Michael Otto Net Worth

How much is Michael Otto Worth?

in Richest BusinessmenRichest Billionaires
Michael Otto net worth:
$16 Billion

Michael Otto net worth: Michael Otto is a German businessman who has a net worth of $16 billion. Michael Otto is best known for being the head of the German conglomerate, Otto Group, which is also the world's largest mail order company. The company also holds the second largest position for online retailers, behind conglomerate Amazon.com. His company once owned Spiegel, Inc., which is a parent to Eddie Bauer. However, the company filed for bankruptcy in 200. Then in 2005, Spiegel, Inc. was born out of Eddie Bauder Holdings, which is now mostly owned by Commerzbank. Otto's family also owns a large amount of real estate, which is spread out across the United States as well as Canada. They also own the shopping center chain, Crate & Barrel. Otto is known for his interests in environmentally-friendly ventures, and has worked to create a number of "green" products that are put out by his companies. In 1993 he founded the Michael Otto Foundation, which works to help multi-million dollar companies stay invested in environmentally friendly issues. He has earned two doctorate degrees, one from the University of Hamburg and the other from the University of Munich. Otto is married and the father of two children.

Michael Otto Net Worth

Michael Otto

Net Worth:$16 Billion
Date of Birth:Apr 12, 1943 (76 years old)
Gender:Male
Profession:Businessperson, Environmentalist
Nationality:Germany
All net worths are calculated through the combination of a robust methodology and a proprietary algorithm. The results are fact checked and confirmed by a team of editors and industry insiders. We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet.
Did we make a mistake?
Submit a correction suggestion and help us fix it!
Submit a Correction
Discussion