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

'Grotesque' family feud ignites over $19.5 billion Aldi fortune

The heirs to Aldi co-founder Theo Albrecht's fortune are battling for control of the company, which owns the chain in northern Germany and eight other European countries. According to the Bloomberg Billionaires Index, Albrecht's fortune is worth $US15 ...
Posted: August 16, 2017, 5:00 am

German kidnappers take secret of missing millions to grave

Germany’s Bild daily reported Wednesday that, with the men’s recent deaths, a chapter had closed on the 1971 abduction of Theo Albrecht, a billionaire co-founder of discount supermarket chain Aldi. One of the ex-cons, Paul Kron, had passed away in an ...
Posted: March 8, 2017, 6:23 am

Surprising reasons why famous companies got their names

Aldi started life in 1946, when Karl and Theo Albrecht took control of their mother’s grocery store in the German city of Essen. From the small provincial store, they built one of Germany’s biggest retailers, which became renowned for its low prices.
Posted: May 30, 2018, 4:32 pm
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