How rich is Michael Otto?
Michael Otto Net Worth:
|Birth date:||April 12, 1943|
|Birth place:||Chełmno, Poland|
|Parents:||Werner Otto, Eva Otto|
|Siblings:||Frank Otto, Katharina Otto-Bernstein, Alexander Otto, Ingvild Goetz|
Michael Otto net worth, wiki & biography:
German businessman Michael Otto has an estimated net worth of $17.1 billion as of October 2015 according to Forbes. He currently functions as the head ofOtto Group, a German vehicle group which is regarded as the largest mail order company on earth. Two years later, the business emerged from bankruptcy and was renamedEddie Bauer Holdings. The business is now owned byCommerzbank. Besides being an integral part of Crate & Barrelfurnishing chain, Michael Otto obtained his net worth fromextensive real estate which his family owns in United States and Canada. They also possess several shopping centers in Germany. Michael Otto is now married with two kids. He’s an alumnus of the University of Hamburg and also the University of Munich where he obtained his doctorate degrees.