Theo Albrecht’s profile picture

Theo Albrecht

Theo Albrecht’s profile picture
Net worth 2018: $16.7 Billion
Industry: Other
Country: Germany
BirthDay: 28 March 1922
Sigh: Aries
Died On: 24/07/2010
Children: 2
BIOGRAPHY

Theo Albrecht was bornon 28 March 1922 in Germany. Owns discount supermarket group Aldi Nord. With estimated sales of $34 billion still a sector leader but lost ground this year as flat sales and strong rivals in some of its European markets pushed profits down. Has been more successful with his U.S. holding, discount food chain Trader Joe's, whose 340 stores have attracted cost-conscious customers during the recession. After World War II he and brother Karl transformed their mother's corner grocery into Aldi, for Albrecht Discount. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got the northern Germany stores and the rest of Europe. Also owns stake in Supervalu. Became a recluse after being kidnapped for 17 days in 1971; said to collect old typewriters; loves golf.

NET WORTH STATISTIC
2010

$16.7 Billion

2018

$16.7 Billion

TIMELINE
2010

Theodor Albrecht died 24 July 2010, in his home town of Essen, Germany

1993

Theodor retired from daily operations in 1993 and remained as chairman of the board

1987

Another photo of the two Albrecht brothers together was taken in 1987 by journalist Franz Ruch

1971

The last published photo of Theo Albrecht dates to 1971, one day after his kidnapping

1960

Theodor and Karl Albrecht split the Aldi Company they founded in 1960 after a dispute about whether to sell cigarettes

1946

During World War II Theodor was captured by the Americans in Tunisia as a prisoner of war, but in 1946 he returned to Germany

1922

Theodor Paul "Theo" Albrecht (28 March 1922 – 24 July 2010) 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

1913

They had developed the supermarket as an outgrowth of their mother's small grocery store, which she had opened in 1913, in Essen, after Theo’s father had developed emphysema as a miner

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