wealthy young woman, Susanne didn't go the pampered heiress route. She kept at her education, taking courses in marketing and management at the University of Buckingham, and then getting an MBA from the IMD business school in Lausanne, Switzerland with a specialization in advertising.

Most of Susanne's knowledge and business savvy comes from the positions she held in the years following her schooling.

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Instead of becoming a typical trust fund baby, Susanne worked at an agency for two years in the early 80s before going on to the University of Buckingham. She also held a number of hands-on internships in her family's business empire. The two instantly felt a connection and soon were going on dates.

He had absolutely no clue that she was an extremely wealthy heiress. She didn't reveal her true identity until after Jan proposed. InSusanne joined the board of Altana, a pharmaceutical and chemicals manufacturer that she personally owns Inshe bought up all the outstanding shares of Altana that she didn't already own.

Susanne Klatten leads a very private life. She is rarely interviewed and almost never seen in public. Consequently, not much is known of her personal life except that she, her husband, and three children live in Munich. Celebrity Net Worth. Search Random. Share on Facebook. Did we make a mistake? The Bad News? The Good News?Dealing with inherited wealth is not easy, especially when the wealth is of great value.

The wealth needs to be maintained to avoid the collapse of its source, and one way is to ensure you work both smart and hard. Inherited wealth is also prone to jealousy from people who wish they were the ones enjoying the wealth; some have even killed for a few thousand dollars since they are named as next of kin.

Stefan Quandt is one who has been fortunate enough to inherit lots of wealth and has worked hard to maintain it.

Get to know more about Stefan by checking on these facts about him. Stefan is the major shareholder of BMW, which is a prominent automobile in the luxury market. According to Forbes, Stefan owns The ownership of BMW was once held by their parents. Johanna, their mother, who was the third wife to their father, promoted the brand of vehicle and later gave shares to the children.

Being the largest shareholders of BMW, the siblings of Herbert Quandt help in a supervisory capacity. Stefan is the deputy chairperson in the board, and many of the decisions of the company get implemented only after consulting him. He has been the deputy chairperson in the supervisory board since after joining the board earlier inand his appointment goes until Stefan is a graduate from the Technical University of Karlsruhe where he pursued degrees in economics and engineering before starting his business journey.

Stefan was interested in science from a younger age; hence, the billionaire studied the courses from to Upon graduating, he ventured into business which is in line with his area of study to put his theoretical knowledge into practice. Stefan being a billionaire might make us believe that he is enjoying life. Despite the luxury that is associated with the wealth that he has, several things make his life hard.

First of all, it was a great challenge to inherit a considerable fortune from his father. Chances were high that the company could collapse under his management, and this sent him thinking of how to maintain it. Stefan says that inheriting the wealth made many people jealous and he has to deal with the jealousy daily, which makes things hard for him.

stefan quandt

At some point, cases were filed against the company, and he had to defend the company against all accusations made. Whenever we are starting a business, what we mainly think about is the projected profits. Stefan is different in this regard; it is not the money that drives him but instead gets motivation from positive results in the company. When he was given a seat on the board at 30, Stefan experienced intense pressure as he had to show everybody how things will work out with him at the helm.

Major Stefan Quandt, LGAN 2017 an der Führungsakademie der Bundeswehr

He currently looks at creating jobs for people in Germany instead of making a lot of money as a measure of his success. His father, Herbert Quandt, passed away in He was in three different marriages that were preceded by divorce in the first two.

Herbert was a prominent businessman, and he is the reason why Stefan is swimming in enormous wealth. He made BMW the big brand that it is today through his tireless efforts. However, there is a time when this immense wealth would have been taken away from the family when the board of BMW wanted to sell the company to another businessman.

Herbert could not allow it and defended it, by all means, ensuring that he left his children and grandchildren a fortune. He also saved the company from bankruptcy by diverting funds that he had from other companies to BMW. Since Herbert was shred businessman, he ensured that the shares of BMW were spread equally among his children to avoid family disputes over the allocation. Upon his death, his children inherited all the businesses that Herbert ran.Stefan Quandt is an engineer, businessman, industrialist and philanthropist of German origin.

He is known to be very giving and charitable and supports the community by making huge sums of donations to various organizations. Emil and Hegwig Quandt were the great-grandparents of Stefan. Emil, his great-grandfather was a textile manufacturer. He had inherited the business after getting married to Hedwig Draeger.

Altana is a company that deals in manufacturing of chemicals. With his first wife, he had two sons. Gunther was a supporter of Hitler and the Nazi Party. He died of Spanish flu in He, too, just like his father, was the supporter of Nazis. After two failed marriages, he married Johanna Bruhn, who worked as a secretary in his office at the time.

