#589

Alexander Otto

Source of wealth: Real estate

58 years male Real Estate 🇩🇪 DE

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Alexander Otto's fortune with the healthcare spending of a massive country

Alexander Otto could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.0 years.

But even if we compare their fortune with that of a rich country

On the other end, Alexander Otto could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.3 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Alexander Otto could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.0 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Alexander Otto could pay for it entirely for 2.7 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Alexander Otto could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.3 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Alexander Otto with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.3 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Alexander Otto's fortune is equivalent to 46 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Alexander Otto could buy 12,249,917 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Alexander Otto will almost certainly have enough money left over to pay for the gas.

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Biography

Alexander Otto owns a stake in Otto Group and is majority shareholder and CEO of ECE Group, a commercial real estate firm focused on shopping centers.

His late father, Werner Otto, started the empire by founding a mail-order business in Hamburg in 1949.

With revenues exceeding $15 billion, Otto Group has more than 40 companies in retail (including Crate and Barrel), real estate and financial services.

His mother Maren and her daughter Katharina share a 14% stake with him in Paramount Group, which owns and manages office properties in the U.S.

Investing heavily in shopping centers, he became a shareholder of publicly-traded Deutsche EuroShop in 2001.