⬅ # 340 Paul Tudor Jones|# 342 Pang Kang ➡

# 341 Michael Otto 


Real Time Net Worth
as of 4/16/2024
$482 (0.00%)

# 341 Michael Otto 


Real Time Net Worth
as of 4/16/2024
$482 (0.00%)
OccupationChair, Otto Group
Source of WealthRetail, Real Estate
ResidenceHamburg, Germany
Marital StatusMarried
EducationDoctorate, University of Hamburg; Doctorate, University of Munich
Age-Adjusted Net Worth$1.90B
Michael Otto
Michael Otto
Net worth: $7.85B

Self-Made Score 

Wealth History

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Early Life and Career

Michael Otto was born on April 12, 1943 in Hamburg, Germany
Family Background: Inherited shares in Otto Group, founded by father Werner Otto in 1949
Education: Earned doctorates from the University of Hamburg and the University of Munich
Chief Executive Role: Led Otto Group for 26 years until 2007
Current Position: Chairman of the Supervisory Board at Otto Group
Business Portfolio: Otto Group comprises over 40 companies in retail, real estate, and financial services
Key Companies: Otto Group owns retail brands like Crate and Barrel
Financial Success: Otto Group's revenues exceed $15 billion
Bankruptcy Involvement: Former owners of Spiegel, Inc., parent company of Eddie Bauer, which filed for bankruptcy in 2003

Family and Business Relationships

Family Members: Brother Alexander, stepmother Maren, and her daughter Katharina are also billionaires with stakes in Otto Group
Joint Ventures: Family members own ECE Group, a real estate company, and have a stake in Paramount Group, an office property firm

Real Estate Ventures

Global Holdings: Otto and family own extensive real estate in Canada and the United States
Shopping Centers: Own shopping centers in Germany
Retail Investments: Hold a part of home-furnishings chain Crate & Barrel

How long would it take you to become as rich as Michael Otto?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Michael Otto's net worth of $7.85B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Michael Otto 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 Michael Otto, Retail and Real Estate are the primary sources. 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