Name
Otto Philipp Braun
Primary Residence
Melsungen, Germany
Citizenship
Germany
Source Of Wealth
medical technology
Net Worth
$2,400,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
962
Forbes List Rank One: Title
#962 Billionaires 2019
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Summary
Otto Philipp Braun owns 23% of the medical device company B. Braun Melsungen, which began in 1839 as a small pharmacy that sold herbal remedies.His father, Ludwig Georg Braun, took the reins in 1977, when the company had just $24 million in annual sales (now around $8 billion).Today, with 60,000 employees globally, B. Braun manufactures products ranging from infusion and injection solutions to surgical instruments.The first sixth-generation family member to work in the company and serve on its board, Otto Philipp stepped down in 2017.
Did you know?
His sister and fellow billionaire Anna Maria Braun is president of the company's Asian/Pacific operations.Before resigning, Otto Philipp was responsible for the company's Iberian Peninsula and Latin American regions.
Age
41
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