Net Worth of Otter House in August
Net worth of Otter’s family in August: August Oetker is a German billionaire with a net worth of $1.7 billion. August Oetker takes his place among the world’s billionaires as one of the heirs to Oekter’s baking and pudding-based fortune. Widely diversified over the years, Dr. Otters is a limited partnership with approximately 26,000 employees in its subsidiaries and approximately $15 billion in annual revenue.
Founded in 1891 by pharmacist August Oetker, the company began selling non-perishable baking powder. August left the helm of Dr. Oetker to his grandson Rudolf August Oetker, who became the driving force behind one of Germany’s best-known brands. From the family history of “Die Oetkers” it can be concluded that the Dr. Oetkers produced over 750 million packets of baking powder and pudding powder in 1950. The company expanded further, adding a wide variety of food and even beverages, as well as container shipping, financial services and luxury hotels. August entered the Billionaires List in 1987 and served as General Partner of Dr. Otters and Chairman of the Executive Board of the Foods Division of Dr. Otters from 1981 to 2009. As with the other seven heirs of the family In 2007, when Rudolf August Oetker died, he did acquire a 12.5% stake in Dr. Oetker in Bielefeld. While competition for succession remains, August Autodesk continues to serve as chairman of the advisory board, which he took over in 2010.
