Otto Philipp Braun

About Otto Philipp Braun

Birth Place: Melsungen, Germany, Germany

Otto Philipp Braun Net Worth

Otto Philipp Braun was born in Melsungen, Germany, Germany. Otto Philipp Braun is the son of Ludwig Georg Braun, who took over B. Braun Melsungen in 1977 -- when the company had just $24 million in annual sales -- and turned it into one of the world's largest manufacturers of medical products. Employing some 54,000 people globally and generating around $6.5 billion in annual revenue, the company has four divisions: Hospital Care, whose products include infusion and injection solutions; Aesculap, a manufacturer of surgical instruments and devices; OPM (outpatient market), which sells medical products to practitioners outside of the hospital market; and Avitum, a provider of dialysis and other technologies relating to blood treatment. In early 2017, Otto Philipp, who owns 22.62% of B. Braun, resigned from the management board. The first sixth-generation family member to work in the company and serve on its board, he had been responsible for the company's Iberian Peninsula and Latin American regions. He has a masters of International Accounting and Finance from London's Cass Business School.
Otto Philipp Braun is a member of Healthcare

💰Otto Philipp Braun Net worth: $3.8 Billion (Updated at 22 June 2018)

2016 $2.8 Billion
2017 $2.6 Billion
2018 $4.06 Billion

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Braun went to school in Kassel until he joined the volunteer brigade of the horseback rangers of the Electorate of Hesse in 1814 in order to fight against the troops of Napoleon. Afterwards Braun went to Hannover where he studied veterinary Medicine. He continued his studies at the University of Göttingen.


In 1818 Braun left crisis-ridden Europe and emigrated to the United States. There he failed to establish himself as a Veterinarian. His stay on Haiti as the official horse instructor of King Henri Christophe ended also without the desired long term contract.


Therefore, he joined the army of Simón Bolívar in the midyear of 1820 as a low ranking officer. Felipe Braun, as he was called from then on, participated in the campaigns of New Granada and the Battle of Carabobo in Venezuela. He joined the Guard of Simón Bolívar in 1821 and accompanied him on his Campaign of South to liberate today’s Ecuador and Peru as one of his many officers.


On August 6, 1824 Braun was the first patriotic soldier to set foot on the plain of Junín, where a superior cavalry force of the royalistic-Spanish army of José de Canterac was waiting. Due to Braun's unusual conduct and over the years highly trained and well disciplined units, the patriotic cavalry not only resisted the superiority but was able to defeat their opponent. Braun was promoted and belonged from then on to the intimate circle around Simón Bolívar and Antonio José de Sucre.


With the latter Braun participated in the liberation of “Alto Peru” (later Republic of Bolivia). During his time in Bolivia (1825–1828) Braun served the Bolivian President Antonio José de Sucre loyal. After uprisings in Cochabamba and La Paz which parts of the unit Braun commanded participated, he fell in disgrace. This changed fundamentally when Braun withstood other attempts and bravely attacked the Peruvian invasion of Bolivia of 1828 under general Agustín Gamarra.


In the Peruvian-Colombian war of 1828/29 Braun fought on the side of Simón Bolívar, Antonio José de Sucre and Juan José Flores. After a failed diplomatic mission as official representative of the victors Braun had to flee ending up in Valparaíso, Chile (1829). A few months later Braun was able to travel to Arequipa, Peru, where finally met his wife Justa Germana de Rivero y Abrill, which he had married through written authority in 1828.


In Arequipa Braun spend almost a year until the Bolivian President Andrés de Santa Cruz asked Braun to join his new administration. Braun accepted and moved to Bolivia. From 1830 until 1839 Braun became one of the most successful generals in Bolivian history. Furthermore, Braun became a very valuable adviser of President Santa Cruz. Latter made him Prefect, entrusted whole armies, let him command battles and gave him the responsibility of the ministry of defense. During the Peru-Bolivian Confederation (1836–1839) Braun served Santa Cruz loyal. After Braun triumphed in the Battle of Montenegro against an Argentinean invasion in June 1838 Santa Cruz awarded Braun with the Title: Great Marshal of Montenegro. Until today Braun is the only foreigner ever to have gained this title in South America and the only marshal of Bolivia at all.


After Santa Cruz lost the Battle of Yungay in January 1839 against a Peruvian-Chilean Invasion his confederation collapsed due to a revolution led by José Ballivián and José Miguel de Velasco, Braun fell too. He had to leave Bolivia and headed back to Europe when the new President of Bolivia, General José Miguel de Velasco, dismisses Braun and removes all his titles. Years later in 1850 he was rehabilitated by President Manuel Isidoro Belzu after which he would return several times to Bolivia and Peru where he had interests in copper mines and coffee plantations.


In 1861 after numerous transatlantic travels between Europe and South America Braun left the continent forever. Eight years later Braun died in Bad Wildungen. He was put to rest in his near hometown Kassel. Dozens of newspapers in Europe and South America remembered the contribution Otto Philipp Braun made to the independence of South America as well as to the construction of the Republic of Bolivia. His remains are in the Basilica of San Francisco, La Paz, Bolivia.