| Name: | Otto Happel |
| Net Worth: | $3 billion |
| Source of Wealth: | GEA Group (sold) |
| Born: | February 9, 1948 |
| Age: | |
| Country: | Germany |
| Wife: | Unknown |
| Children: | Ulrike Happel, Felix Happel |
| Residence: | Meggen, CH |
| Private Jet: | HB-JOE Gulfstream G550 (sold in 2022) |
| Yacht: | Hetairos |
Otto Happel, born on February 9, 1948, is a prominent figure known for his transformative work as the former owner and CEO of the German GEA Group. Happel’s stewardship positioned the GEA Group as a global system supplier for the food, dairy, and beverages industry, thus redefining industry standards. His personal life mirrors his professional dedication – Happel is a family man, married with two children, Ulrike Happel and Felix Happel.
GEA Group AG, also known as Gesellschaft für Entstaubungsanlagen, is an international frontrunner renowned for building machinery and plants for the food, dairy, and beverage industry. This dynamic conglomerate offers a wide variety of processing systems, including innovative milk robots, efficient meat processing lines, advanced bottling machines, bespoke bakery lines, and comprehensive breweries.
The GEA Group’s journey began under the auspices of Otto’s father in 1920. Otto Happel assumed the helm in 1974, ushering in a transformative era that saw the company blossom into a sprawling conglomerate. Under his leadership, the GEA Group flourished, boasting over 18,000 employees and more than $5 billion in annual sales.
In 1989, the company made its debut on the stock market, providing a significant monetary boon for the family—$750 million to be exact. However, the family retained a controlling stake in the company. Following a merger with MG Technologies, Happel sold his remaining stake to investors, earning an additional $750 million.
Through his strategic leadership, visionary business acumen, and unwavering commitment, Otto Happel has built an impressive fortune. His net worth is estimated to be a staggering $3 billion, reflecting his monumental success in the industrial sector and his strategic investment decisions.
https://www.forbes.com/profile/ottohappel/
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He lives in a large waterfront house in Meggen, Switzerland (near Luzern). Bet we have not yet been able to identify his residence.
Nestled in the heart of Switzerland, Meggen is a picturesque municipality in the district of Lucerne. Known for its lush green landscapes and beautiful lake views, this serene locale offers a tranquil retreat from the hustle and bustle of city life.
Meggen is home to several historic landmarks, including the St. Pius X Church and the Meggenhorn Castle, adding to its quaint charm. The town’s proximity to Lake Lucerne offers ample recreational activities, such as boating and fishing. Locals and visitors alike appreciate Meggen for its fine dining options, boasting traditional Swiss cuisine.
Moreover, its proximity to Lucerne city allows easy access to urban amenities, while preserving its tranquil charm. With a unique blend of nature, history, and modern convenience, Meggen truly embodies the essence of Swiss living.
He is the owner of the sailing yacht Hetairos.
The Hetairos Yacht was built by Baltic Yachts in 2011 and is designed by Dykstra Naval Architects.
The yacht is equipped with Volkswagen Marine engines, reaching a max speed of 14 knots and a cruising speed of 11 knots.
It offers a luxurious accommodation capacity for 10 guests and a crew of 10.
He was the owner of a Gulfstream G550 private jet, with registration HB-JOE. The aircraft is based in Switzerland. In 2022 the aircraft was sold and registered in the USA.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
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Super Yacht Owners Database 2025
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