She is the mother of Stefan Quandt. The couple had a daughter too. His previous two marriages produced a total of four children altogether. Susanne is the only sister that Stefan has from the same mother.

Susanne married Jan Klatten in and the couple has 3 children together. Stefan married Katharina in the year She is a Software Engineer by profession and supports her husband in many philanthropic causes. They have one daughter together. Stefan has just one daughter as of now. She was born on 31 st December, As ofStefan Quandt has a net worth of This makes him the 59 th richest person in the world and the 7 th richest in Germany.

Categorized as. Daniel Och — Family, Family Tree.By subscribing I accept the terms of use. In the spring ofHarald Quandt, a year-old officer in the German Luftwaffe, was being held as a prisoner of war by Allied forces in the Libyan port city of Benghazi when he received a farewell letter from his mother, Magda Goebbels — the wife of Nazi propaganda minister Joseph Goebbels.

Loyal to yourself, loyal to the people and loyal to your country! Quandt was released from captivity in Lower profile. While the half-brothers passed away decades ago, their legacy has endured. The four sisters inherited about 1.

They manage their wealth through the Harald Quandt Holding GmbH, a Bad Homburg, Germany-based family investment company and trust named after their father. Fritz Becker, the CEO of the family entities, said the siblings realized average annual returns above 7 percent from its founding in through Since then, the returns have averaged 7.

Wartime profits. They have never appeared individually as billionaires on an international wealth ranking. Becker declined to provide the exact figure the holding manages for the four sisters. The siblings declined to comment for this account, said Ralf-Dieter Brunowsky, a spokesman for the family investment company, in an e-mail.

It began inwhen Emil Quandt acquired a textile company owned by his late father-in-law. At the turn of the century, Emil passed the business to his eldest son, Guenther. The younger Quandt saw an opportunity with the onset of war in His factories, already one of the biggest clothing manufacturers for the German state, quadrupled their weekly uniform production for the army, according to Die Quandts.

Weapons production. Six years later, he took over Berlin-Karlsruher Industriewerken AG, a Berlin-based manufacturer that made sewing machines and silverware. Nazi connections. Hellmut died infrom complications related to appendicitis. Quandt and Magda divorced in Guenther Quandt joined the party that same year. His factories became key suppliers to the German war effort, even though his relationship with Goebbels had become increasingly strained.

Forced labor. Inhe earned the title of Wehrwirtschaftsfuehrer, the name given to members of an elite group of businessmen who were deemed beneficial to the production of war materials for the Third Reich. The report was commissioned by the family in after German television aired the documentary The Silence of the Quandts, a critical look at their wartime activities. Released in Septemberthe study also found that Quandt appropriated assets from Jewish company owners and that his son Herbert had planned building an AFA factory in which slave laborers would be deployed.

Army volunteer. No repercussions followed. Guenther died in while vacationing in Cairo, leaving his business empire equally in the hands of his two surviving sons, Harald and Herbert. Sovereign wealth.

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Over the next decade, the brothers increased their stake in Daimler; Herbert saved BMW from collapse in the s after becoming its largest shareholder and backing the development of new models. Harald died inat age 45, in an airplane crash outside Turin, Italy. The relationship between his widow, Inge, and Herbert deteriorated after his death.

Negotiations to settle the estate by separating assets commenced in Inge Quandt, who suffered from depression, died of a heart attack on Christmas Eve Her new husband, Dr.Stefan Quandt studied engineering at the University of Karlsruhe from to and once he finished his studies he started working for the Boston Consulting Group in Munich for a year.

After this he worked as a marketing manager in Hong Kong for the Datacard Group which he owned until and then he joined the supervisory board of BMW with his sister Susanne Klatten who also had stakes in the company. His private life is kept quite low profile, trying to maintain his anonymity when he can and his only appearances in public were at football matches. The Quandt family is one of the wealthiest in the world and in October it was featured in a program on the ARD television, describing its role during the Second World War.

She keeps as low a profile as the rest of the family and some journalists speculate that her privacy might be attributed to a kidnapping attempt that happened when she was 16 years old. The short film received the Hans Joachim Friedrich prize for television journalism.

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According to the film no family members were indicted for crimes taking place in the company-owned concentration camps and no compensation was paid to the surviving victims. The study commissioned by the family concluded in an in-depth history of the Quandts in the period created by Joachim Scholtyseck who concluded that several injustices were owned to them and that Guenther, the grandfather of Stefan acquired companies through the Aryanisation program of the Nazis. Hundreds of persons died while in the labor camps owned by the family and they used Russian POWs as slave laborers as well as Ukrainian slaves.

