3Michael Otto – Net worth – $17.6 billion
Michael Otto was born on April 12, 1943. He is the head of German Otto Group, the second largest Internet retailer in the world, after Amazon.com.
The Otto Group was founded by the late Werner Otto in 1949, in Hamburg. In 2007, after 26 years of being Chief Executive of the family’s company, the billionaire retired.
The entire Otto family is rich. His brother, Alexander, manages the family’s ECE Group, which features 185 shopping centers.
The family also owns 13 million square feet of prime real estate in the U.S, and mostly in New York City.
