Otto Beisheim


Fashion and Retail

Otto Beisheim is a member of Fashion and Retail in Germany. As of 2018 Otto Beisheim net worth is approximately $3.3 Billion. Otto Beisheim cofounded retailer Metro AG in 1964 with the Schmidt-Ruthenbeck and Haniel families. Beisheim owns some 10% of the publicly traded $89 billion (sales) company. In the last 12 months, shares have fallen nearly 50 percent due to a company-issued profit warning and the surprising departure of CEO Eckhard Cordes at the end of 2011.

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💰 Net worth: $3.3 Billion

2010 $3.6 Billion
2011 $4.5 Billion
2012 $3.3 Billion
2018 $3.3 Billion

Biography/Timeline

2004

After the war, Beisheim went into Business. The first Metro Market, opened in November 1963 in Essen-Altenessen. On 10 January 2004, Beisheim Center was officially opened on the North West side of Potsdamer Platz in Berlin, built for 463 million euros, and including the Ritz-Carlton and Marriott chains.

2009

In 2009, he sold 5.2% of the shares of Metro AG to various national and international investors; a further 3.1% could be sold. The WHU-Otto Beisheim School of Management, in Koblenz is named after him.

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