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

Secretive Aldi family announce death of main heir to £11billion supermarket fortune... a month after he was buried

His wife said in the notice: 'Berthold Albrecht was a very loving and extremely generous human being, an exemplary husband and father. Father-of-five Berthold was the son of Theo Albrecht Snr, a devout Catholic who was one of Germany’s richest men when ...
Posted: December 7, 2012, 2:22 am

Aldi: a history of the low-cost supermarket

Since it was founded, Aldi and the Albrecht family have been notoriously private. The reasons for this can been traced back to 1971, when Theo Albrecht was kidnapped for 17 days. A ransom of $3m was paid to release Theo, who is then understood to have gone ...
Posted: September 29, 2013, 10:52 pm

'Grotesque' Albrecht family feud over $19.5b Aldi fortune

The heirs to co-founder Theo Albrecht's fortune - $US15 billion ($19.5 billion), according to the Bloomberg Billionaires Index - are battling for control of Aldi Nord, which owns the chain in northern Germany and eight other European countries.
Posted: August 15, 2016, 5:00 pm
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