German engineer and industrialist Stefan Quandt has an estimated net worth of 18.8 billion as of October 2018, according to Forbes. Approximately 90 percent of his fortune derives from BMW. He serves BMW as a deputy chairman of the supervisory board.
Stefan was born on 9 May 1966 in Bad Homburg to Johanna Quandt and Herbert Quandt. He studied economics and engineering at the University of Karlsruhe between 1987 and 1993. He worked at BCG in Munich from 1993 to 1994. He was with the Datacard Group of Minneapolis as a marketing manager in Hong Kong between 1994 and 1996.
Stefan Quandt inherited 17.4 percent of BMW when his father died in 1982. Stefan’s father had saved BMW from bankruptcy in 1959. He inherited substantial holdings in other companies from his father. He runs many of them through his holding company Delton AG. Along with his mother and sister, Stefan Quandt owns around 47 percent of BMW. Some observers believe that he is being groomed to head the board.
Quandt married software engineer Katharina in autumn 2005. Their daughter was born on New Year’s Eve that same year. He generally keeps low profile, but has been sighted watching football matches. The Quandt family donated $945,000 to the Christian Democratic Union, German chancellor Angela Merkel’s political party.