Photo: Sina Schuldt/picture alliance via Getty Images
German billionaire heiress, Susanne Klatten is the daughter of Herbert and Johanna Quandt, the former being a German industrialist who is known for saving luxury vehicles company, BMW from the point of bankruptcy. Thanks to BMW s recovery from a slump earlier in the pandemic, US$10.9 billion was added to Klatten s fortune. The company also reported nearly US$119 billion in revenues in 2020 while its stock price increased more than 93 per cent since Mid-March 2020.
The BMW heiress inherited a 12.50 per cent stake following her father s death which now totals to 19.2 per cent after her mother s passing in 2015. Besides her wealth from the German carmaker, she also inherited her late father s 50.1 per cent stake in pharmaceutical and chemicals manufacturer, Atlanta.
Sheldon Adelson, casino mogul and influential GOP donor, dies at 87
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Billionaire Sheldon Adelson dies at 87
Sheldon Adelson, a billionaire mogul and GOP donor who built a casino empire spanning from Las Vegas to China has died after a long illness.
LAS VEGAS - Sheldon Adelson, founder, chairman and CEO of Las Vegas Sands, has died at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma , the casino company announced Tuesday.
At one point the third richest man in the world, Adelson brought singing gondoliers to the Las Vegas Strip and went all-in betting Asia would be a bigger jackpot than Sin City.