What is Richard Oetker's Net Worth?
Richard Oetker is a German businessman who has a net worth of $1.7 billion. The son of Rudolf August Oetker, the man who was a driving force behind Germany's most recognizable brands – Dr. Oetker, Richard now leads the family dynasty built on baking and pudding powder. Today vastly diversified, the company includes some additional food products and expanded into beverages, as well as container shipping, financial services and luxury hotels. In numbers, Dr. Oetker employs 26,000 people and generates around $15 billion in annual revenue.
Just as the seven other beneficiaries to the Oetkers fortune, Richard received 12.5% of the Bielefeld-based Dr. Oetker. Even though the stakes were equally distributed, the siblings have never agreed over the management and future direction of Dr. Oetker. Precisely speaking, they can't decide who is going to succeed Richard upon his retirement, slated for late 2017.
