Maren Otto
$2.96B
as of 10/04/24
About Maren Otto
Maren Otto is the third wife of the late Werner Otto, who began a retail empire by founding a mail-order business in Hamburg in 1949.
She inherited a stake in the family's Otto Group and its more than 40 companies in retail (Crate and Barrel), real estate and financial services.
She's also a shareholder of ECE, the family's commercial real estate company focused on shopping centers. Her stepson Alexander is CEO.
With Alexander and her daughter, Katharina, she shares a 14% stake in Paramount Group, which owns and manages office properties in the U.S.
Katharina, Alexander and her other stepson, Michael, are also billionaires.
Personal stats
Citizenship
GermanySource of wealth
Retail, real estateResidence
Berlin, GermanyMarital status
WidowedSelf-made
inheritedMaren Otto’s fortune is worth
49K
troy ounces of gold
45K
median U.S. household
30K
median U.S. income
0.059%
U.S. credit card volume
0.012%
GDP of the United States
0.009%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Her daughter, Katharina Otto-Bernstein, writes and produces art movies in the U.S.
Net worth over time
Real-time ranking
Financial assets
NYSE | PGRE-US
Paramount GroupImages © Forbes.com. All rights reserved.