Michael Otto (#566)
- $ 7 B
- Retail, real estate
- Germany
- M
- 83 Years
Rest in Peace Ask Jeeves, every search comes to an end
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About Me
Michael Otto inherited shares in the retail empire his late father, Werner Otto, founded as a mail-order business in Hamburg in 1949. 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 stepmother Maren and her children Alexander and 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.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Michael Otto’s rise and global influence.
Wealth Growth
Net Worth Growth Over Time
Tracking Michael Otto’s net worth journey over the years, highlighting key growth phases and financial milestones.
Current Net Worth: $6.9B
(April 28, 2026)
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