Thursday, 12 April 2012

34.Michael Otto & family

Michael Otto & family
Net Worth
$17.6 B As of March 2012
 
At a Glance
  • Age: 68
  • Source of Wealth: retail, real estate
  • Residence: Hamburg, Germany
  • Country of Citizenship: Germany
  • Education: Doctorate, University of Hamburg; Doctorate, University of Munich
  • Marital Status: Married
  • Children: 2
Forbes Lists
Profile:
Michael Otto and his four siblings share the ownership of $11.4 billion (revenues) Otto Group, which sells everything from toys to building supplies. Michael heads the group's supervisory board and moved the company into Internet sales; now it's the world's second biggest Internet retailer after Amazon.com. Michael retired as chief executive in 2007 after 26 years in that job. His father Werner Otto, [...] more

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