Name
August 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
August Oetker owns 12.5% of Dr. August Oetker, a $14 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, August's father, former Nazi SS officer Rudolf August Oetker, developed additional food products and successfully diversified.August studied economics and worked for the Lehmann Brothers in the 1970s, then returned to Germany to work at the family company. In 2010, at age 69, he became the advisory board chairman.
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.August likes classic cars -- "Oldtimers," as they're known in Germany -- ships and classical music.
Age
75
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