‘People should be more aware’: the business dynasties who benefited from Nazis | Books
1 min readColonial and Accomplice statues toppled. Looted objects returned by contrite museums. Tainted relatives names this kind of as Sackler expunged from structures. A worldwide reckoning with the past crimes of terrific powers is below way. But is there a obvious omission?
A new e-book, Nazi Billionaires, investigates how Germany’s richest enterprise dynasties designed fortunes by aiding and abetting Adolf Hitler’s Third Reich. It also examines how, eight many years afterwards, they however escape near scrutiny and a country that has accomplished so considerably to confront its catastrophic earlier however suffers a quite individual blind location.
“What struck me was this is a nation which is so cognisant of its heritage in numerous means but seemingly the most economically powerful actors do not engage with that,” suggests creator David de Jong, a 35-calendar year-outdated Dutchman. “That was the motive why I wrote the e book. It’s an argument in favour of historical transparency.”
The former reporter for Bloomberg News examines German businesses that have beer brewers and wine producers as perfectly as well-known US brands this kind of as Krispy Kreme and Pret A Manger. But he casts an specially severe light-weight on car makers led by residence names this sort of as BMW and Porsche, which run the postwar economic wonder and contribute about a 10th of the nation’s gross domestic solution.
De Jong tells how the increase of the Nazis was to begin with met with scepticism and contempt by several business enterprise leaders but some learned it could be really financially rewarding.
Ferdinand Porsche confident Hitler to put the Volkswagen Beetle into output. The enterprise thrived underneath his son, Ferry Porsche, who volunteered for the SS, became an officer and lied about it for the rest of his times. Ferry Porsche made the very first Porsche sports activities vehicle and surrounded himself with former SS customers in the 50s and 60s.
The metal, coal and arms magnate Friedrich Flick was convicted at Nuremberg of using compelled and slave labour, bankrolling the SS and looting a metal factory. But he was launched in 1960 and at some point turned managing shareholder of Daimler-Benz, then Germany’s largest car or truck producer. Deutsche Lender bought the Flick conglomerate in 1985, turning his descendants into billionaires.
Potentially no just one far better encapsulates de Jong’s argument than Günther Quandt and his son Herbert Quandt, customers of the Nazi get together and patriarchs of the relatives that now dominates the BMW Group.

Herbert Quandt experienced obligation over battery factories in Berlin where by thousands of forced and enslaved labourers toiled, which include hundreds of gals from focus camps. He acquired firms stolen from Jews in France and employed prisoners of war and compelled labourers on his possess personal estate. He even built a concentration subcamp in Nazi-occupied Poland.
When Günther Quandt was 37 and widowed, he fulfilled and married a 17-year-old referred to as Magda Friedländer and had one particular child with her. Right after their divorce, Magda married the Nazi propaganda minister, Joseph Goebbels, with whom she murdered their six little ones right before both equally killed on their own in 1945.
After the war, Günther Quandt was arrested for suspected collaboration with the Nazis, only to be acquitted following falsely proclaiming that he experienced been compelled to join the get together by Goebbels.
“Günther Quandt becomes 1 of Nazi Germany’s most most successful industrialists,” de Jong, who has been reporting on the people for a 10 years, reported in a telephone job interview from Palm Springs, California. “He was by now immensely wealthy in advance of Hitler seized electrical power. He makes use of it at the close of the war as a way of saying, ‘I was a sufferer of persecution. I was persecuted by Joseph Goebbels and by my ex-wife.’”
Herbert Quandt inherited vast prosperity from his father and saved BMW from individual bankruptcy, getting the company’s greatest shareholder. Two of his children, Stefan Quandt and Susanne Klatten, are now Germany’s wealthiest spouse and children, with close to vast majority regulate of the BMW Team, massive holdings in the chemical and technology industries and a net truly worth of about $38bn.
They and other dynasties are celebrated for turning Germany into an financial powerhouse, with properties, foundations and prizes bearing their names. The skeletons in their cabinets are not a secret – but nor are they properly recognised or accounted for. Acknowledgment remains an afterthought regardless of Germany’s substantially-vaunted remembrance tradition.
Some have taken infant techniques to transparency. The Quandts commissioned a research in 2011 to glimpse into their shameful past. Changes have been made to company web sites but only, de Jong charges, grudgingly and incrementally, with significant specifics omitted. Stefan Quandt however presents out an yearly media prize named just after his father and functions from headquarters named after his grandfather.
De Jong, who uncovered spouse and children associates unwilling to be interviewed other than a person London-based heir, says: “You have BMW and Porsche, specially the family members that management them, carry out this whitewashing or leaving out of background the place they rejoice the business successes of their founders or saviours but leave out the truth that these men committed war crimes.
“I under no circumstances received an answer regardless of whether it’s since they are afraid it would hurt the bottom line or share costs of the organizations to be totally transparent about the record, or regardless of whether it’s just due to the fact they derive their entire identity from the successes that their fathers and grandfathers had and, by becoming clear about them, it’s form of disavowing their own id. It’s in all probability a mixture of both.”

The families tend to lean on Germany’s notion of collective guilt, de Jong carries on. “But it is incredibly perverse, where by you now have the BMW Foundation Herbert Quandt, which has a design to inspire responsible management in the title of a guy who, yes, saved BMW from personal bankruptcy in 1959, but also built and built and dismantled a focus subcamp in Nazi-occupied Poland. At a bare least what we can assume from these organizations and families is historical transparency.”
In his book, de Jong notes that an worldwide push for this kind of transparency, and its attendant reckonings, have introduced down statues of Confederate generals, slave traders and Christopher Columbus and heralded the rechristening of schools named right after racist presidents.
“Yet this movement towards dealing with the earlier is someway bypassing several of Germany’s famous businessmen,” he writes. “Their darkish legacy stays concealed in basic sight. This e-book, in some small way, attempts to ideal that wrong.”
The writer, now based in Tel Aviv, Israel, adds: “I hope men and women will become extra aware on a customer degree that the cash they devote on these products and solutions could end up as dividends for these people and may go in the direction of the keeping of foundations, corporate headquarters and media homes in the name of Nazi war criminals.
“I imagine individuals need to be more mindful of these histories and of heritage in common, significantly when it arrives to usage and the continuing whitewashing of background by these purchaser manufacturers and family members that handle them.”