#1090
Otto Philipp Braun
Germany 48 years old
Overview
- Source of Wealth
- Medical technology
- Industry
- Healthcare
- Residence
- Melsungen
Biography
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. Revenues have grown to around $8 billion.
Today, with more than 64,000 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.
His sister Anna Maria Braun, also a billionaire, is CEO of B. Braun.
About
Before resigning, Otto Philipp was responsible for the company's Iberian Peninsula and Latin American regions.