Otto Beisheim

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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]

World War II

During World War II Beisheim served in the 1st SS Division Leibstandarte SS Adolf Hitler.[3] Beisheim was a SS-Sturmmann (corresponds Private) in an artillery regiment of the "Leibstandarte".[4]

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 sold 5.2% of the shares of Metro AG to various national and international investors; a further 3.1% could be sold.[5]

Philanthropy

The WHU-Otto Beisheim School of Management, in Koblenz is named after him.[6][7][8]

References

  1. ^ Julie Cruz (18 February 2013). "Metro's Billionaire Founder Otto Beisheim Dies, Aged 89". Bloomberg.
  2. ^ http://www.forbes.com/lists/2010/10/billionaires-2010_Otto-Beisheim_SEMX.html?partner=contextstory
  3. ^ Metro Gründer:Otto BEisheim ist tot Der Spiegel
  4. ^ taz: Beisheim darf Schulnamen doch kaufen, 16. November 2005
  5. ^ http://www.marketwatch.com/story/otto-beisheim-sells-52-stake-in-metro-ag-2009-10-07
  6. ^ http://www.whu.edu/cms/index.php?id=433
  7. ^ http://www.topuniversities.com/university/322/whu-otto-beisheim-school-of-management---koblenz
  8. ^ http://rankings.ft.com/businessschoolrankings/kelloggwhu-otto-beisheim-school

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