What is Alexander Otto’s net worth?
| Net Worth: | $5.75 Billion |
|---|---|
| Age: | 55 |
| Born: | July 7, 1967 |
| Gender: | Male |
| Height: | 1.74 m (5 ft 9 in) |
| Country of Origin: | Germany |
| Source of Wealth: | Entrepreneur |
| Last Updated: | March 8, 2023 |
Introduction
Alexander Otto is best known for being the chief executive officer of ECE, a closely held manager of almost 200 shopping centers.
He owns the Hamburg-based business and two North American property management companies with his mother and sister. ECE operates across Europe, and its shopping centers house about 19,500 shops.
As of March 2023, Alexander Otto’s net worth is estimated to be $5.75 Billion.
Early Life
Alexander Otto was born in Hamburg in July 1967.
After completing his International Baccalaureate in Oxford, he studied at Harvard University and Harvard Business School. He joined ECE in 1994.
Career
Otto has been Chief Executive Officer of ECE, a company owned by the Otto family, since 2000. During his leadership, ECE became a leading European shopping center operator.
By now, the company has 3,400 employees and operates in 12 countries with assets under management totaling approximately 32.3 billion euros.
Moreover, ECE is one of the leading developers of major real estate properties in Europe, focusing on office properties, hotels, logistics centers, and retail properties.
He is a member of the Supervisory Boards of Otto Group, DES Deutsche EuroShop AG, and SITE Centers in Cleveland/USA. He also sits on the Advisory Board of Peek & Cloppenburg KG Düsseldorf. Otto is a board member of the Harvard Business School Foundation of Germany.
Furthermore, Otto supports Youth and Disabled sports in Hamburg through his “Alexander Otto Sports Foundation.” He also initiated and funded the construction of an ice and ball sports arena and the HSV Soccer Academy in Hamburg.
As of March 2023, Alexander Otto’s net worth is estimated to be roughly $5.75 Billion.
Highlights
Here are some of the best highlights of Alexander Otto’s career:
- Executive Cheif Officer of ECE
- ECE has 3,400 employees and operates in 12 countries with assets under management totaling approximately 32.3 billion euros
- Chairman of Lebendige Stadt Foundation
Favorite Quotes From Alexander Otto
“The trends for 2013 that I see will be a very stable investment market that will be more active next year. There’s a lot of capital available at the moment that is looking for good assets. Assets will trade more in 2013 than in 2012. The public markets will be quite active given that currently there’s excellent pricing.” – Alexander Otto
“I think development will continue to be slow in the next year and times of difficult economic times. Development always has such the hardest.” – Alexander Otto
3 Strong Lessons From Alexander Otto
Now that you know all about Alexander Otto’s net worth and how he achieved success; let’s take at some of his strongest lessons that we can learn from him:
1. Nothing Comes Easy
Success isn’t easy, and that’s a good thing – at least in business. If it were easy, everybody would be doing it, and your competition would be outrageous.
2. Success
You always pass failure on the way to success.
3. Nothing Is Perfect
No one is perfect – that’s why pencils have erasers.
Frequently Asked Questions
How much is Alexander Otto worth?
Alexander Otto’s net worth is estimated to be $5.75 Billion.
How old is Alexander Otto?
Alexander Otto was born on July 7, 1967, and is currently 55 years old.
How tall is Alexander Otto?
Alexander Otto’s height is 1.74 m, which is equal to 5 ft 9 in.
Summary
Alexander Otto is a German businessman who is best known for being the executive chief of ECE.
Today ECE operates across Europe. By now, the company has 3,400 employees and operates in 12 countries with assets under management totaling approximately 32.3 billion euros.
As of March 2023, Alexander Otto’s net worth is estimated to be $5.75 Billion.
