August Oetker
$2.7B
as of 02/11/22
About August Oetker
August Oetker owns 12.5% of Dr. August Oetker, a $9 billion (sales) conglomerate with interests in food, beverages, chemicals and hotels.
The business began in 1891 when his great-grandfather, pharmacist August Oetker, started selling non-perishable baking powder.
After World War II, August's father, former Nazi SS officer Rudolf August Oetker, developed additional food products and successfully diversified.
August studied economics and worked for the Lehmann Brothers in the 1970s, then returned to Germany to work at the family company.
In 2010, at age 69, he became the advisory board chairman. His son Philip is a board member.
Personal stats
Citizenship
GermanySource of wealth
consumer goodsResidence
Bielefeld, GermanyMarital status
MarriedBirth date
03/17/44 (age 80)Self-made
inherited and growingAugust Oetker’s fortune is worth
45K
troy ounces of gold
41K
median U.S. household
27K
median U.S. income
0.054%
U.S. credit card volume
0.011%
GDP of the United States
0.008%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
When Rudolf August passed away in 2007, at age 90, the company's ownership was divided between his eight children from three marriages.
Net worth over time
Real-time ranking
Images © Forbes.com. All rights reserved.