What is Julia Oetker's Net Worth?
Julia Oetker is a German businesswoman who has a net worth of $1.7 billion. Julia is the youngest of the eight heirs to the Oetker fortune that was generated on baking and pudding powder. Vastly diversified today, Dr. Oetker is a holding company with subsidiaries that employ around 26,000 people and generate some $15 billion in annual revenue. What was started in 1891 as baking powder producer today includes a great variety of food products, beverages, as well as container shipping, financial services and luxury hotels. It was Rudolf August Oetker who made the brand reach global dimensions, serving as chairman of the company's advisory board until his death in 2007. Since he left behind eight children from three marriages, Rudolf August made sure each of his heirs and their families receive equal share of the Bielefeld-based Dr. Oetker, i.e., 12.5%.
However, the fair distribution of shares has not proven to be a magic potion for harmony. The siblings are still at unease about the management and future direction of Oetker. Their rivalry is so extreme that the question of who will lead the company after Richard Oetker, who is due to retire at the end of 2017, has been brought to an arbitration tribunal. The Oetkers beneficiaries are split in two groups: Rosely Schweizer, August, Christian and Richard Oetker and Bergit Gräfin Douglas; and the siblings from the third marriage: Julia, Carl Ferdinand and Alfred Oetker. Aside from being involved in the ongoing Oetkers' quarrel, Julia is married to the Italian count José Antonio Sigurtà.
