Who’s Who in the Billionaire Porsche Family?
A multibillion-dollar IPO has returned the founding family to the driver’s seat of the German luxury automaker. Who will lead the clan after the current patriarch?
Wolfgang Porsche (right) celebrates the 75th birthday of his father Ferry (center) at the Porsche villa in Stuttgart in 1984, with brothers Hans-Peter (left), Gerhard (second from left), and Ferdinand Alexander.
Source: Porsche
Forget BMW’s Quandts, the prestigious Agnellis of Fiat, and America’s Ford clan. The billionaire descendants of the man who started Porsche are one step closer to becoming the most powerful family in cars.
Porsche AG went public on Sept. 29, reaping $9.1 billion in proceeds for parent group Volkswagen AG with a total valuation of $73 billion. A complex deal that beat fierce market headwinds, it was Europe’s largest initial initial public offering in more than a decade.