Age, Biography and Wiki
| Birth Day | February 09, 1948 |
| Birth Place | Luzerne, Switzerland, Germany |
| Age | 75 YEARS OLD |
| Birth Sign | Pisces |
| Residence | Lucerne, Switzerland |
| Alma mater | RWTH Aachen University |
| Spouse(s) | married |
| Children | 6 |
Net worth: $2.9 Billion (2024)
Otto Happel, a prominent figure in the field of Construction & Engineering in Germany, is projected to possess a staggering net worth of $2.9 billion by 2024. As a seasoned professional in the industry, Happel has established himself as a prominent entrepreneur, garnering significant wealth through his successful ventures. With his extensive experience and expertise, he has played an instrumental role in shaping the construction and engineering landscape in Germany. Happel's remarkable net worth exemplifies his remarkable business acumen and serves as a testament to his invaluable contributions to the field.
2009 $2.7 Billion 2010 $2.8 Billion 2011 $2.9 Billion 2012 $2.9 Billion 2013 $3 Billion 2014 $3.3 Billion 2015 $2.7 Billion 2016 $2.8 Billion 2017 $2.7 Billion 2018 $3.18 BillionSome Otto Happel images
Biography/Timeline
1974In 1974, Happel became CEO of GEA Group, a small family Business established by his Father in 1920.
1989Over the next 25 years, he transformed GEA into a global system supplier and introduced machinery and plants for the food processing industry, Energy industry, air-conditioning and refrigeration industry. After making over 70 acquisitions, GEA had over 200 subsidiaries in 60 countries. In 1989 he took his company public at the Frankfurt stock exchange, but kept the majority of the voting stock in the family. By 1999, Happel had increased GEA's revenues to over €2.56 billion, as well as its net earnings proportionally.
1993Happel maintains his family office Luserve AG in Lucerne, Switzerland. He served as a member of the supervisory board at Commerzbank from May 1993 until April 2013.
1999In 1999 he sold his controlling stake to Germany’s MG Technologies, became the major shareholder of MG Technologies and, once MG Technologies was merged into GEA Group AG, sold his remaining stake to institutional Investors in 2006. GEA Group AG is the largest listed German machinery manufacturer and is broadly Diversified. In 2016, it accounted for revenues of approximately EUR 4,5 bn and employed approximately 17,000 people.
2017As of March 2017, Forbes estimated his net worth at US$2.7 billion.
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1948 births Living people People from Bochum People from Lucerne RWTH Aachen University alumni German billionaires German chief executives German expatriates in SwitzerlandncG1vNJzZmivp6x7qrDOpaWerKekv7W0jZympmefqcGweceap6mdnGK7psCMsKarrJhignJ%2Bj24%3D