$10.2B
$-68M
(-0.7%)

DE
· Age 58
Source of wealth: Real estate
Industry: real-estate
Residence: Hamburg, DE
{
"bio": [
"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 mother 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."
],
"about": [
"Alexander's 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."
]
}