Johanna Quandt, the billionaire widow of BMW savior, dies at 89

News | August 7th, 2015 by 9
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Johanna Quandt, the billionaire widow of BMW savior Herbert Quandt, has died at the age of 89. Johanna Quandt, Germany’s second-richest woman behind her daughter, …

Johanna Quandt, the billionaire widow of BMW savior Herbert Quandt, has died at the age of 89. Johanna Quandt, Germany’s second-richest woman behind her daughter, Susanne Klatten, began her relationship with BMW in 1950s when she went to work first as a secretary and then as personal assistant to Herbert Quandt. They married in 1960 and had two children, Stefan Quandt and Susanne Klatten.

After Herbert’s death in 1982, Johanna Quandt inherited a 16.7 percent stake in Munich-based BMW, the largest single holding in the company. Johanna Quandt’s net worth of $11.5 billion ranked 98th in the Bloomberg Billionaires Index and eighth within Germany. Together, the family owns 46.6 percent of BMW. Her shareholding in the world’s biggest luxury carmaker will remain in the family, foundation spokesman Joerg Appelhans said.

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“For over 50 years Johanna Quandt has acted for BMW with enthusiasm and passion,” BMW Chief Executive Officer Harald Krueger said in a statement. “She gave the company support and stability.”

In 1995, she set up a foundation that supports business journalism, and also funds cancer research and the arts. Johanna Quandt, who rarely spoke to the media while supporting journalists through her foundation, remained on the company’s supervisory board until she stepped down in 1997.

She is survived by her two children.

[Source: Forbes]

9 responses to “Johanna Quandt, the billionaire widow of BMW savior, dies at 89”

  1. Matt Stokes says:

    Sad news that I’m sure will be held throughout the company, and by many many people that benefitted from Johanna’s generosity and vision.

    BMW’s share structure is always worthy of consideration at times like this also. Family owned shares are all very well and good until something changes.

  2. Michael says:

    I see you’ve received my tip.

  3. Tom says:

    Very thankful to the Quandt family for keeping BMWs one the most respectable vehicle manufacturers. RIP, Johanna.

  4. bmwlightfoot says:

    Herbert Quandt was not a founder of BMW. He and his brother, Harald, inherited a stake in the company from their father in 1954. However, even the father was not a BMW founder, he was a shareholder. Herbert greatly increased his stake in the company in 1959 to save BMW’s independence.

  5. Billy The Hillbilly says:

    F hell. Why only my grandfather didn’t get hold of the BMW back then ^^

  6. davut Keles says:

    http://www.johannaquandt.com
    this site is should be made in her memory

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