Alexander Otto (businessman) explained

Alexander Otto
Birth Date:7 July 1967
Nationality:German
Education:Harvard College
Harvard Business School
Occupation:Businessman
Parents:Werner Otto
Maren Otto
Relatives:Katharina Otto-Bernstein (sister)
Michael Otto (brother)
Frank Otto (brother)

Alexander Otto (born 7 July 1967) is a German billionaire businessman. As of November 2021, his net worth was estimated at US$12.2 billion.[1]

Early life

Alexander Otto was born on 7 July 1967. He is son of Werner Otto and his third wife, Maren Otto.[2] He earned a bachelor's degree from Harvard College, and an MBA from Harvard Business School.[1]

Career

Otto is a part-owner of Otto Group, founded by his father Werner Otto. He is the majority owner and CEO of ECE Group, a commercial property company specialising in shopping centres, which was also founded by his father.[1] He has joined the family business in 1994.

He is also a member of the supervisory board of the Otto Group, of Deutsche EuroShop AG and of SITE Centers in Cleveland/USA.

According to the magazine Forbes his net worth is $12.1 Billion. The Otto family is consistently ranked among the wealthiest Germans.

Personal life

Otto is married to Dorit Otto and lives in Hamburg, Germany.[1]

Notes and References

  1. Web site: Forbes profile: Alexander Otto . Forbes . 7 November 2021.
  2. Web site: Bloomberg Billionaires Index: Alexander Otto . Bloomberg LP . 22 July 2019.