$3 Billion         |         Rank #984

Who is Otto Happel

In 1999, he sold his 50.1% GEA stake to Germany’s MG Technologies for around $775 million in cash and kept a 10% interest in the combined group.
In 2005, the company renamed itself GEA Group. Happel cashed out in 2006, selling his remaining stake to institutional investors for $700 million.
In 2015, he attended the World Economic Forum in his role as chairman of the Swiss private wealth management firm Luserve AG. Otto Happel is from those few lucky persons who were born rich. He has inherited most of the part of his Wealth. Which leads to the fact that it was comparatively easy for Otto Happel to make it into the worldwide list of billionaires and is among the wealthiest persons on earth. He is currently 74.0 years old. Otto Happel, who studied engineering, inherited his father’s dust-removal business and turned it into thermal engineering firm GEA. As of today, Otto Happel’s net worth is roughly 3 Billion.

Facts about Otto Happel

To find out what is Otto Happel Net Worth, how he got there and what is Otto Happel Salary Per Day, Career, Biography and Childhood details, continue reading below.

Early Life of Otto Happel

Otto Happel was born on 09-02-48 in Germany. But soon moved to Switzerland, nan in the city of Luzerne and spent most of the career building here. He has a super-yacht named Hetairos and lives in Switzerland with his wife and six children. A foundation in his name supports projects in the developing world.

Otto Happel net worth is estimated at 3 Billion Billion to date.

Professional Journey

You will see him often in social media.  Otto Happel, who studied engineering, inherited his father’s dust-removal business and turned it into thermal engineering firm GEA. There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. He has a super-yacht named Hetairos and lives in Switzerland with his wife and six children. In his youth, he was adventurous but unknown, but that was years ago. In 1999, he sold his 50.1% GEA stake to Germany’s MG Technologies for around $775 million in cash and kept a 10% interest in the combined group.
In 2005, the company renamed itself GEA Group. Happel cashed out in 2006, selling his remaining stake to institutional investors for $700 million.
In 2015, he attended the World Economic Forum in his role as chairman of the Swiss private wealth management firm Luserve AG. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Otto Happel, who studied engineering, inherited his father’s dust-removal business and turned it into thermal engineering firm GEA.
It will not be wrong if we say that Otto Happel is one of the granted billionaires who inherited most part of the wealth and stands at 984 in most wealthiest persons in the world.

FAQs

Here are a few most frequently asked questions about Otto Happel:

How much is Otto Happel worth?

Otto Happel’s net worth is estimated to be 3 Billion.

How old is Otto Happel?

Otto Happel was born on 09-02-48, and is currently 74.0 years old.

What is Otto Happel source of income?

Otto Happel acquires most part of his wealth from engineering.
 

Concluding Otto Happel Net Worth

Currently with a net worth of 3 Billion, Otto Happel stands at 984 in the world billionaires list. And draws most of his wealth from engineering. Hope you like this information about Otto Happel. If you like this, then please share it with your friends. This above post is all about the estimated worth of Otto Happel. Do you have any queries? Feel free to ask via comment section.

Disclaimer: Please keep in mind that this is an estimated net worth of Otto Happel. Actual worth may vary a little. You can always get information by checking out Leaktown.com.