Age, Biography and Wiki
| Birth Day | January 06, 1862 |
| Birth Place | Bielefeld, Germany, Germany |
| Age | 157 YEARS OLD |
| Died On | January 10, 1918 (1918-01-11) (aged 56)\nBielefeld, Germany |
| Birth Sign | Aquarius |
| Occupation | Food scientist |
| Relatives | Rudolf August Oetker (grandson) |
Net worth: $2.7 Billion (2024)
August Oetker, a prominent figure in the Fashion & Retail industry in Germany, is estimated to have a net worth of $2.7 billion by 2024. As a member of the renowned Oetker family, which owns the diversified conglomerate Dr. Oetker, August is a key player in the family business as well as the fashion and retail sectors. With a strong financial background and a keen eye for growth opportunities, Oetker has successfully expanded the family's wealth and influence in various business ventures. His astute leadership and entrepreneurial skills have contributed significantly to his substantial net worth and solidified his reputation as a prominent figure in the German business landscape.
Biography/Timeline
August Oetker was born on January 6, 1862 in Obernkirchen, Germany.
In 1891, he bought the Aschoffsche pharmacy in Bielefeld and developed a baking agent, which was designed to ensure the success of the baking process. Prior to Oetker, Justus von Liebig and his American student, Eben Horsford, had already discovered baking powder. However, Oetker targeted mainly private households with his products whereas Horsford targeted bakeries.
Due to successful marketing, his products sold quite well and soon the old pharmacy had turned into a successful company. In 1900, he built his first Manufacturing plant and by 1906 had sold 50 million packages of Backin.
From 1893, he distributed his invention under the brand name Backin, thus laying the basis for the family-owned company, called Oetker-Gruppe. This company still uses the very same recipe to produce baking powder. On September 21, 1903, Oetker filed a patent for his Procedure for making long-lasting baking powder or ready-to-bake flour.
He died on January 10, 1918 in Bielefeld, Germany. Later, Oetker's grandson Rudolf August Oetker took over the company.
Some August Oetker images
