Chief executive officer of ECE (Educational Credential Evaluators), Alexander Otto’s net worth is a staggering $11 billion as of October 2022.
Alexander Otto is a conventional German billionaire businessman owning majority shares and approximately one-fifth stake in the Otto Group. ECE Group is a commercial company specializing in shopping centers.
ECE runs 200 shopping centers in 17 countries.
As stated by Forbes list, he has been listed as 186th richest billionaire in 2022.
He joined his family business founded by his late father in 1994, and his family is evenly classified among the wealthiest Germans now.
The majority owner of ECE Group, Alexander Otto, is also a member of the authoritative board of Deutsche EuroShop AG and SITE Centers in the USA as well as of the advisory board of Peek & Cloppenburg KG Dusseldorf.
Alexander Otto | Quick Facts
Here are some of the quick facts about Alexander Otto.
|Full Name||Alexander Otto|
|Age||55 Years Old|
|Birth Date||7 July 1967|
|Source of Wealth||Real estate|
|Father’s Name||Werner Otto|
|Mother’s Name||Maren Otto|
|Siblings||Michael Otto, Frank Otto, Katharina Otto-Bernstein, Ingvild Goetz|
|Grandparents||Frieda Otto, Wilhelm Otto|
|Nephews||Benjamin Otto, Nick Otto-Bernstein|
|Wife’s Name||Dorit Otto|
Harvard Business School
|Achievements||ICSC Trustees Distinguished Service Award|
|Net Worth||$11 Billion|
Alexander Otto | Net Worth & Income
The German billionaire businessman Alexander Otto’s net worth is a massive $11 billion.
The 55 years old businessman owns one-fifth of closely held retail, financial services, and logistics conglomerate Otto Group. He also holds a 6% stake in the U.S. real estate company Paramount Group.
Similarly, he also shares a 14% stake of Paramount Group with his stepmother Maren and his stepsister Katharine.
ECE has played a vital role in raising Alexander’s net worth to $11 billion. ECE attracts about 4 million customers in its 200 shopping malls daily, according to its website.
The number of customers is increasing at a rapid rate due to their ongoing digitalization of the retail sector and digital omni form platforms. The shopping centers have €22.7 billion in retail sales.
The total share capital with 61,783,594 shares of Deutsche Euroshop, in which Alexander Otto owns 20.03%, has been trading high for an overview of €21.68.
Alexander made 39 above trades of the retail value, including stock, and sold 2,100,000 units of RVI stock worth $34,713,000 on 15th November 2021.
The biggest trade he ever did was selling 8,500,000 units of retail value, including stock worth more than $1,22,740,000. After trading all these stocks, he still has 19,594,751 units of Retail Value, including stock.
Alexander Otto’s Net worth in Different Currencies
Let’s check out CEO Alexander Otto’s net worth in some of the major currencies in the world.
Alexander Otto | Houses
Alexander Otto is a public figure, but he still manages to keep his life private.
There is no any exact information about the houses, cars, jets he owns, but with the enormous amount of net worth, it is for sure he has got some collection on his very own.
Alexander Otto has been spotted wearing Heritage Black Longitude, and Classic White Longitude watches.
Alexander Otto | Lifestyle and Vacation
As of October 2022, Alexander Otto’s net worth is a staggering $11 billion.
Mail Order heir Alexander Otto is running in his mid-fifties.
He spends most of his time with his wife Dorit Otto, doing charitable works through his foundations.
He has more interest in the stock market as he gets busy trading large units of stock every month.
The youngest son of the Otto family, Alexander Otto, shows his patriotism towards his country by working for its tourism prospect by renovating various structures in Germany.
There is not much information about how he spends his vacations or free time, but he is a family person, so he loves to spend more time with his family.
Alexander Otto | Charity
Alexander and his significant half have formed a foundation called Dorit and Alexander Otto Foundation. This foundation helps fund medical research and health care projects, and arts and culture in Hamburg. It also plays a major role in the extensive refurbishment of the Hamburg Art Museum.
His Alexander Otto Sports Foundation actively funds for supporting youth and constructing an ice and ball sports arena with a total of around 15 million euros.
Lebendige Stadt foundation under Alexander Otto has been promoting and preserving cities as lively and multifaceted living environments since 2000.
This foundation executes projects in building conservation and tourism.
Alexander believes in doing good by conviction. He has good charitable projects in his hand, like the modernization of the Hamburg Kunsthalle for which he donated €15 million or the tennis stadium at Hamburg’s Rothenbaum.
Alexander and Dorit attended the Charity Gala “Das Herz im Zentrum” on October 24, 2019, at Hofbräuhaus.
Alexander Otto | Investments and Endorsements
Alexander Otto’s net worth as of October 2022 is a massive $11 billion.
The biggest deal of Alexander Otto can be considered as €240 million to acquire half of the stakes of a Brazilian shopping center joint venture of U.S. group DDR Corporation. The joint venture contains two-thirds of listed shopping center operators Sonae Sierra Brasil and the U.S. shopping center REIT SITE centers.
Alexander Otto is further looking for expansion in Italy, Spain, and Turkey.
ECE real estate has successfully launched its center fund worth €5 billion, whose subsidiary in Luxembourg has been a licensed Alternative Fund Manager.
Alexander has increased his net worth by investing in a residential project with Art-Invest Real Estate and Dukelease. ECE has started working together with STRABAG Real Estate for developing MesseCity Cologne in a prime location in Cologne.
ECE has declared its new project on creating a “place to be” Berlin’s new shopping center with arcades, high street flair, flagship stores, and many more.
CEO of German property developer ECE Projektmanagement and Urban Land Institute leader Alexander Otto has been selected as a ULI Life Trustee.
He backs Hamburg’s unsuccessful bid for the 2024 Olympics.
Alexander Otto | Career
After completing his studies at Harvard University and receiving MBA through Harvard Business School, the great business tycoon Alexander Otto joined the family business founded by his late father in 1994. He was appointed as the company’s CEO in 2000.
With Otto’s business mind, tactics, and strategic development, ECE was able to thrive in success due to its aggressive expansion in the west and its landmark.
He started sharing his success to different platforms through his various organizations.
In 2019, online retailer Otto and shopping center operator ECE collaborated to form a joint venture Stocksquare to better connect online and offline retail.
Alexander Otto’s net worth is one of the most successful business tycoons, a staggering $11 billion.
Interesting Facts about Alexander Otto
- Alexander’s father, Werner Otto, had married three times and had five children. Among all five children, Alexander Otto is the youngest one.
- He joined the Otto group in 1994, but he was appointed as CEO of ECE in 2000.
- Alexander Otto is considered one of the most influential people in the business field.
How many employees does ECE have?
ECE has about 3,600 employees under management operating in 20 countries.
How are Michael Otto and Alexander Otto related?
Michael Otto is Alexander Otto’s brother, a shareholder with a major stake in Otto Group.
How many assets does ECE have?
According to their website, ECE has €33 million in assets in management.