Rudolf August Oetker

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Rudolf August Oetker
Born 20 September 1916
Died 16 January 2007 (2007-01-17) (aged 90)
Nationality German
Occupation Owner and CEO, Oetker-Gruppe
Net worth US$8.0 billion (2006)[1]
Political party National Socialist German Workers' Party (1930s–45)
Children Richard Oetker
Relatives August Oetker (grandfather)

Rudolf August Oetker (20 September 1916 – 16 January 2007) was a German entrepreneur and Nazi who became a billionaire running his private food company Oetker-Gruppe, founded by his grandfather August Oetker

Biography[edit]

Early life[edit]

Oetker served in the Waffen-SS before he became the president of their family-run business in 1944, inherited from his grandfather August Oetker, who invented a popular mixture of baking powder.[2][3][4][5]

Career[edit]

Rudolf August Oetker elevated the company to a household name in Germany today. The Oetker-Gruppe was one of the symbols of the post-World War II recovery effort in the country.

Oetker retired as executive director in 1981, turning the position over to his son August Oetker (jr.).

In 2006, his net worth was estimated by Forbes at US$8.0 billion.[1]

Personal life[edit]

Oetker married three times and had eight children.[1] His son Richard became CEO in 2010.

In 2014, the Oetker business empire was valued at $12 billion, and each of his eight children inherited an equal share of 12.5%, or about $1.5 billion:[2]

After discovering Oetker's Nazi past, his children hired a provenance researcher to investigate the origins of his art collection and, in a widely praised action, have begun returning stolen or looted artworks to the heirs of their Jewish owners.[6]

See also[edit]

References[edit]

  1. ^ a b c "Rudolf August Oetker & family". Forbes. Retrieved 1 April 2016. 
  2. ^ a b de Jong, David (3 February 2014). "Nazi-Forged Fortune Creates Hidden German Billionaires". Bloomberg. Retrieved 1 April 2016. 
  3. ^ "German pizza giant Dr Oetker reveals Nazi-era past". BBC. BBC News. Retrieved 13 May 2017. 
  4. ^ "Dr. Oetker". Holocaust Online. Retrieved 13 May 2017. 
  5. ^ Kunstsammlung Rudolf-August Oetker. "The Rudolf-August Oetker collection compensates the Emma Budge heirs for a silver cup in the Oetker collection since 2009". Lootedart.com. Retrieved 21 May 2017. 
  6. ^ Hinckley, Catherine. "German Art Collectors Face a Painful Past: Do I Own Nazi Loot?". New York Times. New York Times. Retrieved 21 May 2017. 
  7. ^ HICKLEY, Catherine. "Dr Oetker returns Van Dyck portrait looted by Göring". http://theartnewspaper.com/. Archived from the original on 2 February 2017. Retrieved 10 May 2017.  External link in |website= (help)
  • Jungbluth, Rüdiger (2004). Die Oetkers (in German). Campus Verlag. ISBN 3-593-37396-3. 
  • Gotta, Frank (1981). Die deutsche Wirtschaftsprominenz 1981 von A-Z: Lexikon der 200 bedeutendsten zeitgenössischen Persönlichkeiten aus der Wirtschaft (in German). WEKA-Verlag. ISBN 3-8111-3046-3. 

External links[edit]