Benjamin Otto is a German billionaire businessman and entrepreneur who is known for his active roles in several well-known brands, including ECE Group and Otto Group. Born on August 23, 1976, in Germany, he inherited a significant portion of his wealth from his grandfather, the founder of the Otto Group. He has been recognized globally for his outstanding contributions to the business world and sits among the very few young billionaires globally.
Early Life and Education
Benjamin Otto was born on August 23, 1976, in Germany. He is the grandson of Dr. Werner Otto, the founder of the Otto Group, a well-known fashion label in Germany. Dr. Werner Otto passed away in 2011 but left his massive wealth to his grandson Benjamin and his brother Alexander. Benjamin grew up in a wealthy family and had everything he needed for his early life.
After his secondary studies, he enrolled at the University of St. Gallen in Switzerland, where he studied business management. Later, he earned his MBA from INSEAD, a business school located in France. Benjamin had the passion for business since his childhood, and his education served as a stepping stone to his successful career in entrepreneurship.
Career and Achievements
Benjamin Otto is best known for his work in the retail and property sectors. He has been a key player in the Otto Group, a retail company with over 50,000 employees, since he was a young boy. Today, he is a member of its supervisory board, overseeing the company’s development and growth.
Benjamin also serves as the CEO of ECE Group, a company founded by his grandfather that specializes in large-scale real estate development projects. The company has been involved in various shopping center projects, hotels, and conference centers across Europe, Asia, and the United States.
He is also a co-founder of About You, an online retailer of fashion and beauty products. The company was launched in 2014, and within its first three years of operation, it had recorded over 28 million orders from its customers, making it one of Germany’s fastest-growing startups.
Benjamin has also won several awards for his contributions to the business world. In 2016, he was awarded the UK’s CEO of The Year Award, and he has been listed by Forbes magazine among the 30 under 30 European entrepreneurs.
Benjamin Otto is a relatively private person and has kept his personal life away from the public spotlight. However, he is known to be married and has two children. He is also known to be an art enthusiast and has been actively involved in supporting various cultural causes.
Benjamin is also an active philanthropist and supports several charitable organizations, including the Werner Otto Foundation, which is focused on promoting education and social services.
|Born:||August 23, 1976|
|Sector:||Retail and Property|
|Companies:||Otto Group, ECE Group, and About You|
|Net Worth:||$3.6 billion|