$9 Billion         |         Rank #230

Who is Michael Otto

As chief executive, he ran his family’s Otto Group for 26 years until 2007. He is now chairman of its supervisory board.
With revenues exceeding $15 billion, Otto Group has more than 40 companies in retail (including Crate and Barrel), real estate and financial services.
Michael’s brother Alexander, stepmother Maren and her daughter Katharina — all billionaires — also own stakes in Otto Group.
Separate from Michael, they own ECE Group, a real estate company focused on shopping centers, and a stake in office property firm Paramount Group. Michael Otto is from those few lucky persons who were born rich. He has inherited most of the part of his Wealth. Which leads to the fact that it was comparatively easy for Michael Otto to make it into the worldwide list of billionaires and is among the wealthiest persons on earth. He is currently 78.0 years old. Michael Otto inherited shares in the retail empire his late father, Werner Otto, founded as a mail-order business in Hamburg in 1949. As of today, Michael Otto’s net worth is roughly 9 Billion.

Facts about Michael Otto

To find out what is Michael Otto Net Worth, how he got there and what is Michael Otto Salary Per Day, Career, Biography and Childhood details, continue reading below.

Early Life of Michael Otto

Michael Otto was born on 12-04-43 in Germany. Michael’s half-sister, Katharina Otto-Bernstein, writes and produces art movies in the U.S. Michael’s son, Benjamin, announced he wouldn’t be following his dad’s footsteps and become chief executive. He is managing partner instead. Being raised in the same country, Michael Otto spent most of his time in nan in the city of Hamburg.

Michael Otto net worth is estimated at 9 Billion Billion to date.

Professional Journey

You will see him often in social media.  Michael Otto inherited shares in the retail empire his late father, Werner Otto, founded as a mail-order business in Hamburg in 1949. There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. Michael’s half-sister, Katharina Otto-Bernstein, writes and produces art movies in the U.S. In his youth, he was adventurous but unknown, but that was years ago. As chief executive, he ran his family’s Otto Group for 26 years until 2007. He is now chairman of its supervisory board.
With revenues exceeding $15 billion, Otto Group has more than 40 companies in retail (including Crate and Barrel), real estate and financial services.
Michael’s brother Alexander, stepmother Maren and her daughter Katharina — all billionaires — also own stakes in Otto Group.
Separate from Michael, they own ECE Group, a real estate company focused on shopping centers, and a stake in office property firm Paramount Group. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Michael Otto inherited shares in the retail empire his late father, Werner Otto, founded as a mail-order business in Hamburg in 1949.
It will not be wrong if we say that Michael Otto is one of the granted billionaires who inherited most part of the wealth and stands at 230 in most wealthiest persons in the world.

FAQs

Here are a few most frequently asked questions about Michael Otto:

How much is Michael Otto worth?

Michael Otto’s net worth is estimated to be 9 Billion.

How old is Michael Otto?

Michael Otto was born on 12-04-43, and is currently 78.0 years old.

What is Michael Otto source of income?

Michael Otto acquires most part of his wealth from retail, real estate.
 

Concluding Michael Otto Net Worth

Currently with a net worth of 9 Billion, Michael Otto stands at 230 in the world billionaires list. And draws most of his wealth from retail, real estate. Hope you like this information about Michael Otto. If you like this, then please share it with your friends. This above post is all about the estimated worth of Michael Otto. Do you have any queries? Feel free to ask via comment section.

Disclaimer: Please keep in mind that this is an estimated net worth of Michael Otto. Actual worth may vary a little. You can always get information by checking out Leaktown.com.