Alexander Otto
Overview
- Source of Wealth
- Real estate
- Industry
- Real Estate
- Residence
- Hamburg
- Education
- Harvard Business School (Master of Business Administration)Harvard College (Bachelor of Arts/Science)
- Marital Status
- Married
Assets
- CURBLINE7,946,000 shares @ --CURB-US
- Deutsche Euroshop11,712,000 shares @ --DEQ-DE
- Paramount Group14,145,000 shares @ --PGRE-US
- SITE Centers3,314,000 shares @ --SITC-US
Biography
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.