Name
Maren Otto
Primary Residence
Berlin, Germany
Citizenship
Germany
Source Of Wealth
retail, real estate
Net Worth
$3,100,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
691
Forbes List Rank One: Title
#691 Billionaires 2019
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Summary
Maren Otto is the third wife of the late Werner Otto, who began a retail empire by founding a mail-order business in Hamburg in 1949.She inherited a stake in the family's Otto Group and its more than 40 companies in retail (Crate and Barrel), real estate and financial services.She's also a shareholder of ECE, the family's commercial real estate company focused on shopping centers. Her stepson Alexander is CEO.With Alexander and her daughter, Katharina, she shares a 14% stake in Paramount Group, which owns and manages office properties in the U.S.Katharina, Alexander and her other stepson, Michael, are also billionaires.
Did you know?
Her daughter, Katharina Otto-Bernstein, writes and produces art movies in the U.S.Stepson Michael Otto ran Otto Group for 26 years until 2007. He is now chairman of its supervisory board.
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