Karl Albrecht’s profile picture

Karl Albrecht

Karl Albrecht’s profile picture
Net worth 2018: $25 Billion
Country: Germany
BirthDay: 20 February 1920
Sigh: Pisces
Died On: 16/07/2014
Children: 2

Karl Albrecht was bornon 20 February 1920 in Germany. When Karl Albrecht returned from World War II, he found his mother's small corner store in Western Germany unscathed from years of air raids. He took it over with his brother, Theo, and together they expanded it into a chain of Aldi supermarkets, initially up and down the Rhine River. They soon realized further growth would require them to run their business on the cheap, and so started to price their goods with the same frugal mindset. By 1961, Karl and Theo split the businesses: Karl took the storefronts in southern Germany under the name Aldi Sud, as well as the rights to America, Australia and Britain; Theo got the stores in mainland Europe. Karl, a reclusive billionaire, saw his fortune continue to rise as Aldi expanded in America and overseas (to more than 1,300 stores in the U.S. and another 3,500 in eight other countries.) When he died in July 2014 at age 94, he was the richest person in Germany.


$23.5 Billion


$25.5 Billion


$25.4 Billion


$26 Billion


$25 Billion


$25 Billion


In 2014, Albrecht was listed as one of the richest people in the world with an estimated net worth of US$23


4 billion, which ranked him 10th in its 2012 list of billionaires – making him the oldest billionaire in the Top 20 list


Previously, Forbes magazine listed him as one of the richest men in the world, with an estimated net worth in 2011 of US$25


At the beginning of 2002, he also relinquished this position, thereby completely ceding control of the firm


In 1994, Karl Albrecht removed himself from the daily operations of Aldi Süd and took the position of chairman of the board until 2002


Golf was one of his hobbies, and Albrecht played the sport on his own golf course, the Öschberghof, which he built in 1976


The first Aldi (short for Albrecht Discount) was opened in 1962


They separated that company in 1961 into Aldi Nord, covering the part of Germany north of the Ruhr under Theo Albrecht, and Aldi Süd under Karl


Karl Hans Albrecht ([ˈkaɐ̯l hans ˈalbʁɛçt]; 20 February 1920 – 16 July 2014) was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo

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