Maren Otto
Source of wealth: Retail, real estate
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The scale of their wealth
Health
The price of life
Let's compare Maren Otto's fortune with the healthcare spending of a massive country
Maren Otto could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.1 years.
But even if we compare their fortune with that of a rich country
On the other end, Maren Otto could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Maren Otto could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.7 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 Maren Otto could pay for it entirely for 1.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Maren 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 4.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Maren 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 0.1 years.
Gold
Everyday luxuries
Maren Otto's fortune is equivalent to 17 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.
Maren Otto could buy 4,571,540 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 1 trucks to transport them. Although Maren Otto will almost certainly have enough money left over to pay for the gas.
Biography
Maren Otto is the third wife of the late Werner Otto, who began a retail empire by founding a mail-order business in Hamburg in 1949.
She inherited a stake in the family's Otto Group and its more than 40 companies in retail (Crate and Barrel), real estate and financial services.
She's also a shareholder of ECE, the family's commercial real estate company focused on shopping centers. Her son Alexander is CEO.
With Alexander and her daughter, Katharina, she shares a 14% stake in Paramount Group, which owns and manages office properties in the U.S.
Katharina, Alexander and her stepson, Michael, are also billionaires.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison