Alexander Otto (businessman)

{{short description|German billionaire businessman (born 1967)}}

{{Use dmy dates|date=November 2021}}

{{Use British English|date=July 2019}}

{{Infobox person

| name = Alexander Otto

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| birth_date = {{birth date and age|1967|07|07|df=y}}

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| nationality = German

| education = Harvard College
Harvard Business School

| occupation = Businessman

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| parents = Werner Otto
Maren Otto

| relatives = Katharina Otto-Bernstein (sister)
Michael Otto (brother)
Frank Otto (brother)

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Alexander Otto (born 7 July 1967) is a German billionaire businessman. As of December 2024, Forbes estimated his net worth to be US$8.4 billion.{{cite web |title=Forbes profile: Alexander Otto |url=https://www.forbes.com/profile/alexander-otto/ |website=Forbes |accessdate=7 November 2021}}

Early life

Alexander Otto was born on 7 July 1967. He is son of Werner Otto and his third wife, Maren Otto.{{cite web |title=Bloomberg Billionaires Index: Alexander Otto |url=https://www.bloomberg.com/billionaires/profiles/alexander-otto/ |website=Bloomberg LP |accessdate=22 July 2019}} He earned a bachelor's degree from Harvard College, and an MBA from Harvard Business School.

Career

Otto is a part-owner of Otto Group, founded by his father Werner Otto. He is the majority owner and CEO of ECE Group, a commercial property company specialising in shopping centres, which was also founded by his father. He has joined the family business in 1994.

He is also a member of the supervisory board of the Otto Group, of Deutsche EuroShop AG and of SITE Centers in Cleveland/USA.

According to the magazine Forbes his net worth is $12.1 Billion. The Otto family is consistently ranked among the wealthiest Germans.

Personal life

Otto is married to Dorit Otto and lives in Hamburg, Germany.

References