"Karl Albrecht Images"
Karl Albrecht
Karl Albrecht Net Worth is $26.5 Billion. Karl Albrecht, a businessman born in Essen, Germany, has an estimated net worth of $26.5 billion dollars. Karl Albrecht is the richest man in Germany and co-founded the Aldi chain of grocery stores in Germany. Karl Hans Albrecht (born 20 ...

Karl Albrecht Net Worth is $26.5 Billion.

Karl Albrecht Net Worth is $26.5 Billion. Karl Albrecht, a businessman born in Essen, Germany, has an estimated net worth of $26.5 billion dollars. Karl Albrecht is the richest man in Germany and co-founded the Aldi chain of grocery stores in Germany Karl Hans Albrecht is a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. He is among the richest men in the world, with an estimated net worth in 2011 of $25.4 billion according to Forbes, which ranks him 10th in its 2012 list of billionaires - making him the oldest billionaire in the Top 20 list. Albrecht is the wealthiest person in Germany.
Karl and Theo Albrecht were born and raised in modest circumstances in Essen, Germany. Their father was employed as a miner and later as a baker's assistant. Their mother had a small grocery store in the worker's quarter of Schonnebeck, a suburb of Essen. Theo completed an apprenticeship in his mother's store, while Karl worked in a delicatessen shop. Karl also served in the Wehrmacht during World War II. After the war, the brothers took over their mother's business. The first Aldi was opened in 1961.
In 1961, Aldi's operations were divided...
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Karl Albrecht Latest News

Karl Albrecht, co-founder of Aldi discount stores, dies at 94

Karl Albrecht, the reclusive German businessman who became one the world’s wealthiest people after co-founding the Aldi discount supermarket chain in the 1960s, died July 16 in Essen, Germany. He was 94. The Frankfurter Allgemeine Zeitung reported the ...
Posted: July 21, 2014, 2:11 pm

Karl Albrecht dies at 94; billionaire built Aldi food empire

Theo Albrecht acquired Trader Joe's in 1979 and placed it in a family trust. Theo died in 2010. Described by Forbes magazine as "more reclusive than the Yeti," the brothers shunned publicity. Only a few public statements were attributed to Karl ...
Posted: July 22, 2014, 4:58 am

Common Sense In Decision Making

This phenomenon is completely natural. Karl Albrecht simply calls common sense “practical intelligence.” Karl sees it as “the mental ability to cope with the challenges and opportunities of life. Making decision often seems as a difficult task ...
Posted: June 28, 2015, 1:00 am

Aldi causes angst at Coles and Woolworths

Aldi was founded just after World War II by brothers Theo and Karl Albrecht, who took over their father's single store in Essen. After years of rapid growth, they split the business more than 30 years ago into two separate companies, Aldi North and Aldi ...
Posted: June 27, 2015, 2:42 am

Karl Albrecht, Billionaire Co-Founder of Aldi, Dies at 94

July 21 (Bloomberg) -- Karl Albrecht, the German businessman who became one the world’s wealthiest people after co-founding the Aldi discount supermarket chain in the 1960s, has died. He was 94. He died on July 16, Sarah Twyman, an Aldi spokeswoman at ...
Posted: July 20, 2014, 9:00 pm
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