Theo Albrecht Jr. | |
---|---|
Born | 1950 (age 73–74) |
Occupation(s) | Owner of Trader Joe's and Aldi Nord |
Spouse | Katje Albrecht |
Children | 1 |
Parent(s) | Theo Albrecht (father) Cäcilie Albrecht (mother) |
Relatives | Berthold Albrecht (brother) Karl Albrecht (uncle) Karl Albrecht Jr. (first cousin) Beate Heister (first cousin) |
Theodor "Theo" Albrecht Jr. (born 1950) is a German billionaire businessman, the owner of Trader Joe's and Aldi Nord, and the son of Aldi's co-founder. As of July 2021, Albrecht's net worth is estimated at US$20.6 billion.
Albrecht was born in Bremen, West Germany in 1950, [1] the son of Theo Albrecht, the co-founder of the supermarket chain Aldi.
In 2010, his father Theo Albrecht died, leaving the ownership of the German supermarket chain Aldi Nord and US supermarket chain Trader Joe's to his two sons, Theo Jr. and Berthold, but Berthold died in 2012. Theo Albrecht Jr. and the heirs of his brother Berthold inherited the fortune, which originally grew from a corner grocery shop opened back in 1913. [2]
Albrecht's estimated net worth is US$20.6 billion, as of July 2021, according to Forbes . [2]
Albrecht lives in Mülheim an der Ruhr, Germany, and has one child. [2]
Aldi is the common company brand name of two German multinational family-owned discount supermarket chains operating over 12,000 stores in 18 countries. The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen. The business was split into two separate groups in 1960, that later became Aldi Nord, headquartered in Essen, and Aldi Süd, headquartered in neighbouring Mülheim.
Trader Joe's is an American grocery store chain headquartered in Monrovia, California, with 597 locations across the US.
Mülheim, officially Mülheim an der Ruhr and also described as "City on the River", is a city in North Rhine-Westphalia in Germany. It is located in the Ruhr Area between Duisburg, Essen, Oberhausen and Ratingen. It is home to many companies, and two Max Planck Institutes.
Karl Hans Albrecht was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. He was the richest person in Germany for many years. In February 2014, he was ranked the 21st-richest person in the world by Hurun Report.
Albrecht is a given name or surname of German origin and may refer to:
Theodor Paul Albrecht was a German entrepreneur. He established the discount supermarket chain Aldi with his brother Karl Albrecht. In 2010, Theo was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion.
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Karl Hans Albrecht Jr. is a German billionaire, and the son of Karl Albrecht, who founded the discount supermarket chain Aldi with his brother Theo.
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