Alexander Otto
$10.3B
Born
Jul 07, 1967
Age
58
Source of Wealth
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
- 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.
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