August Oetker Net Worth

From the family history “Die Oetkers”, it was concluded that Dr. Oetker produced over 750 million packages of baking and pudding powder in 1950. The company has expanded further adding a great variety of food products and even beverages, as well as container shipping, financial services and luxury hotels. August, who entered the billionaires’ rankings in 1987, served as a general partner of Dr. Oetker and chairman of the executive board of the conglomerate’s food division, Dr. Oetker GmbH from 1981 to 2009. Just as the other seven heirs to the family fortune, he did receive his 12.5% percent of the Bielefeld-based Dr. Oetker in 2007 when Rudolf August Oetker died. While the rivalry between the heirs lingers, August Oetker continues to serve as advisory board chairman, a post that he landed in 2010.