Who is Otto Happel?
Otto Happel is the former owner and CEO of the German GEA Group. He was born on February 9, 1948. He is married and has two children (Ulrike Happel and Felix Happel)
The GEA Group AG (Gesellschaft für Entstaubungsanlagen) is a global system supplier for the food, dairy and beverages industry. It builds machinery and plants.
The company produces milk robots, meat processing lines, bottling machines, bakery lines, breweries and many other processing systems.
GEA was founded by Otto’s father in 1920. Otto took over in 1974 and grew the company into a large conglomerate with more than 18,000 employees and more than $5 billion in annual sales.
The company became stock-listed in 1989, with the family earning $750 million but keeping a controlling stake. After a merger with MG Technologies, Happel sold his remaining stake to investors for another $750 million.
Otto Happel Net Worth
His net worth is estimated at $3 billion.
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Otto Happel House
He lives in a large waterfront house in Meggen, Switzerland (near Luzern). Bet we have not yet been able to identify his residence.
Otto Happel Yacht
He is the owner of a Gulfstream G550 private jet, with registration HB-JOE. The aircraft is based in Switzerland.