Alexander Otto
Networth: 9 Billion
Country: Germany
Industry: Real Estate
Alexander Otto owns a stake in Otto Group and is majority shareholder and CEO of ECE Group, a commercial real estate firm focused on shopping centers.His late father, Werner Otto, started the empire by founding a mail-order business in Hamburg in 1949.With revenues exceeding $15 billion, Otto Group has more than 40 companies in retail (including Crate and Barrel), real estate and financial services. His stepmother Maren and her daughter Katharina share a 14% stake with him in Paramount Group, which owns and manages office properties in the U.S. Investing heavily in shopping centers, he became a shareholder of publicly-traded Deutsche EuroShop in 2001.
Financial Assets
Ticker: DEQ-DE
Shares: 12,029,000
Ticker: PGRE-US
Shares: 14,145,000
Ticker: SITC-US
Shares: 19,596,000