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
BIOGRAPHY

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.

NET WORTH STATISTIC
2010

$23.5 Billion

2011

$25.5 Billion

2012

$25.4 Billion

2013

$26 Billion

2014

$25 Billion

2018

$25 Billion

TIMELINE
2014

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

2012

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

2011

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

2002

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

1994

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

1976

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

1962

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

1961

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

1920

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

(4.4/194 votes)
Related Person
Micky Jagtiani’s profile picture
Micky Jagtiani
Net Worth is $4.74 Billion
Jeronimo Arango’s profile picture
Jeronimo Arango
Net Worth is $4.38 Billion
Richard Schulze’s profile picture
Richard Schulze
Net Worth is $4.27 Billion
Roger Wang’s profile picture
Roger Wang
Net Worth is $4.26 Billion
Karl Wlaschek’s profile picture
Karl Wlaschek
Net Worth is $4.2 Billion
Sergei Galitsky’s profile picture
Sergei Galitsky
Net Worth is $4.19 Billion