We recognize that in our history as a German business family, the years to have not been sufficiently cleared up. The only thing left to do for the family was to try and focus on the future, so in the 50 th anniversary of the BMW under the Quandt leadership was celebrated.

In Stefan bought controlling stakes in Solarwatt, which produces solar modules and was at the time bankrupt. He then put the company into partnership with BMW and oriented it toward providing solar power for rooftop systems and carports. The donation was debated since it came after the demands of the EU environment ministers about car emissions, a demand that Berlin argued would cost jobs and harm the auto makers of Germany. The Forbes. Sales increased each year and this is owed in part to Stefan who served as Deputy Chairman of the Supervisory Board since Save my name, email, and website in this browser for the next time I comment.

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All rights reserved. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More. Necessary Always Enabled.Stefan Quandt born 9 May is a German billionaire heir, engineer and industrialist. He earned a degree from the University of Karlsruhe where he studied economics and engineering, [1] from to From —, he worked for the Boston Consulting Group in Munich. On his father's death in he inherited Quandt also inherited from his father substantial holdings in other companies, many of which he runs through his holding company, Delton AG.

These include:. With a second holding company, Aqton SEStefan Quandt manages his investments in renewable energies [3] :. With his mother, he owned He currently [ when? 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.

stefan quandt

In autumnhe 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.

The family's Nazi past was not well known, but the documentary film revealed this to a wide audience and confronted the Quandts about the use of slave labourers in the family's factories during World War II.

As a result, five days after the showing, [7] four family members announced, on behalf of the entire Quandt family, their intention to fund a research project in which a historian will examine the family's activities during Adolf Hitler 's dictatorship. From Wikipedia, the free encyclopedia.

Stefan Quandt. Retrieved 29 December A documentary film by Eric Friedler and Barbara Siebert". World Socialist Web Site. Retrieved 15 November The Independent.

Hidden categories: Articles with hCards All articles with vague or ambiguous time Vague or ambiguous time from March Articles containing potentially dated statements from All articles containing potentially dated statements Use dmy dates from February Wikipedia articles with GND identifiers Wikipedia articles with VIAF identifiers.

Namespaces Article Talk. Views Read Edit View history. In other projects Wikimedia Commons. By using this site, you agree to the Terms of Use and Privacy Policy. Karlsruhe Institute of Technology.By Ollie Gillman for MailOnline. Descendants of Nazi propaganda minister Joseph Goebbels' wife have become the richest family in Germany. Magda Goebbels, who was one of the most influential women in the Nazi regime, married Hitler's close ally in Scroll down for video.

stefan quandt

Family photo: Nazi propaganda minister Joseph Goebbels with his wife Magda and their children, as well as Magda's son from a previous marriage, Harald Quandt in uniformwhose family has become the richest in Germany. The Quandts, who hold a The newlyweds had a son soon afterwards, naming him Harald. Hitler was his best man. Harald lived with his mother and the Nazi minister until he joined the German army in He was in a British Prisoner of War camp in Libya when his mother's farewell letter from Hitler's Berlin bunker arrived.

Joseph Goebbels was one of the most important and influential people in Nazi Germany. Hitler put him in charge of the party's propaganda machine in and he played a key role in implementing the dictator's agenda. His limp and sharp tongue earned him the nickname among some as the 'Poison Dwarf'.

He organised attacks against Jews, banned them from the world of the arts and media, censored the news and supported Nazi propaganda films. As WWII turned in favour of the Allies, he increased his propaganda in order to convince the German people of the idea of 'total war' and mobilisation.

Stefan Quandt – Family , Family Tree

Goebbels killed himself and his wife, and their six biological children with cyanide capsules the day after Hitler committed suicide in Many of Quandt family stay out of the public eye, but from left to right Johanna Quandt, Stefan Quandt and Susanne Klatten, major shareholders in BMW, are often seen at social gatherings.

She wrote to Harald: 'It's likely that you'll be the only one to remain who can continue the tradition of our family. Shortly after writing the letter, Magda and Goebbels murdered their six children and killed themselves as Soviet forces closed in on the bunker. Harald and his half-brother Herbert later inherited the Quandt fortune, built up by producing rifles and missiles for the Nazis, the Times reported. Herbert saved BMW from collapsing in the s after backing new car models, and the huge success of the company since has seen the Quandts gradually climb the German rich list.

Harald died in a plane crash in Italy in and Herbert died in Herbert's widow, Johanna Quandt, 86, and their children, Stefan Quandt and Susanne Klatten, are often seen mingling with fellow shareholders of the car makers.

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