Otto Happel • Net Worth $3.2 Billion • House • Yacht • Private Jet • GEA Group

Name:Otto Happel
Net Worth:$3 billion
Source of Wealth:GEA Group (sold)
Born:February 9, 1948
Country:Germany
Spouse:Unknown
Children:Ulrike Happel, Felix Happel
Residence:Meggen, CH
Private Jet:HB-JOE Gulfstream G550
Yacht:Hetairos

Who is Otto Happel?

He 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)

GEA GROUP

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.

Sources

OttoHappel – Wikipedia

https://www.forbes.com/profile/ottohappel/

Otto Happel


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Otto Happel House

Otto Happel Yacht


He is the owner of the sailing yacht Hetairos.