Theo Albrecht Net Worth is$18.8 Billion
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Profession: Businessperson, Entrepreneur
Date of Birth: Mar 28, 1922
Nicknames: Theodor Paul Albrecht
Ethnicity: Germans
Country: Germany
Theo Albrecht was a German businessman and co-founder of the Aldi grocery store chain with an estimated net worth of $18.8 billion dollars. Theo Albrecht ran Aldi with his brother Karl, with Theo running Aldi Nord (Aldi North) and its American counterpart, Trader Joe's, and his brother running Aldi Sur. He passed away in July 2010 at the age of 88.
Theodor Paul Albrecht (28 March 1922, Essen, Rhine Province - 24 July 2010), generally known as Theo Albrecht, was a German entrepreneur, who in 2010 was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion. He owned and was the CEO of the Aldi Nord discount supermarket chain. In the US he owned the Trader Joe's specialty grocery store chain. His brother Karl Albrecht owns the Aldi Sud discount supermarket chain. The two chains originally were a single family enterprise until a friendly division of assets in 1960. Aldi Sud operates the Aldi groceries in the United States. So Aldi and Trader Joe's, while owned by the brothers, have separate and distinct ownership and operations.
In 1971, Albrecht was kidnapped for 17 days. A ransom of seven million German marks (approximately $2 million at the time) was paid for his release.
Both Albrecht brothers have been reported by journalists to be reclusive and little is known about their personal lives. The last published photo of Theo Albrecht dates to 1971, one day after his kidnapping. Another photo of the two Albrecht brothers together was taken in 1987 by journalist Franz Ruch.

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Theo Albrecht Latest News

ALDI to build grocery store in Tupelo

ALDI stands for Albrecht Diskont (Albrecht Discount). A sister company is Trader Joe’s, which is owned by a trust created by ALDI co-founder Theo Albrecht. ALDI has big plans for the U.S. By 2018, the ...
Posted: March 3, 2017, 1:07 pm

Aldi co-founder Karl Albrecht dies at age 94

The publicity-shy Mr Albrecht co-founded Aldi with his brother Theo after World War II, and was ranked by Forbes as Germany's richest person with a fortune of almost $US26 billion. He resigned from th...
Posted: July 21, 2014, 5:10 pm

Family Feud Snarls Aldi

The Albrecht clan have always put high value on the family’s reputation but the very public court battle threatens to undermine it and the business. Theo Albrecht Jr., the reclusive heir of the Aldi e...
Posted: June 2, 2016, 3:19 am
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