Michael Otto Head of the largest company "Otto Group" Date of Birth: 12.04.1943 Country: Germany

1. Biography of Michael Otto
2. Success in Mail Order Business
3. Diversifying through E-commerce
4. Passion and Values
5. Environmental Conservation and Promoting German-American Relations
6. Personal Life and Achievements

Biography of Michael Otto

Michael Otto, the head of the largest company "Otto Group," was born on April 12, 1943, in Kulm, during the Nazi occupation of Poland. He is the son of Werner Otto, who founded the company in 1949. With 75% of the company's shares, Michael Otto is the leader of Otto Group, which operates in over 20 countries worldwide and generates annual revenues in billions of dollars.

Success in Mail Order Business

Inspired by his father, Michael Otto revolutionized the mail-order business by introducing a catalog for ordering clothes. This innovation led to the wide popularity of sportswear brands such as Puma, Adidas, and Bogner.

Diversifying through E-commerce

Otto Group continues to expand its sales through internet retail, making it a leader in this field. The company encompasses numerous subsidiaries in major economic regions around the world. Their shared passion for success is the driving force behind the company, with a focus on united values.

Passion and Values

Otto Group's passion for success is based on four levels: a passion for customers, a passion for progress, a passion for sustainability, and a passion for integrated network organization. These levels form the guiding principles and self-expression of the company.

Environmental Conservation and Promoting German-American Relations

Michael Otto is a dedicated environmental advocate, and his company has long sold environmentally-friendly products. He supports a foundation that preserves the natural resources of the Elbe River. Additionally, he actively promotes German-American relations, playing an important role in the country's economy and politics.

Personal Life and Achievements

At 63 years old, Michael Otto resides in Hamburg, Germany. He is the father of two children. He and his family own properties in Canada and the United States, as well as several shopping centers in Germany. Although the Otto family previously owned Spiegel, Inc., they no longer have a stake in the company after its bankruptcy in 2003. With a personal net worth of $16.6 billion, Michael Otto's achievements and contributions continue to leave a lasting impact.