Owners of almost half of BMW, siblings Susanne Klatten and Stefan Quandt claim that the life of a billionaire is not as easy as one might think. In an interview with Manager Magazin magazine, the brothers declare that people always imagine them living permanently on a yacht in the Mediterranean. However, taking on the role of guardian of assets has negative sides. They still conclude that they work hard every day and that they have potentials beyond just heirs.
According to the Bloomberg Billionaires Index, Klatten is the second richest person in Germany, with a fortune valued at $8.6 billion. The businesswoman also has stakes in the carbon producer SGL Carbono and in the chemical company Altana.
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Quandt, on the other hand, participates in the logistics company Logwin and in the manufacturer of homeopathic remedies Heel. With that, his net worth reaches 15.5 billion dollars. Both are members of BMW's supervisory board.
The brothers also declare that it is not just the money that drives them, but above that, the responsibility to secure jobs in Germany.
Despite being comfortable with their current positions, they highlighted the difficulty of assuming high-level positions at a young age. Quandt, for example, was 30 when he won a seat on BMW's board. For him, he could just be a “simple manager” or have studied architecture.
For Quandt, his starting point was never “to show everyone what should be done”. But rather a constant questioning related to his insecurity.
The brothers claim that under the logic of inheritance taxes, a redistribution would not work. A fair society allows people to find opportunities according to their abilities.
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