Stefan Quandt
Source of wealth: BMW
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Biography
Stefan Quandt owns 23.6% of automaker BMW; his sister, Susanne Klatten, the richest woman in Germany, owns 19.1%.
Their late mother, Johanna, was the third wife of legendary industrialist Herbert Quandt, who guided BMW to preeminence in the luxury market.
Both siblings serve on BMW's supervisory board; Quandt is deputy chairman.
His holdings also include Heel (homeopathic medicine), Entrust (digital identity and data security) and Logwin (logistics).
He graduated from the Technical University of Karlsruhe, where he studied economics and engineering.
Perspective on their fortune
Gold
Everyday luxury
A Stefan Quandt's fortune is equivalent to 193 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Stefan Quandt could buy 51,367,827 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 9 trucks to transport them, But we can be almost certain that Stefan Quandt will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Stefan Quandt's fortune with the healthcare spending of a huge country
Stefan Quandt could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 12.9 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Stefan Quandt could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 5.7 years
Education
Buying the future
Lowest education spending
Stefan Quandt could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 8.4 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Stefan Quandt could pay for it in full for 11.4 years.
Research
The monopoly of progress
Lowest research spending
Stefan Quandt could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 48.1 years.
Highest research spending
But even if we compare the total wealth of Stefan Quandt with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.1 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison