Sneha Girap (Editor)

Michael Otto (businessman)

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Citizenship
  
Germany

Role
  
Environmentalist

Name
  
Michael Otto

Parents
  
Werner Otto, Eva Otto

Spouse(s)
  
Married, 2 children

Residence
  
Hamburg, Germany

Occupation
  
head of Otto Group

Net worth
  
17 billion USD (2015)


Michael Otto (businessman) wwwfanphobianetuploadsactors372080michaelo

Born
  
12 April 1943 (age 80) (
1943-04-12
)
Chelmno (Kulm), General Government administration

Siblings
  
Frank Otto, Katharina Otto-Bernstein, Alexander Otto, Ingvild Goetz

Similar People
  
Werner Otto, Frank Otto, Alexander Otto, Hans‑Otto Schrader, Katharina Otto‑Bernstein

Grandparents
  
Wilhelm Otto, Frieda Otto

Michael Otto (born 12 April 1943, in Chełmno (Kulm) in Nazi-occupied Poland), is the head of German Otto Group, the world's largest mail order company, with US$24 billion in sales in fiscal year 2003. Thanks to a 30% rise in Internet sales last year, Otto also maintains its position as the Web's second-biggest retailer, behind Amazon.com.

Michael Otto (businessman) httpsimagescelebfamilycomwpcontentuploads

They were the former owners of Spiegel, Inc., (the parent company of Eddie Bauer and former owners of Spiegel catalog), which filed for bankruptcy on 17 March 2003. On 25 May 2005, Spiegel, Inc., emerged from bankruptcy renamed Eddie Bauer Holdings and is now owned primarily by Commerzbank. The Otto Group no longer has any stake in the company.

Michael Otto (businessman) Dr Michael Otto

Otto and his family own extensive real estate in Canada and in the United States, shopping centers in Germany and part of home-furnishings chain Crate & Barrel. Known as a committed environmentalist, his company has long touted environmentally safe products. In 1993, he created the Michael Otto Foundation (German: Michael Otto Stiftung). This foundation played, and is still playing, an important role in furthering multi-stakeholder dialogue on hot environmental issues.

Michael Otto (businessman) Michael Otto Family Family Tree Celebrity Family

Otto is currently married with two children. He is an alumnus of the University of Hamburg and the University of Munich where he obtained his doctorate degrees.

Michael Otto (businessman) Michael Otto News von DIE WELT

References

Michael Otto (businessman) Wikipedia