August Oetker
August Oetker owns 12.5% of Dr. August Oetker, a $14 billion (sales) conglomerate with interests in food, beverages, financial services and hotels.
The business began in 1891 when his great-grandfather, pharmacist August Oetker, started selling non-perishable baking powder.
After World War II, August’s father, former Nazi SS officer Rudolf August Oetker, developed additional food products and successfully diversified.
August studied economics and worked for the Lehmann Brothers in the 1970s, then returned to Germany to work at the family company.
In 2010, at age 69, he became the advisory board chairman.
