Bloomberg Billionaires Index

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#37 Susanne Klatten $23.0B

Random fact: Police prevented kidnapping of her and mother Johanna in 1978.


Klatten owns 21 percent of Bayerische Motoren Werke, the world’s second-largest maker of luxury vehicles. The Munich-based company's brands include BMW, Mini and Rolls-Royce. She also has stakes in chemical company Altana, carbon producer SGL Carbon, credit card maker Entrust Datacard and turbine developer Nordex.

As of May 27, 2018:
Last change -$112M (-0.5%)
YTD change -$103M (-0.4%)
Industry Industrial
Biggest asset BMW GY Equity
Citizenship Germany
Age 56
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Susanne Klatten's net worth of $23.0B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Klatten's wealth is derived from a 21 percent stake in BMW, the world’s second-largest luxury car maker, based on 2016 sales. She owns a 0.2 percent stake directly and 12.6 percent through Susanne Klatten Beteiligungs GmbH, according to the company's 2016 annual report. Another 16.4 percent stake is held by Johanna Quandt GmbH & Co., according to the 2016 report. Johanna Quandt, Susanne's mother, died in August 2015, and the shares held by her holding company are attributed equally to joint heirs Susanne and her brother, Stefan Quandt, in this analysis.

Through closely held investment entity Skion, she owns about 28 percent of carbon producer SGL Carbon and 6 percent of wind turbine developer Nordex. 

The billionaire also inherited half of chemical company Altana. Through Skion, she acquired all of Altana's remaining shares between 2008 and 2010 and took the company private. Her ownership of Skion is confirmed in Orbis, a company database published by Bureau Van Dijyk. The value of Altana is based on its 2016 financials, published on its website, and the average enterprise value-to-sales and price-to-earnings multiples of three publicly traded peers.

Through the Quandt's Bad Homburg, Germany-based family office, she also owns almost 3 percent of Gemalto, an Amsterdam-based security software designer.

She owns 40 percent of closely held credit card and passport manufacturer Entrust Datacard. The company has revenue of more than $600 million, according to its website in January 2018, and is valued using the enterprise value-to-Ebitda multiple of one comparable publicly traded company: Cimpress.

The value of her cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.

Joerg Appelhans, a spokesman for Klatten, declined to comment on the net worth calculation.


Birthdate: 4/28/1962
Family: Married, 3 children
Education: 1988, MBA, Imd International Institute for Business Development Bachelor's Degree, Business Administration, University of Buckingham/The

Susanne is the oldest child of Herbert Quandt and his third wife, Johanna. After graduating from high school in 1981, Klatten worked at advertising agency Young & Rubicam for two years. When her father died in 1982, she inherited stakes in BMW and Altana, a chemical company specializing in plastics and coatings.

Klatten enrolled at the University of Buckingham in England, earning a bachelor's degree in business administration. She then got an MBA at IMD Business School in Lausanne, Switzerland. She interned at several banks and management consultancies before starting a traineeship at BMW under the name Susanne Kant. During her time at BMW, she met engineer Jan Klatten; who she married in 1990. The couple have three children and live in Munich.

In 2007, Klatten started an affair with Helg Sgarbi, a Swiss businessman, who swindled her out of about $10 million and threatened to release tapes of the couple having sex if she didn't pay him $72 million. Sgarbi was sentenced to six years in prison for blackmail in 2009.

Klatten, through her closely held investment vehicle Skion, acquired all of Altana's remaining shares between 2008 and 2010 and took the company private. The billionaire joined BMW's supervisory board with her brother, Stefan Quandt, in 1996. She also serves on the boards of Altana, Munich's Technical University, and a charitable foundation named after her father.

  • 1962 Born to Herbert and Johanna Quandt.
  • 1966 Brother Stefan is born.
  • 1982 Father Herbert Quandt dies; inherits stakes in BMW and Altana.
  • 1989 Works as a management assistant at Hubert Burda Media.
  • 1990 Marries Jan Klatten, a BMW engineer.
  • 1993 Joins the board of directors at Altana.
  • 2014 BMW sells more than two million cars in a year for the first time.
  • 2014 Buys Winx office tower in Frankfurt for about 350 million euros.