Bayerische Motoren Werke AG, or BMW is the world’s 14th largest producer of cars with 2,279,503 vehicles produced, according to data from OICA survey. The company has its headquarters in Munich, Germany and produces motor vehicles in 8 additional countries that are United States, United Kingdom, China, India, Netherlands, Mexico, South Africa, and Brazil.
The company was established as an Aircraft engines manufacturer in the year 1916.
The first car sold by the BMW company was BMW DIXI or BMW 3/15.
BMW entered into a serious financial crisis in the year 1959 that was beacuse of the slow sales of luxury cars and low profits.
It almost went bankrupt but a very huge investment from Herbert Quandt Harald Quandt saved the company.
There is no known report on how Herbert and Harald shared their stake in BMW. According to what is available, only Herbert continued with the ownership of BMW from the Quandt family.
Herbert Quandt married his personal assistant, Johanna Maria, Popular known as Johanna Quandt in the year 1960. They have 2 children, Stefan Quandt and Susanne Klatten. After the death of Herbert in 1982, Johanna inherited 16.7 percent of Herbert’s holdings in BMW and became the largest shareholder.
Before her death in 2015, Johanna was the 8th richest person in Germany, richest woman in Germany, 77th richest person in the world and the 11th richest woman in the world according Forbes.
Stefan Quandt who is the 81 richest person in the world, also inherited 17.4 percent stake in BMW after his father’s death. But he increases his take to 23.6 percent by buying additional shares.
Susanne Klatten, the 65th richest person in the world also inherited 12.6 percent in BMW after the death of her father. But after the death of her mother, her stake increased to 19.1 percent.
Quandt family still have a huge stake in the BMW car company. With Susanne and Stefan owning 50 percent of the shares and public owned the remaining 50 percent.
Of the 50 percent public stake in the BMW, majority of the investors are from Europe with total of 53.3 percent, followed by the U.S and Canada investors with total of 40 percent, 4.8 percent of the investors are from Asia, and the remaining 1.9 percent is from the rest of the world.
We can now understand that, the BMW car company is owned by the Quandt Family and the public each with 50 percent stake.