Early Life
Stefan Quandt was born on May 9, 1966, in Bad Homburg, Germany. He is the son of Herbert Quandt, a prominent industrialist, and Johanna Quandt. He studied economics and engineering at the University of Karlsruhe from 1987 to 1993, earning a degree in business engineering.
Rise to Success
After completing his studies, Quandt worked at the Boston Consulting Group in Munich from 1993 to 1994. He then worked as a marketing manager for the Datacard Group in Hong Kong from 1994 to 1996. In 1982, following the death of his father, he inherited a significant stake in BMW, the company that his father had saved from bankruptcy. Through further purchases, he increased his ownership. In 2018, he became BMW's largest single shareholder. He currently serves as Deputy Chairman of BMW's supervisory board.
Key Business Strategies
Quandt's success is tied to his strategic management of the family's BMW holdings and other investments. He owns 23.6% of BMW and has holdings in various companies through his holding company, Delton AG, which manages investments in pharmaceuticals, logistics, and homeopathic medicine.
Philanthropy
Quandt is involved in several non-profit organizations. Through Aqtivator, he supports projects focusing on education, integration, and equal opportunity for children, youth, and families.
