Rank #584
Alexander Otto
Net worth $6.8B
Real estate · Germany
- Born
- Jul 07, 1967
- Age
- 58
- Source
- Real estate
- Residence
- Hamburg
- Citizenship
- Germany
- Marital status
- Married
- Children
- 0
- Education
- Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Harvard College
Net worth over time
Biography
- Alexander Otto owns a stake in Otto Group and is majority shareholder and CEO of ECE Group, a commercial real estate firm focused on shopping centers.
- His late father, Werner Otto, started the empire by founding a mail-order business in Hamburg in 1949.
- With revenues exceeding $15 billion, Otto Group has more than 40 companies in retail (including Crate and Barrel), real estate and financial services.
- His mother Maren and her daughter Katharina share a 14% stake with him in Paramount Group, which owns and manages office properties in the U.S.
- Investing heavily in shopping centers, he became a shareholder of publicly-traded Deutsche EuroShop in 2001.
- Alexander's sister, Katharina Otto-Bernstein, writes and produces art movies in the U.S.
- His brother, Michael Otto, also a billionaire, ran Otto Group for 26 years until 2007. He is now chairman of its supervisory board.
Financial assets
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