Using the story of the iconic Quandt family as a focal point, Nazi Billionaires tells how these industrialists profited from their relationships with the Nazi regime during WWII, and how the U.S. did not hold them accountable for their collaboration and complicity as war criminals.
DAVID DE JONG, a reporter at Bloomberg News, has been covering the “billionaire beat,” with a special focus on western Europe, since 2011. A year into his reporting, he wrote a story about Germany’s wealthiest family, the Quandts, that became one of Bloomberg’s most read stories ever. Not unlike the path of the Koch brothers in the U.S. – in which Charles and David Koch transformed their father Fred’s business into a multi-billion-dollar empire – the Quandts rose to global prominence after Gunther Quandt’s two sons took over the family business in 1954. Today the family owns 47% of BMW and has an estimated worth of $60 billion. Although Gunther tried to keep this history a secret, the truth is that his business was built on the bodies of Allied soldiers, civilians, and at least 50,000 concentration camp laborers. The family has since gone public with this information, and they have opened their archives to the author for his research.
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