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Otto Beisheim

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Otto Beisheim
Born(1924-01-03)3 January 1924
Germany
Died18 February 2013(2013-02-18) (aged 89)
Germany
NationalityGerman
OccupationBusinessman

Otto Beisheim (3 January 1924 – 18 February 2013[1]) was a German businessman and founder of Metro AG. In 2010, his net worth was estimated at US$3.6 billion.[2]

Early life

In October 1942, Otto Besheim voluntarily joined the Waffen-SS. During this time, he temporarily served as Sturmmann (Private) in the SS Division Leibstandarte[3] in an artillery regiment on the Eastern Front.[4][5] There is no historical indication that he was involved in war crimes during his assignment with the Waffen-SS.[6] In 1943, Beisheim incurred a light injury in July in the Battle of Kursk in July 1943, and a severe injury in December near Berdychiv. In July 1944, following an extensive period of recovery in various military hospitals, Beisheim served as a Private in an administrative unit before he was taken as a British prisoner of war in May 1945. He was released in March 1946.[5]

Career

After the war, Beisheim went into business. The first Metro Market opened in November 1963 in Essen-Altenessen. On 10 January 2004, Beisheim Center was officially opened on the northwest side of Potsdamer Platz in Berlin, built for 463 million euros, and including the Ritz-Carlton and Marriott chains.

In 2009, he sold 5.2% of the shares of Metro AG to various national and international investors; a further 3.1% could be sold.[7] The WHU – Otto Beisheim School of Management, in Vallendar is named after him.[8][9][10]

Death

On 18 February 2013 Beisheim committed suicide in his home in Rottach-Egern, Germany. The Bisheim Group issued a statement that Bisheim chose to take his own life after being diagnosed with a terminal illness.

References

  1. ^ Cruz, Julie (18 February 2013). "Metro's Billionaire Founder Otto Beisheim Dies, Aged 89". Bloomberg L.P.
  2. ^ "#249 Otto Beisheim". Forbes. 10 March 2010.
  3. ^ Metro Gründer:Otto BEisheim ist tot Der Spiegel
  4. ^ Seidel, Hagen (18 February 2013). "Otto Beisheim: Freitod eines Milliardärs, den kaum einer kannte". Die Welt (in German). Retrieved 16 July 2020.
  5. ^ a b Hägler, Max (16 November 2005). "Beisheim darf Schulnamen doch kaufen". die tageszeitung (in German). p. 7.
  6. ^ Scholtyseck, Joachim (2020). Otto Beisheim. Jugend, Soldatenzeit und Entwicklung zum Handelspionier (in German). Paderborn, Germany: Ferdinand Schöningh. ISBN 978-3-506-70429-0.
  7. ^ Lesova, Polya (7 October 2009). "Otto Beisheim sells 5.2% stake in Metro AG". MarketWatch. Retrieved 30 June 2020.
  8. ^ "Schriftenreihe – WHU – Otto Beisheim School of Management". whu.edu. Retrieved 30 June 2020.
  9. ^ "Top Universities". Archived from the original on 24 November 2010. Retrieved 19 March 2010.
  10. ^ "Business school rankings from the Financial Times – FT.com". rankings.ft.com. Retrieved 30 June 2020.


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