Otto Beisheim was born in Germany. 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. Beisheim manages Beisheim Holding Schweiz AG, which invests in Internet and technology companies. He also owns Beisheim Center, a high-end complex in Berlin with apartments, office buildings, two five-star hotels, shops and cafes. Beisheim maintains homes in Switzerland, Paris and Germany's Rottach-Egern. A former widower with no children, he remarried in 2008 to new wife, Lise Evers. During the winter, he resides in Miami.
On 10 January 2004, Beisheim Center was officially opened on the northwest side of Potsdamer Platz in Berlin, built for 463 million euros, and including the Ritz-Carlton and Marriott chains
The first Metro Market, opened in November 1963 in Essen-Altenessen
Otto Beisheim (3 January 1924 – 18 February 2013) was a German businessman and founder of Metro AG