Michael Otto Biography
Michael Otto is a German businessman who was born and raised inReichsgau Danzig-West Prussia. He is the chairman of the supervisory board of Germany’s Otto Group, one of the world’s largest mail-order companies, with €15.6 billion in 2021.
10 Quick Facts About Michael Otto
Here is a list of 10 facts
- Name: Michael Otto
- Age: 80 years
- Birthday: 12th April
- Zodiac Sign: Aries
- Height: 6 feet 2 inches
- Nationality: American
- Occupation: Businessman
- Marital Status: Married
- Salary: $100,289
- Net worth: $16 Billion
Michael Otto Age
Otto is 80 years as of 2023. He was born on 12 April 1949, in Chełmno (Kulm), Reichsgau Danzig-West Prussia. Michael Celebrates his birthday on April 12th every year. His birth sign is Aries.
Michael Otto Height
Otto stands at a height of 6 feet 2 inches or 1.6 meters.
Michael Otto Weight
Otto is a man of moderate weight. His actual weight and other body measurements are not available at the moment. We shall update this section as soon as we get them.
Michael Otto Early Life and Education
Michael grew up in Danzig-West Prussia and went on to earn doctorates from the University of Hamburg and the University of Munich.
Michael Otto Family, Parents
Michael was born to his parents Werner Otto (13 August 1909 – 21 December 2011) and Mrs. Otto in Germany. His father was a German entrepreneur who in 1949 founded Otto GmbH, which eventually became the world’s largest mail-order group.
Michael Otto Siblings
Otto has five siblings including Katharina Otto-Bernstein, Frank Otto, and Alexander Otto.
Michael Otto Wife
Michael is a happily married man. He does not like keeping his personal life in the public media thus nothing much is known about his wife
Michael Otto Children
Michael and his wife are proud parents of two children. He lives with his family in Hamburg, Germany.
Michael Otto Salary
Michael’s salary is estimated to be $100,289. At the moment, we do not have the exact salary but we will update this section when the information is available.
Michael Otto Net Worth
Otto has an estimated net worth of $16 billion dollars as of 2023. This includes his assets, money, and income. His primary source of income is his career as a businessman. Through his various sources of income, he has been able to accumulate good fortune but prefers to lead a modest lifestyle.
Michael Otto Measurements and Facts
Here are some interesting facts and body measurements you should know about Otto
Michael Otto Wiki
- Full Names: Michael Otto
- Popular As: Michael
- Gender: Male
- Occupation / Profession: Businessman
- Nationality: German
- Race / Ethnicity: Not known
- Religion: Not known
- Sexual Orientation: Straight
Michael Otto Birthday
- Age: 80 years
- Zodiac Sign: Aries
- Date of Birth: 12 April 1949
- Place of Birth: Chełmno (Kulm), Reichsgau Danzig-West Prussia
- Birthday: 12th April
Michael Otto Body Measurements
- Height / How Tall?: 6 feet 2 inches or 1.6 meters.
- Weight: Not known
- Eye Color: Brown
- Hair Color: Brown
- Shoe Size: To be Updated
Michael Otto Family and Relationship
- Father (Dad): Werner Otto
- Mother: Mrs. Otto
- Siblings (Brothers and Sisters): Five
- Marital Status: Married
- Wife/ Spouse: Mrs. Michael
- Children: Two
Michael Otto Net Worth and Salary
- Net Worth: $16 Billion
- Salary: $16 billion dollars
- Source of Income: His businesses
Michael Otto Businessman
Otto Group was founded by his father, the late Werner Otto, as a mail-order business in Hamburg in 1949. They were the former owners of Spiegel, Inc. which filed for bankruptcy on 17 March 2003. On 25 May 2005, Spiegel, Inc. emerged from bankruptcy, was renamed Eddie Bauer Holdings, and is now owned primarily by Commerzbank. The Otto Group no longer has any stake in the company.
Otto and his family own extensive real estate in Canada and in the United States, shopping centers in Germany, and part of the 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 the multi-stakeholder dialogue on hot environmental issues. Otto is also a member of the World Future Council.
Michael Otto Foundation 2°
Otto is president of the Foundation 2°, which promotes a transition towards a carbon-free economic system. He once stated about this transition: “Understanding climate protection as a modernization project for the economy can now play an important role in overcoming the consequences of the Corona crisis – and at the same time help to avoid profound negative impacts of the climate crisis.”
Michael Otto Accomplishments
Michael has achieved much in his career, as an environmentalist and president of the Foundation 2°, which promotes a transition towards a carbon-free economic system he has helped to avoid profound negative impacts of the climate crisis.
Michael Otto Hobbies and Personal Interests
- Hobbies: Reading, Taking walks, Spending time with family and friends
- Passions: Environment, Books, Music
- Interests: Philanthropy
- Books: Not specified
- Favorite Movies: Not specified
- Sports Team: To be Updated
Frequently Asked Questions About Michael Otto
Michael Otto is a German businessman who was born and raised inReichsgau Danzig-West Prussia. He is the chairman of the supervisory board of Germany’s Otto Group, one of the world’s largest mail-order companies, with €15.6 billion in 2021.
Otto is 80 years as of 2023. He was born on 12 April 1949, in Chełmno (Kulm), Reichsgau Danzig-West Prussia.
Otto stands at a height of 6 feet 2 inches or 1.6 meters.
Michael is a happily married man. He does not like keeping his personal life in the public media thus nothing much is known about his wife
Michael and his wife are proud parents of two children. He lives with his family in Hamburg, Germany.
Details about Otto’s salary are not yet disclosed. However, information about how much he makes will be updated as soon as it is available.
Because of security reasons, she has not disclosed the precise location of his house. We shall update the images and address of his house.
Michael is alive and in good health. There have been no reports of her being sick or having any health-related issues.
Otto is still pursuing his career as a businessman.
Michael Otto Contacts
- Youtube
- Tiktok
- Website
Related Biographies
You may also like to read the Bio, Career, Family, Relationship, Body measurements, Net worth, Achievements, and more about:
- Götz Otto
- Otto Porter Jr
- Otto Kilcher
- Christopher Goncalo
- Michael Greenburg
- Michael Esparza
- Shaun Sipos
- David Montgomery
About InformationCradle Editorial Staff
This Article is produced by InformationCradle Editorial Staff which is a team of expert writers and editors led by Josphat Gachie and trusted by millions of readers worldwide.
We endeavor to keep our content True, Accurate, Correct, Original and Up to Date. For complain, correction or an update, please send us an email to informationcradle@gmail.com. We promise to take corrective measures to the best of our abilities.