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August Oetker Net Worth

Pharmacist · More Stars

August Oetker
Photo: Paul Emil Gabel (1875-1938) · Wikimedia Commons · Public domain
Net Worth · StarWorth Figure
$1.7B
Source: Celebrity Net Worth (October 2026) · USD · Last updated 28 October 2026

Quick facts

Born1862

ProfessionPharmacist

NationalityGerman

CategoryMore Stars

Background and career

August Oetker (German pronunciation: [ˈaʊɡʊst ˈʔœtkɐ]; January 6, 1862 – January 10, 1918) was a German inventor, food scientist and business person. He is known as the creator of baking powder as a ready-to-use product, and also as the founder of the Dr. Oetker company. He was the patriarch of the Oetker family.

Oetker was born on January 6, 1862, in Obernkirchen, Electorate of Hesse, the oldest of eight children, to August Adolph Oetker (1834–1890) and Bertha Oetker (née Westphal; 1836–1902). He completed a doctoral thesis on the shape of pollen grains in 1888.

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, a British chemist, Alfred Bird, had already invented baking powder, and American scientist Eben Norton Horsford had developed a ready-made 'double-acting' baking powder. From 1890, he distributed his invention under the brand name Backin, thus laying the basis for the family-owned company, called Oetker-Gruppe. The company still uses the very same recipe to produce baking powder. On September 21, 1909, Oetker filed a patent for his Procedure for making long-lasting baking powder or ready-to-bake flour. Due to successful marketing, his products sold quite well and soon the old pharmacy had turned into a successful company. In 1900, Oetker built his first manufacturing plant and, by 1906, had sold 50 million packages of Backin.

Oetker died on January 10, 1918, in Bielefeld, Germany. Later, his grandson, Rudolf August Oetker, took over the company. Motto: Ein heller Kopf verwendet stets Oetker. ("A bright mind always uses Oetker").

Sources

Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.

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