On August 6th the New York Times reported an obituary for Johanna Quandt, who, along with her two children, control nearly half of the stock of BMW AG.
Johanna Bruhn was born in 1926 and trained as a medical assistant, but began working at BMW in the 1950s in the office of Herbert Quandt. Quandt had saved BMW from a fire sale to Daimler Benz in 1959 on the basis of drawings for a proposed Neue Klasse line of automobiles, beginning with the 1600 model, at a time when BMW's car sales were unprofitable and the German motorcycle market shrank dramatically.
In 1960, they were married. Herbert Quandt died in 1982 and Johanna Quandt took over his seat on BMW's supervisory board until 1997.
Forbes listed her as the world's 77th richest person with an estimated worth of $11.8 billion, and the 2nd richest woman in Germany, only behind her daughter.
She is survived by her daughter, Susanne Klatten, and her son, Stefan Quandt, who are both members of the BMW supervisory board.