Otto Happel Net Worth is$3 Billion
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Profession: Businessperson
Nationality: Germany
Date of Birth: 1948-02-09
Place of Birth: Bochum
Otto Happel Net Worth: Otto Happel is a German entrepreneur who has a net worth of $3 billion. Born on 9 February 1948, in Bochum, Germany, Happel is an only heir of his father Otto Happel Sr., a founder of GEA Happel. After the death of his father, his mother Elizabeth took over the company, and in 1975, the management was given to Happel. In 1999, he sold the company to Metallgesellschaft (MG) for $1 billion, but he kept an interest of 21% in the combined group. Six years later, the company was renamed into GEA Group, and the next year, Happel sold the rest of his shares for $630 million. Known as a passionate sailor, he is an owner of a yacht called Hetairos, and also, Happel has a luxury resort in the Seychelles, named Fregate Island. Moreover, he holds a foundation that supports development projects in the developing world.
Otto Happel (* 9. Februar 1948 in Bochum) ist ein deutscher Unternehmer. Er ist der Sohn von Otto Happel sen. und Elisabeth Happel. Sein Vater gr? 1/4 ndete 1920 in Bochum die Gesellschaft f? 1/4 r Entstaubungsanlagen, einen Vorl??ufer der GEA Group, deren Leitung nach seinem Tode am 26. Dezember 1948 zun??chst Elisabeth Happel ? 1/4 bernahm. 1975 erfolgt die ??bergabe der Gesch??ftsf? 1/4 hrung an den Sohn Otto Happel, der das Unternehmen erfolgreich leitete und ausbaute. 1989 erfolgte die Umwandlung in eine Aktiengesellschaft. Heute besch??ftigt die Firma etwa 20.000 Mitarbeiter. Im Februar 1999 verkaufte Happel seine GEA-Aktien f? 1/4 r 1,5 Milliarden Euro an die Metallgesellschaft (MG).
Happel hat seinen ersten Wohnsitz in Meggen/Luzern und ist Besitzer der Seychellen-Insel Fr?(C)gate. In der Forbes-Liste der reichsten Menschen der Welt wurde er im M??rz 2006 auf Platz 346 gef? 1/4 hrt. Er ist verheiratet und hat sechs Kinder.

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Otto Happel Latest News

GEA Denco officially becomes DencoHappel

The name Happel goes back to the GEA founder, Otto Happel. Many companies bear the term Happel in their name." All contact and phone numbers will remain the same, simply replace with in emails. DencoHappel has over 1,700 employees ...
Posted: August 4, 2015, 5:00 pm

Speak Softly--and Mount a Coup d'Etat

Otto Happel, who owns 20% of Frankfurt-based MG Technologies, the big German engineering and chemicals conglomerate, is known as a shy billionaire who prefers long voyages on his yacht to boardroom brawls. His low-key style is poles apart from the kick ...
Posted: May 11, 2003, 9:00 pm

Claiming Fraud, MG Shareholder Intensifies Efforts to Remove CEO

Otto Happel accused the head of the chemicals and industrial-equipment maker, formerly known as Metallgesellschaft, of mismanagement and accounting fraud. He claims, among...
Posted: March 29, 2001, 4:01 am
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