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Otto Philipp Braun
PROFILE
Otto Philipp Braun
$3.3B
Real Time Net Worth
as of 3/26/24
Reflects change since 5 pm ET of prior trading day.
Otto Philipp Braun owns 23% of the medical device company B. Braun Melsungen, which began in 1839 as a small pharmacy that sold herbal remedies.
His father, Ludwig Georg Braun, took the reins in 1977, when the company had just $24 million in annual sales. Revenues have grown to around $8 billion.
Today, with more than 64,000 employees globally, B. Braun manufactures products ranging from infusion and injection solutions to surgical instruments.
The first sixth-generation family member to work in the company and serve on its board, Otto Philipp stepped down in 2017.
His sister Anna Maria Braun, also a billionaire, is CEO of B. Braun.
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