OpenAI wants everyone to call AI data centers 'compute campuses' 9 killed after private jet crashes near Palm Beach, authorities say Elon Musk says he is taking over an old Spam factory and a gun range to expand his Colossus 2 AI complex Microsoft AI chief says AI is not conscious and we should keep it that way After living in California for decades, I've found the perfect place to visit when I crave coastal Mediterranean vibes 'SNL' goes after AI, startup culture, and 'predatory tech guys' I wanted a part-time job while homeschooling my 3 kids. Then my cake pop side hustle took off. Everything changed for the oil, AI and bond trades over the past month Anthropic's internal AI use, valued at retail prices, now exceeds its employee pay Social Security may have to cut retirement benefits in six years. Here's how much money is at stake for beneficiaries

Michael Otto

Michael Otto

Michael Otto (#607)

Global Rank #607
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 #607
Country Rank #25
Net Worth $6.7B
Previous Worth $6.7B
Worth Change +$0.0B
Country Germany
Industry Retail, real estate
Age 83 Years
Gender M
Worth As Of April 28, 2026
Last Refreshed 09 Sep 2026, 12:00 AM
Residence Hamburg, 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 $6.7B
Current Net Worth $6.7B

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.

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: $6.7B (April 28, 2026)

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