Otto Beisheim

  • Died: February 18, 2013
  • Location: Rottach-Egern, Germany

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In this Jan. 10, 2004 file photo Otto Beisheim is pictured in Berlin, Germany. The billionaire founder of German retail group Metro AG, Otto Beisheim, has died at 89. Public relations firm Brunswick Group confirmed on behalf of his company German media reports that Beisheim had committed suicide at his home in Rottach-Egern in southern Germany on Monday, Feb. 18, 2013. (AP Photo/Jan Bauer,file)

German retail billionaire dies at 89

The Associated Press

BERLIN (AP) — The billionaire founder of German retail group Metro AG, Otto Beisheim, has died at 89.

Public relations firm Brunswick Group confirmed on behalf of his company German media reports that Beisheim had committed suicide at his home in Rottach-Egern in southern Germany on Monday.

It said in a statement that he had been suffering from an incurable disease and "departed life due to the hopelessness of his health condition."

Beisheim co-founded Metro in 1964. He owned some 10 percent of publicly traded stock in the company, which has 280,000 employees in 32 countries and has a market capitalization of some €7.9 billion ($10.55 billion).

Beisheim, who was known for his charitable and cultural philanthropy, left no direct survivors and his fortune will go to two charitable trusts.


Condolence & Memory Journal

Sorry for your loss Liesl. What a shame

Posted by Linda Hartz - Miami, FL - Friend from ICCC   February 23, 2013

I am deeply saddened by the death of Otto Beisheim and express my deepest condolences to his family

Ichim Valentin
Bacau , Romania
vi.2008@windowslive.com

Posted by Valentin Ichim - Bacau ,Romanian - Friend   February 19, 2013


Family Album

In this Jan. 10, 2004 file photo Otto Beisheim is pictured in Berlin, Germany. The billionaire founder of German retail group Metro AG, Otto Beisheim, has died at 89. Public relations firm Brunswick Group confirmed on behalf of his company German media reports that Beisheim had committed suicide at his home in Rottach-Egern in southern Germany on Monday, Feb. 18, 2013. (AP Photo/Jan Bauer,file)