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#281 Billionaire

Alexander Otto

$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." ] }

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