⬅ # 1472 Julia Oetker|# 1474 Maria Franca Fissolo ➡

# 1473 Alfred Oetker 

$2.22B

Real Time Net Worth
as of 7/2/2024
-$121 (-0.00%)

# 1473 Alfred Oetker 

$2.22B

Real Time Net Worth
as of 7/2/2024
-$121 (-0.00%)
OccupationCo-owner and Co-CEO, Geschwister Oetker
Source of WealthConsumer Goods
Age57
ResidenceBielefeld, Germany
Marital StatusMarried
Age-Adjusted Net Worth$2.72B
Alfred Oetker
Alfred Oetker
Germany
Net worth: $2.22B

Self-Made Score 

Wealth History

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Biography

Overview

Alfred Oetker is a billionaire primarily known for his role as co-CEO of Geschwister Oetker, a German holding company.
He owns one-third of Geschwister Oetker, which was formed in 2021 following the division of the Oetker family's conglomerate into two independent groups.
Geschwister Oetker's portfolio includes brands in wine and spirits, chemicals, and luxury hotels.
The original family business, Dr. August Oetker, began in 1891 with his great-grandfather's non-perishable baking powder.
Alfred's wealth is largely derived from his share of the family business, Dr. August Oetker, and his leadership role in Geschwister Oetker.

Family and Early Life

Alfred Oetker is one of eight children of Rudolf August Oetker, a prominent German entrepreneur.
Rudolf August Oetker inherited the family business during World War II and significantly expanded it post-war.
The Oetker family business empire was valued at $12 billion in 2014, with each of Rudolf's children inheriting an equal share.
Alfred's siblings include Rosely Schweizer, August Oetker, Bergit Douglas, Christian Oetker, Richard Oetker, Carl Ferdinand Oetker, and Julia Oetker.

Career

Alfred serves as co-CEO of Geschwister Oetker alongside his brother Carl Ferdinand.
Under Alfred and Carl Ferdinand's leadership, Geschwister Oetker has managed to maintain its diversified portfolio.
The division of the Oetker Group in 2021 allowed Alfred to focus on expanding Geschwister Oetker's influence in various industries.

Historical Context and Family Legacy

The Oetker family business, originally founded in 1891, rose to prominence with the invention of a popular baking powder.
Rudolf August Oetker, Alfred's father, joined the family business during the Nazi era and expanded it significantly post-WWII.
Rudolf August Oetker's tenure included controversial aspects such as support for the Nazi regime and the use of forced labor.

Recent Developments and Public Image

In response to their father's Nazi past, Alfred and his siblings have taken steps to return stolen artworks to the heirs of their original Jewish owners.
A notable restitution includes a painting by Carl Spitzweg returned in 2019 to the heirs of Leo Bendel.

How long would it take you to become as rich as Alfred Oetker?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Alfred Oetker's net worth of $2.22B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

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Alfred Oetker is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Alfred Oetker, Consumer Goods is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey