Otto II, the Rich, a member of the House of Wettin, was Margrave of Meissen from 1156 until his death. His nickname, "the Rich," stems from the discovery of significant silver deposits near the site of the future city of Freiberg around 1168.
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Otto II, the Rich, a member of the House of Wettin, was Margrave of Meissen from 1156 until his death. His nickname, "the Rich," stems from the discovery of significant silver deposits near the site of the future city of Freiberg around 1168. Otto successfully claimed the rights to these mineral resources, greatly increasing his wealth. He also established the Cistercian monastery of Altzella in 1162, which became the burial site for the House of Wettin.
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