Richard Oetker
$2.7B
as of 02/11/22
About Richard Oetker
Richard Oetker owns 12.5% of Dr. August Oetker, an $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, Richard's father, former Nazi SS officer Rudolf August Oetker, developed additional food products and successfully diversified.
Brother Alfred was expected to take over as general partner in 2010, but he was blocked by older siblings, who instead crowned Richard.
In 2015, with a proxy fight pending before arbitrators, the groups agreed to recruit an outside CEO when Richard retired, which he did in 2017.
Personal stats
Citizenship
GermanySource of wealth
consumer goodsResidence
Bielefeld, GermanyBirth date
01/04/51 (age 73)Self-made
inherited and growingRichard 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
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