Otto Beisheim
Otto Beisheim | |
---|---|
Born | Germany | January 3, 1924
Died | February 18, 2013 Germany | (aged 89)
Nationality | German |
Occupation | Businessman |
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]
Early life[]
In October 1942, Otto Besheim voluntarily joined the Waffen-SS. During this time, he temporarily served as Sturmmann (Private) in the SS Division Leibstandarte[3] in an artillery regiment on the Eastern Front.[4][5] There is no historical indication that he was involved in war crimes during his assignment with the Waffen-SS.[6] In 1943, Beisheim incurred a light injury in July in the battle of Kursk in July 1943, and a severe injury in December near Berdičev. In July 1944, following an extensive period of recovery in various military hospitals, Beisheim served as a Private in an administrative unit before he was taken as a British prisoner of war in May 1945. He was released in March 1946.[5]
Career[]
After the war, Beisheim went into 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 5.2% of the shares of Metro AG to various national and international investors; a further 3.1% could be sold.[7] The WHU – Otto Beisheim School of Management, in Koblenz is named after him.[8][9][10]
Death[]
on February 18, 2013, Beisheim committed suicide in his home in Rottach-Egern, Germany. The Bisheim Group issued a statement that Bisheim chose to take his own life after being diagnosed with a terminal illness.
References[]
- ^ Cruz, Julie (18 February 2013). "Metro's Billionaire Founder Otto Beisheim Dies, Aged 89". Bloomberg.
- ^ "#249 Otto Beisheim". Forbes. 10 March 2010.
- ^ Metro Gründer:Otto BEisheim ist tot Der Spiegel
- ^ Seidel, Hagen (18 February 2013). "Otto Beisheim: Freitod eines Milliardärs, den kaum einer kannte". Die Welt (in German). Retrieved 16 July 2020.
- ^ Jump up to: a b Hägler, Max (16 November 2005). "Beisheim darf Schulnamen doch kaufen". die tageszeitung (in German). p. 7.
- ^ Scholtyseck, Joachim (2020). Otto Beisheim. Jugend, Soldatenzeit und Entwicklung zum Handelspionier (in German). Paderborn, Germany: Ferdinand Schöningh. ISBN 978-3-506-70429-0.
- ^ Lesova, Polya (7 October 2009). "Otto Beisheim sells 5.2% stake in Metro AG". MarketWatch. Retrieved 30 June 2020.
- ^ "Schriftenreihe - WHU – Otto Beisheim School of Management". www.whu.edu. Retrieved 30 June 2020.
- ^ "Archived copy". Archived from the original on 24 November 2010. Retrieved 19 March 2010.CS1 maint: archived copy as title (link)
- ^ "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 30 June 2020.
- Businesspeople from Düsseldorf
- German billionaires
- 1924 births
- 2013 deaths
- Suicides in Germany
- Waffen-SS personnel
- Commanders Crosses of the Order of Merit of the Federal Republic of Germany
- Recipients of the Order of Merit of Berlin
- German philanthropists
- Metro Group people
- 20th-century philanthropists
- German business biography stubs