Rank #1079
Otto Philipp Braun
Net worth $4.0B
Medical technology · Germany
- Born
- Jan 01, 1978
- Age
- 48
- Source
- Medical technology
- Residence
- Melsungen
- Citizenship
- Germany
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Otto Philipp Braun owns 23% of the medical device company B. Braun Melsungen, which began in 1839 as a small pharmacy that sold herbal remedies.
- His father, Ludwig Georg Braun, took the reins in 1977, when the company had just $24 million in annual sales. Revenues have grown to around $8 billion.
- Today, with more than 64,000 employees globally, B. Braun manufactures products ranging from infusion and injection solutions to surgical instruments.
- The first sixth-generation family member to work in the company and serve on its board, Otto Philipp stepped down in 2017.
- His sister Anna Maria Braun, also a billionaire, is CEO of B. Braun.
- Before resigning, Otto Philipp was responsible for the company's Iberian Peninsula and Latin American regions.