Stefan Quandt

Stefan Quandt

Stefan Quandt is a German engineer and industrialist. He is ranked as the 66th richest person in the world in the Forbes list of billionaires, who put his personal wealth at $14.2 billion. He was born in Bad Homburg to Herbert Quandt and Johanna Quandt. He attended the University of Karlsruhe where he studied engineering from 1987 to 1993. From 1993-1994, he worked for the Boston Consulting Group in Munich. From 1994 to 1996 he worked for Datacard Group of Minneapolis as a marketing manager in Hong Kong. On his father's death in 1982 he inherited 17.4% of BMW, the company his father had saved from bankruptcy in 1959. Quandt also inherited from his father substantial holdings in other companies, many of which he runs through his holding company, Delton AG. These include: 76.8% of CEAG, 50.3% of Logwin AG 100% of Heel GmbH, which makes homeopathic medicines 100% of CeDo Household Products, which makes freezer bags, plastic and aluminium wraps and foils, bin liners, and coffee filters. With his mother, he owned 18.3% of Gemplus International, a large digital security company, before its merger to form Gemalto in 2006.

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