Carl Ferdinand Oetker Net Worth

What is Carl Ferdinand Oetker's Net Worth?

Carl Ferdinand Oetker is a German businessman who has a net worth of $1.7 billion. As one of the heirs to the Oetker fortune, Carl Ferdinand Oetker received his portion of the family wealth built on baking and pudding powder. Dr. Oetker, still the source of his fortune, is now a broadly diversified holding company that employs around 26,000 people and generates some $15 billion in annual revenue. With the roots being set in 1891, the company has made an enormous expansion over the years.

Initially, it was led by founder August Oetker, a pharmacist, who was then succeeded by his grandson Rudolf August Oetker, a former Nazi SS officer and the driving force behind the brand's growth. Since its inception, Dr. Oetker has added new food products and expanded into beverages and services like container shipping and finance, as well as luxury hotels. It was after the company's leader at the time, Rudolf August Oetker, died in 2007 that he left behind eight children from three marriages and a vast family wealth. Although each of the heirs and their families received12.5% of Bielefeld-based Dr. Oetker, they are still unhappy and the rivalry between them continues.