Who Owns Mercedes-Benz?
Updated onExplore the ownership hierarchy of Mercedes-Benz. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Mercedes-Benz
Mercedes-Benz is a German luxury automotive brand owned by Mercedes-Benz AG that produces premium passenger cars, vans and related mobility services worldwide.
Mercedes-Benz Group AG
Mercedes-Benz Group AG is a German multinational automotive company that designs, manufactures, and sells premium passenger cars, vans, and related mobility and financial services worldwide.
Mercedes-Benz
Mercedes-Benz is a German luxury automotive brand owned by Mercedes-Benz AG that produces premium passenger cars, vans and related mobility services worldwide.
Mercedes-Benz Group AG
Mercedes-Benz Group AG is a German multinational automotive company that designs, manufactures, and sells premium passenger cars, vans, and related mobility and financial services worldwide.
Major Shareholders
Mercedes-Benz
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
BAIC Group (Beijing State-owned Capital Operation and Management Co., Ltd.) Chinese state-owned automotive group; Mercedes-Benz Group AG’s investor relations page states that BAIC Group holds about 9.98% of the company’s voting rights as of September 30, 2025. | Government | 10.0% | 10.0% | Sep 2025 |
Tenaciou3 Prospect Investment Limited (Li Shufu) Investment vehicle controlled by Chinese investor Li Shufu (founder and chairman of Geely); Mercedes-Benz Group AG reports that Li Shufu, via Tenaciou3 Prospect Investment Limited, holds about 9.69% of its share capital as of September 30, 2025. | Corporate | 9.7% | 9.7% | Sep 2025 |
BlackRock, Inc. Global asset manager; a German voting-rights announcement filed by Mercedes-Benz Group AG on December 15, 2025 discloses that BlackRock held a total of 6.16% of voting rights (5.86% via shares and 0.30% via financial instruments) after crossing the threshold on December 10, 2025. | Institutional | 6.2% | 6.2% | Dec 2025 |
Kuwait Investment Authority Sovereign wealth fund of the State of Kuwait; cited by Mercedes-Benz Group AG as a long‑standing major shareholder and shown with a stake of about 5.57% of share capital in external shareholding tables based on year‑end 2024 disclosures. | Government | 5.6% | 5.6% | Dec 2024 |
The Vanguard Group, Inc. U.S.-based index fund manager; Financial Times and FactSet institutional holder data list The Vanguard Group with roughly 28.8 million Mercedes-Benz Group AG shares, corresponding to about 3% ownership as of December 3, 2025. | Institutional | 3.0% | 3.0% | Dec 2025 |
Mercedes-Benz Group AG
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
BAIC Group (via Beijing State-Owned Assets Supervision & Administration Commission) Chinese state‑owned automotive group; disclosed as holding 9.98% of Mercedes‑Benz Group AG’s voting rights and identified by the company as its largest individual shareholder. | Government | 10.0% | 10.0% | Sep 2025 |
Li Shufu (via Tenaciou3 Prospect Investment Limited) Chinese investor and founder of Zhejiang Geely Holding; holds about 9.69% of Mercedes‑Benz Group AG through his investment vehicle Tenaciou3 Prospect Investment Limited, making him one of the largest strategic shareholders. | Individual | 9.7% | 9.7% | Sep 2025 |
Kuwait Investment Authority Sovereign wealth fund of the State of Kuwait and long‑standing strategic shareholder in Mercedes‑Benz Group AG; various late‑2025 shareholder listings attribute roughly 5.6% of the company’s share capital to KIA. | Government | 5.6% | 5.6% | — |
BlackRock, Inc. and affiliates Global asset manager; the latest voting‑rights notification published by Mercedes‑Benz Group AG in December 2025 reports 5.86% of voting rights via shares and 6.16% in total when including financial instruments. | Institutional | 5.9% | 6.2% | Dec 2025 |
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