Introduction
Margarete Otto-Körner was known as a versatile entrepreneur who won numerous accolades in her lifetime. Her legacy ranges from her successful business empire to her charitable contributions to society. However, there was one thing that was never spoken about – her net worth. It’s only in recent years that her hidden riches have been revealed. This blog post aims to take you through Margarete Otto-Körner’s success story and unveil her hidden riches.
Who was Margarete Otto-Körner?
Margarete Otto-Körner was a German businesswoman who was born in 1925. Her journey started as a trainee at the Hanover headquarters of the Ernst Klett Verlag publishing house. Later she flew to Switzerland and explored jobs in the banking and printing industry. She then returned to Germany and founded her own small business empire.
Her Business Empire
Margarete Otto-Körner’s first business venture was a publishing company in Hanover, which she started with her husband. They then founded the Otto Group which grew to become one of the largest mail-order companies in Germany. The company later expanded to become a huge e-commerce organization, with customers across the globe.
Margarete Otto-Körner’s success wasn’t just limited to e-commerce. She founded the Margarete Körner Foundation, which focused on supporting social welfare projects.
Margarete Otto-Körner’s Hidden Riches
Margarete Otto-Körner’s net worth was never really discussed during her lifetime, despite her success in business. It wasn’t until recent years that her hidden riches were unveiled. In 2017, she was ranked amongst the richest women in Germany when her net worth was estimated to be around $1.2 billion.
Her Charity Work
Margarete Otto-Körner was also known for her philanthropic contributions. She established the Margarete Körner Foundation in 1965, which aimed to help people in need by supporting social welfare projects. The foundation has been involved in several charity projects, including those to help the elderly, children, and refugees.
Her Business Philosophy
Margarete Otto-Körner’s approach to business was very unique. She believed that success should not be measured by just the financial profits made but also by the positive impact that one has on society. She incorporated this philosophy into her business ventures, which played a crucial role in the success of her businesses.
FAQs
Q1. What was Margarete Otto-Körner net worth?
A1. Margarete Otto-Körner’s net worth was estimated to be around $1.2 billion.
Q2. What kind of businesses did Margarete Otto-Körner establish?
A2. Margarete Otto-Körner established a publishing company and then went on to establish the Otto Group, which grew to become one of the largest mail-order and e-commerce companies in Germany.
Q3. What was the Margarete Körner Foundation?
A3. The Margarete Körner Foundation was established by Margarete Otto-Körner and was mainly focused on supporting social welfare projects.
Q4. What was Margarete Otto-Körner’s approach to business?
A4. Margarete Otto-Körner believed that success should not be measured by just the financial profits made, but also by the positive impact that one has on society.
Q5. What did Margarete Otto-Körner’s philanthropic contributions entail?
A5. Margarete Otto-Körner’s philanthropic contributions focused mainly on supporting social welfare projects such as those aimed at helping the elderly, children, and refugees.
Q6. When was the Margarete Körner Foundation established?
A6. The Margarete Körner Foundation was established in 1965.
Q7. What other industries did Margarete Otto-Körner work in?
A7. Before establishing her own businesses, Margarete Otto-Körner had explored other industries such as banking and printing.
Conclusion
Margarete Otto-Körner was a successful German entrepreneur who won numerous awards and accolades in her lifetime. Her success wasn’t just limited to business; she was also known for her philanthropic contributions. Margarete Otto-Körner’s net worth was never discussed during her lifetime. However, recent estimates indicate that her net worth was around $1.2 billion. Her success story and philosophy continue to inspire many young entrepreneurs today.