Alexander Otto
Hamburg, Germany
Master of Business Administration, Harvard Business School | Bachelor of Arts/Science, Harvard College
Germany
real estate
$10,700,000,000
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#132 Billionaires 2019
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.
Alexander's half-sister, Katharina Otto-Bernstein, writes and produces art movies in the U.S.His brother, Michael Otto, also a billionaire, ran Otto Group for 26 years until 2007. He is now chairman of its supervisory board.
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