Michael Otto

Michael Otto (#581)

Global Rank #581

Country Rank #25

Country Germany

Michael Otto is listed among the world billionaires tracked by Iconic Billionaires.

$ 7 B
Retail, real estate
Germany
M
83 Years

Snapshot

Quick Facts

Global Rank #581

Country Rank #25

Net Worth $6.8B

Previous Worth $6.8B

Worth Change +$0.0B

Country Germany

Industry Retail, real estate

Age 83 Years

Gender M

Worth As Of April 28, 2026

Residence Hamburg, Germany

Citizenship Germany

World Billionaires List Germany Billionaires Retail, real estate

Profile Data

Personal Stats

Age 83

Source Of Wealth Retail, real estate

Residence Hamburg, Germany

Citizenship Germany

Marital Status Married

Children 2

Education Doctorate, University of Munich; Doctorate, University of Hamburg

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $6.8B

Current Net Worth $6.8B

Worth as of April 28, 2026

About Me

Michael Otto inherited shares in the retail empire his late father, Werner Otto, founded as a mail-order business in Hamburg in 1949. As chief executive, he ran his family's Otto Group for 26 years until 2007. He is now chairman of its supervisory board. With revenues exceeding $15 billion, Otto Group has more than 40 companies in retail (including Crate and Barrel), real estate and financial services. Michael's stepmother Maren and her children Alexander and Katharina -- all billionaires -- also own stakes in Otto Group. Separate from Michael, they own ECE Group, a real estate company focused on shopping centers, and a stake in office property firm Paramount Group.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Michael Otto.

#588

Billionaires (2026)

Insights

Did You Know?

Michael's son, Benjamin, announced he wouldn't be following his dad's footsteps and become chief executive. He is managing partner instead.

Michael's half-sister, Katharina Otto-Bernstein, writes and produces art movies in the U.S.

Wealth Growth

Net Worth Growth Over Time

Tracking Michael Otto's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $6.8B (April 28, 2026)