Stefan Quandt

Stefan Quandt (born 9 May 1966) is a German engineer and industrialist. He is ranked as the 72nd richest person in the world in the Forbes list of billionaires, who put his personal wealth at $10.7 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 acquired 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...