Bloomberg Billionaires Index

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# 68 Stefan Quandt $17.3B

Random fact: Police prevented kidnapping of his sister and mother Johanna in 1978.

Overview

Quandt owns 26% of Bayerische Motoren Werke, the German manufacturer of luxury vehicles. The Munich-based company's brands include BMW, Mini and Rolls-Royce. He also has stakes in homeopathic medicine company Biologische Heilmittel Heel, credit card maker Entrust Datacard and logistics company Logwin.

As of :
Last change -$11.4M ( -0.1%)
YTD change +$855M ( +5.2%)
Industry Industrial
Biggest asset BMW GY Equity
Citizenship Germany
Age 53
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Stefan Quandt's net worth of $17.3B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Stefan Quandt's wealth derives from a 25.8% stake in the common shares of Bayerische Motoren Werke, the Munich-based automaker. He owns a 0.2% stake directly and the rest through AQTON holding companies, according to BMW's 2018 annual report.

He owns about 87% of publicly traded logistics provider Logwin through closely held investment company, Delton.

The billionaire controls Biologische Heilmittel Heel, a closely held homeopathic medicine company, which had more than 200 million euros in revenue in 2017, according to its website. It's valued using the average enterprise value-to-sales, enterprise value-to-Ebitda and price-to-earnings multiples of two publicly traded peers: Boiron and Nature's Sunshine Products.

He also owns 60% of closely held credit card and passport manufacturer Entrust Datacard. The company has annual revenue of more than $600 million, according to its website in June 2019, and is valued using the enterprise value-to-Ebitda multiple of one publicly traded peer, Cimpress.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.

Joerg Appelhans, a spokesman for Quandt, declined to comment on the net worth calculation.

Biography

Birthdate: 5/9/1966
Family: Married, 1 child
Education: University of Karlsruhe

Father Herbert Quandt saved BMW in Germany's troubled postwar era and built the Bavarian car manufacturer into the world’s largest maker of luxury vehicles. Stefan Quandt was born in Frankfurt, Germany, in 1966, the youngest child of Herbert and his third wife, Johanna.

After his father died in 1982, Quandt inherited a stake in BMW, sole ownership of Heel, a homeopathic medicine firm, and interests in Logwin, a publicly traded logistics company, and in closely held credit card and passport manufacturer Datacard Group. He graduated from Karlsruhe University of Technology with a master's degree in business engineering in 1993. After interning at the Boston Consulting Group, Quandt worked at Datacard in Minneapolis and in Hong Kong.

Quandt joined BMW's supervisory board with his sister, Susanne Klatten, in 1996. He serves as a board member of Datacard, the Karlsruhe Institute of Technology and two foundations named after his parents. He lives in Frankfurt with his wife Katharina and their daughter.

Milestones
  • 1966 Born in Bad Homburg, Germany, to Herbert and Johanna Quandt.
  • 1970 BMW establishes the Herbert Quandt Foundation.
  • 1982 Father Herbert Quandt dies; inherits stakes in BMW and Heel.
  • 1993 Graduates from Technology University of Karlsruhe in engineering.
  • 1995 Completes internship at Boston Consulting Group in Munich.
  • 1997 Becomes a member of BMW's supervisory board.
  • 2010 Celebrates 50th anniversary of BMW under Quandt family rule.
  • 2015 His mother, Johanna Quandt, dies aged 89.