Oliver Blume Wiki, Bio, Salary, Holdings, Net Worth & More

Oliver Blume shines as one of the most influential leaders in the automotive industry, as he holds the dual role of CEO of Volkswagen Group and Porsche AG. He was appointed to these positions in September 2022, succeeding Herbert Diess, who stepped down as the CEO of Volkswagen.

Blume is known for his visionary and innovative leadership, as he is the main man behind the transformation of Porsche and Volkswagen towards electrification, digitalization, and sustainability. He has also overseen the launch of several iconic models, such as the Taycan, the first electric sports car from Porsche, and the ID.3, the first mass-market electric car from Volkswagen.

Want to know more about this visionary individual? This article will shed light on Oliver Blume’s awe-inspiring career journey to the top position of the world’s renowned automobile company.

Quick Facts About Oliver Blume

Full Name	Oliver Blume
Current Position	CEO of Volkswagen Group and Porsche AG
Birth Date	6 June 1968
Birth Place	Germany
Education	Braunschweig University of Technology
Wife	Petra Blume
Children	Two kids
Estimated Net Worth	$15.6 million

Oliver Blume’s Early Life and Education (Oliver Blumes frühes Leben und seine Ausbildung)

Oliver Blume was born in 1968 in Braunschweig, Germany. He holds a Ph.D. in mechanical engineering from the Braunschweig University of Technology and the Tongji University in Shanghai. In 1994, he earned a graduation degree from Audi in an international trainee program.

Oliver Blume’s Career Journey and Current Positions (Oliver Blumes Karriereweg und aktuelle Positionen)

Oliver Blume started his career at Audi as a planner for a body shop and paint when he was 28 years old. After three years, he became in charge of the body of the Audi A3 model, and two years later, he was promoted to Executive Assistant production at Audi. He spent a decade in production planning, first at SEAT for five years, then at Volkswagen for another five years.

He joined the Porsche Executive Board in 2013, where he oversaw production and logistics. He became the CEO of Porsche, a subsidiary of Volkswagen, on 1 October 2015. The supervisory board of Porsche selected him for this role on 30 September 2015. He succeeded Matthias Müller, who moved on to be the CEO of VW Group.

Current Positions of Oliver Blume

Companies	Position	Start
PORSCHE AG	Chief Executive Officer (CEO)	01/10/2015
VOLKSWAGEN AG	Chief Executive Officer (CEO)	01/09/2022
Bentley Motors Ltd.	Director/Board Member	17/08/2016
CARIAD SE	Chairman	–
SEAT SA	Director/Board Member	–

Oliver Blume Wife and Children (Oliver Blume Frau und Kinder)

Oliver Blume is married to Petra Blume and has two daughters. The couple spends most of their time at Oliver Blume’s house in Stuttgart. It is a luxury property worth millions of dollars.

Oliver Blume’s Salary in 2024 (Oliver Blumes Gehalt)

As a CEO and a member of the management board of Volkswagen AG, Oliver Blume’s total salary at Volkswagen AG is $4,894,440.

Oliver Blume’s Net Worth in 2024 (Oliver Blumes Vermögen)

According to Forbes, Blume has a net worth of $15.6 billion as of March 2024, making him one of the richest people in the world. He also earns an annual salary of $24 million as the CEO of Volkswagen and Porsche.

With such a huge net worth, Blume lives a luxurious life. He owns Porsche Taycan, the first all-electric sports car from Porsche. He also owns a Porsche 911 Turbo S and a Porsche 356 Speedster.

10 Surprising Facts About Oliver Blume

Oliver Blume is the CEO of both Volkswagen Group and Porsche, making him one of the most powerful executives in the automotive industry.
He started his career as a planner for a body shop and paint at Audi in 1994 and now he is the CEO of the world’s largest automobile manufacturer.
He earned his PhD in vehicle engineering from Tongji University in Shanghai, China, in 2001.
He has worked for four different brands under the Volkswagen Group: Audi, SEAT, Volkswagen, and Porsche.
Blume headed the launch of the Golf 7, the Tiguan, and the Passat B8.
He was instrumental in expanding Porsche’s production capacity and introducing new models such as the Macan, the 918 Spyder, and the Taycan.
He was appointed as the CEO of Porsche in 2015, succeeding Matthias Müller.
Blume is also a member of the Senate of the Fraunhofer Society, a German research organization that focuses on applied science and innovation.
He is married and has two children. He lives in Stuttgart, Germany, where Porsche is headquartered.
He is an avid sportsman and enjoys skiing, mountain biking, and running. He also likes to play the piano and the guitar.

Popular Quotes by Oliver Blume

“You start with a good idea. But the idea only becomes an innovation when it is put into practice.”

“The technical aspects have all been submitted, we will wait whether there will still be proposals for corrections by the Americans, everything we can do for this particular engine has been done for now and we are now awaiting feedback.”

“Everything we can do for this particular engine has been done for now and we are now awaiting feedback.”

“It’s obvious that Porsche in future wants to remain the world’s most efficient carmaker, that (goal) is tied to the return on sales which we set ourselves as the target in the past.”

“The concept (of the Panamera) required a lot of courage and many said we were crazy, but courage changes everything.”

“Today there are still many markets where diesel is indispensable to fulfill CO2 limits, in the U.S. there are still many friends of diesel who appreciate the long-distance range.”

FAQs

When did Oliver Blume become CEO?

Oliver Blume became the CEO of Volkswagen Group on September 1, 2022, while retaining his role as the CEO of Porsche.

What did Oliver Blume Study?

Oliver Blume studied mechanical engineering at the Braunschweig University of Technology and received his Ph.D. in vehicle engineering from Tongji University in Shanghai.