VW’s Porsche and Piëch Family to Get 392 Million Euros Dividend From Porsche SE

The billionaire Porsche and Piëch family that control Europe’s top carmaker Volkswagen will receive 391 million euros ($425 million) in dividends for 2022 from their holding company Porsche SE.

Forget the prestigious Agnellis of Fiat, America’s Ford clan, and BMW’s Quandts. Volkswagen’s Porsche and Piëch family behind the unlisted holding company Porsche SE are the most powerful voice in Volkswagen and the newly-listed Porsche AG.

Hans Dieter Pötsch, Chairman of the board of management at Porsche SE said the company had “a solid financing and repayment plan in place,” backed by profits from the group, as well as dividend inflows from Volkswagen and Porsche.

Volkswagen Group CEO Oliver Blume said that dividend payments would increase once the company’s debt had been reduced. Volkswagen Group CEO Oliver Blume ranked No. 13 in the CEOWORLD magazine’s ranking of the world’s most influential CEOs and business executives for 2023.

Luxury carmaker Porsche AG, previously part of Volkswagen AG, became an independent company via a stock market listing in September last year.

Under the listing’s terms, Porsche AG’s shares were split into preferred shares – 25% of which were listed on the stock market – and ordinary shares, which carry voting rights.

Through the Porsche SE holding company, the Porsche and Piech families own a majority of voting rights in Volkswagen and a portion of voting rights in the newly-listed Porsche AG (with the remainder held by Volkswagen).

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