Otto Beisheim

Otto Beisheim

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

Beisheim was born the son of an estate manager. He did an apprenticeship as a leather goods merchant. During World War II Beisheim served in the 1st SS Division Leibstandarte SS Adolf Hitler. Beisheim was a SS-Sturmmann (corresponds Gefreiter) in an artillery regiment of the "Leibstandarte". After the Second World War, Otto Beisheim worked as general manager of the electrical trade company Stocker & Reinshagen, in Mülheim an der Ruhr, whos The first Metro store opened in November 1963 in Essen-Altenessen, CEO was there from 1963 to 1970 Walter Vieth. The first Metro Market, opened in November 1963 in Essen-Altenessen. In 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. Otto Beisheim lived in Baar, Switzerland, whose citizenship he accepted in 1988. Beisheim had a second home in Rottach-Egern, a town on Lake Tegernsee, Germany.

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