Otto Philipp Braun
$3.6B
Born
Jan 01, 1978
Age
47
Source of Wealth
Medical technology
Residence
Melsungen,
Citizenship
Germany
Marital Status
Children
0
Education
- 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.
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