Werner Otto, German entrepreneur , died he was 102.

Werner Otto was a German entrepreneur  died he was 102.. He founded Otto GmbH in 1949, which eventually became the world’s largest mail order group.^[1] Otto and his family persistently ranked among the wealthiest Germans.

In the 1960`s he started the Sagitta Group, today's Park Property,^[2] one of the largest real estate companies in Canada.

(13 August 1909 – 21 December 2011)

Through his North American experiences, Werner Otto got the idea to found another enterprise, the ECE,^[3] which builds and manages shopping malls and got into the leading position in this business in Europe.
In his range of social causes he founded in 1969 the Werner Otto Foundation, which supports medical research.^[4]
In 1973, when he was over 60, Werner Otto developed the Paramount Group in New York, to invest in U.S. real estate.^[5]
At Harvard University he donated a new museum building, the Werner Otto Hall, for the art of German Expressionism, out of the Busch-Reisinger Museum.^[6]



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