Name
Alfred Oetker
Primary Residence
Bielefeld, Germany
Citizenship
Germany
Source Of Wealth
consumer goods
Net Worth
$2,000,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1168
Forbes List Rank One: Title
#1168 Billionaires 2019
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Summary
Alfred Oetker owns 12.5% of Dr. August Oetker, a $13 billion (sales) conglomerate with interests in food, beverages, financial services and hotels.The business began in 1891 when his great-grandfather, pharmacist August Oetker, started selling non-perishable baking powder.After World War II, Alfred's father, former Nazi SS officer Rudolf August Oetker, developed additional food products and successfully diversified.Alfred studied economics at the University of Passau and Oxford, and speaks six languages.He has a seat on the company's advisory board.
Did you know?
When Rudolf August passed away in 2007, at age 90, the company's ownership was divided between his eight children from three marriages.Alfred has two sons with his wife Princess Elvira Grimaldi. The family of Princess Grimaldi is the Sicilian branch of the Grimaldis of Genoa and Monaco.
Age
52
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