The Pudding Empire of the Hidden Nazi Billionaire

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Feb. 3 (Bloomberg) -- In today’s “Global Outlook,” Bloomberg News’ David De Jong reports on the Nazi connection to the fortune of Germany’s Oetker family on Bloomberg Television’s “In The Loop.”

Billionaire, turning his family's private food business into a 15 billion-dollar consumer product empire.

What is hidden is strong family ties not seen.

I want to bring in david.

Not a lot of people know about this.

No.

it was only published in a report they had engaged with knox activities in october.

Quite a scantily created.

-- scandal it created.

The baking powder business delivered baking powder and putting powder to the german army.

He himself volunteered, which did not -- core of the non-sees.

He was trained in the concentration camp.

He was an officer.

His entire family got killed by a bomb -- and allied bomb in 1944. he took over the business and then a huge conglomerate with shipping and banking and food.

Guys it is more than just food.

Yes.

A privately held conglomerate.

26,000 employees.

Actually shipping.

His family members, his heirs, they are billionaires.

They are all billionaires.

They have an individual net worth of 1.5 billion.

They range in age from 70 to 35. three marriages.

They all live in germany, except one in amsterdam.

This is very interesting.

Thank you so much.

The putting empire.

Not noise, news.

Live on bloomberg television.

On the markets is next.

Stay safe in the snow.

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This text has been automatically generated. It may not be 100% accurate.

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