Christian Oetker’s profile picture

Christian Oetker

Christian Oetker’s profile picture
Net worth 2018: $2.39 Billion
Residence: Bielefeld, Germany
Country: Germany
BIOGRAPHY

Christian Oetker was born in Bielefeld, Germany, Germany. Christian Oetker is #1020 in List Billionaires People In The World. The Oetker fortune -- of which Christian Oetker is one of eight billionaire beneficiaries -- was built on baking and pudding powder. Now broadly diversified, Dr August Oetker KG -- a holding company whose subsidiaries employ some 26,000 people and generate around $15 billion in annual revenue -- traces its roots to 1891, when August Oetker, a pharmacist, started selling non-perishable baking powder. After World War II, his grandson Rudolf August Oetker, a former Nazi SS officer, quickly rose to prominence as the driving force behind one of Germany's most recognizable brands. In 1950, according to the family history "Die Oetkers," Oetker produced more than 750 million packages of baking and pudding powder. Personifying Germany's Wirtschaftswunder, or economic miracle, he developed additional food products and expanded into beverages, container shipping, financial services and luxury hotels. He died in 2007, at age 90, leaving eight children from three marriages. The heirs, who along with their families each own 12.5% percent of the conglomerate, have disagreed over the management and future direction of Oetker, however. Split into two camps, the rivalry is between the children from Rudolf August's first two marriages -- Christian, August and Richard Oetker, plus Rosely Schweizer and Bergit Graefin Douglas -- and the siblings from the third marriage: Alfred, Carl Ferdinand and Julia Oetker. Alfred was expected to take over as general partner from his half-brother August in 2010, but he was blocked by the older siblings, who instead crowned Richard Oetker. In January 2015, with a proxy fight pending before an arbitration tribunal, the groups agreed to recruit an outside CEO when Richard retires in 2017. Christian is retired. He was responsible for the food division's market research.

NET WORTH STATISTIC
2014

$1.65 Billion

2015

$1.3 Billion

2016

$2.1 Billion

2017

$2 Billion

2018

$2.39 Billion

(4.6/111 votes)
Related Person
Masateru Uno’s profile picture
Masateru Uno
Net Worth is $2.07 Billion
Stephen Rubin’s profile picture
Stephen Rubin
Net Worth is $2.03 Billion
Yuan Yafei’s profile picture
Yuan Yafei
Net Worth is $1.92 Billion
Horst Wortmann’s profile picture
Horst Wortmann
Net Worth is $1.88 Billion
William Lauder’s profile picture
William Lauder
Net Worth is $1.87 Billion
Bernd Freier’s profile picture
Bernd Freier
Net Worth is $1.85 Billion