Bloomberg Billionaires Index

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# 50 Susanne Klatten $20.3B

Random fact: Family office and foundation based in Bad Homburg, Germany.

Overview

Klatten owns 21% of Bayerische Motoren Werke, the German manufacturer of luxury vehicles. The Munich-based company's brands include BMW, Mini and Rolls-Royce. She also has stakes in chemical company Altana, carbon producer SGL Carbon, credit card maker Entrust Datacard and turbine developer Nordex.

As of :
Last change -$122M ( -0.6%)
YTD change +$530M ( +2.7%)
Industry Industrial
Biggest asset BMW GY Equity
Citizenship Germany
Age 57
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Susanne Klatten's net worth of $20.3B 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 Klatten's wealth is derived from a 21% stake in the common shares of Bayerische Motoren Werke, the Munich-based automaker. She owns a 0.2% stake directly and 20.7% through Susanne Klatten Beteiligungs, according to the company's 2018 annual report.

Through closely held investment entity Skion, she owns about 28% of carbon producer SGL Carbon and 6% of wind turbine developer Nordex.

The billionaire also inherited half of chemical company Altana. Through Skion, she acquired all of Altana's remaining shares between 2008 and 2010 and took the company private. Her ownership of Skion is confirmed in Orbis, a private company database. The value of Altana is based on its 2018 financials, published on its website, and the average enterprise value-to-sales and price-to-earnings multiples of three publicly traded peers.

She owns 40% of closely held credit card and passport manufacturer Entrust Datacard. The company has 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 comparable publicly traded company: Cimpress.

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

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

Biography

Birthdate: 4/28/1962
Family: Married, 3 children
Education: IMD International Institute for Business Development, University of Buckingham/The

Susanne is the oldest child of Herbert Quandt and his third wife, Johanna. After graduating from high school in 1981, Klatten worked at advertising agency Young & Rubicam for two years. When her father died in 1982, she inherited stakes in BMW and Altana, a chemical company specializing in plastics and coatings.

Klatten enrolled at the University of Buckingham in England, earning a bachelor's degree in business administration. She then got an MBA at IMD Business School in Lausanne, Switzerland. She interned at several banks and management consultancies before starting a traineeship at BMW under the name Susanne Kant. During her time at BMW, she met engineer Jan Klatten; who she married in 1990. The couple have three children and live in Munich.

In 2007, Klatten started an affair with Helg Sgarbi, a Swiss businessman, who swindled her out of about $10 million and threatened to release tapes of the couple having sex if she didn't pay him $72 million. Sgarbi was sentenced to six years in prison for blackmail in 2009.

Klatten, through her closely held investment vehicle Skion, acquired all of Altana's remaining shares between 2008 and 2010 and took the company private. The billionaire joined BMW's supervisory board with her brother, Stefan Quandt, in 1996. She also serves on the boards of Altana, Munich's Technical University, and a charitable foundation named after her father.

Milestones
  • 1962 Born to Herbert and Johanna Quandt.
  • 1966 Brother Stefan is born.
  • 1982 Father Herbert Quandt dies; inherits stakes in BMW and Altana.
  • 1989 Works as a management assistant at Hubert Burda Media.
  • 1990 Marries Jan Klatten, a BMW engineer.
  • 1993 Joins the board of directors at Altana.
  • 2014 BMW sells more than two million cars in a year for the first time.
  • 2014 Buys Winx office tower in Frankfurt for about 350 million euros.