He was also known to wear cheap, poorly fitting suits and preferred plain meals with many potatoes. View Jason Hart’s profile on LinkedIn, the world’s largest professional community. The Albrecht family, who own Aldi and Trader Joe's, has been historically secretive, and there is a lot that's unknown about their personal lives. Karl Albrecht died in 2014. Theo Albrecht ran Aldi with his brother Karl, … The last published photo of Theo Albrecht dates from 1971, one day after his kidnapping. ALDI is making housework a doddle with its Special Buys this week. Theo's Aldi Nord set to operate in the north of Germany and Karl's Aldi Süd, set to operate in Germany's south. 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. The ransom sum was delivered by the Bishop of Essen. His kidnappers were eventually caught by authorities, but only half of the money was recovered. In the US, he also owned the Trader Joe's specialty grocery store chain. Needless to say, his lifetime long involvement in the retail industry in Germany and beyond was the major source of his income – being the owner of Aldi Nord discount supermarket chain added most significantly to Theo’s net worth over the years. Theo Albrecht Net Worth: Theo Albrecht was a German entrepreneur who had a net worth of $19.6 billion. [4] Theo and Karl Albrecht split the Aldi Company they founded in 1960 after a dispute about whether to sell cigarettes. [citation needed] The supermarket divided into two legally separate operating units with two geographical locations. Another photo of the two Albrecht brothers together was taken in 1987 by journalist Franz Ruch. Theodor Paul Albrecht (German: [ˈalbʁɛçt]; 28 March 1922 – 24 July 2010) was a German entrepreneur. Owns discount supermarket group Aldi Nord. [8] During World War II, Theo was conscripted into the Wehrmacht and served with Rommel's Afrika Korps. [6] He was held at gunpoint by Heinz-Joachim Ollenburg, a lawyer, and his accomplice Paul Kron. They both have been reportedly reclusive. [3] Theo was captured by the Americans in Tunisia. [10] Theo had, as do members of the Albrecht family now, a highly secure estate overlooking the Ruhr valley. Little is known about Theo and the Albrecht family's personal lives. [5] Theo was rarely pictured by photographers and he never made a public statement. While all of Theo's property is now operated by his son Theo Albrecht Jr. and grandchildren of his deceased son, Berthold. Berthold and his brother Theo Albrecht Jr. share a fortune that Forbes estimates at $17.8 billion—making them the second richest in Germany behind their uncle, Karl Albrecht, 92, … Karl still owns the Aldi Süd discount supermarket chain, which operates the Aldi groceries in the United States. © 2020 Celebrity Net Worth / All Rights Reserved, © 2015 Celebrity Net Worth / All Rights Reserved, How The Albrechts Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $38.8 Billion, Billionaire Family Behind Trader Joe's And Aldi Cut Family Out Of Will For Lavish Spending, The Richest Person In Germany – Karl Albrecht – Dead At 94. [6], Theo Albrecht died 24 July 2010, in his hometown of Essen. That's the third-highest number after the US, which has an estimated 705 people with a net worth of at least $1 billion, and China, which has 324 billionaires, per Forbes. The Company offers grocery, meat, fresh produce, wine and beer, beverages, and other home products. 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. [3] Forbes has estimated Theo's fortune from the supermarket chain as approximately £11 billion. Theodor Paul Albrecht (German: [ˈalbʁɛçt]; 28 March 1922 – 24 July 2010) was a German entrepreneur. [2], Theo learned the grocery business from his mother, in order to escape the fate of his father in the mines. Seven million German marks (approximately $2 million at the time) was paid for his release. Previously, Forbes magazine listed him as one of the richest men in the world, with an estimated net worth in 2011 of US$25.4 billion, which ranked him 10th in its 2012 list of billionaires – making him the oldest billionaire in the Top 20 list. [citation needed], Theo's kidnapping in 1971 partially explains his and the family's hermit-like manner of existence. He was, like many in his family, very private and reclusive, almost never stepping into the public eye. [5], Theo was raised in a catholic household. [9], Theo and his brother Karl were once said to own an island located in the North Sea where they indulged their hobbies such as golf and pastimes including the collecting of antique typewriters. The Company offers grocery, meat, fresh produce, wine and beer, beverages, and other home products. [5] Albrecht later unsuccessfully[7] claimed the ransom as a tax deductible business expense in court. The Albrecht family are known to be very reclusive and have been described by Forbes as ‘more reclusive than the yeti’. Jason has 1 job listed on their profile. A ransom of seven million German marks (approximately US$2 million at the time) was paid for his release. The kidnapping caused him to drive to work in an armored car, using a different route every day. [1][11], "Theo Albrecht: One of the two brothers behind the Aldi supermarket empire", "Theo Albrecht, 88, dies; started Aldi food chain and expanded Trader Joe's", https://www.spiegel.de/spiegel/print/d-39867665.html, "Theo Albrecht Jr Story - Bio, Facts, Networth, Home, Family, Auto | Famous Entrepreneurs | SuccessStory", https://www.forbes.com/sites/billions/2010/07/28/billionaire-owner-of-trader-joes-theo-albrecht-dies/, https://en.wikipedia.org/w/index.php?title=Theo_Albrecht&oldid=986292824, German military personnel of World War II, German prisoners of war in World War II held by the United States, Articles with dead external links from May 2014, Articles with unsourced statements from October 2020, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 30 October 2020, at 23:22. Theo Albrecht Net Worth: Theo Albrecht was a German entrepreneur who had a net worth of $19.6 billion. In 1946 he returned to Germany. In 2010, Theo was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion. [5], In 1971, Albrecht was kidnapped for 17 days. Obsessed with frugality, Theo is said to have collected and used pencil stubs frequently. He and his brother Karl developed Albrecht Diskont, one of Europe's largest chains of supermarkets, with the motto "The best quality at the lowest price," and now known by its acronym, Aldi. Members Of The Billionaire Aldi-Founding Albrecht Family Are Facing Each Other In Court Over Alleged Embezzlement, Reclusive German Grocery Tycoon Dieter Schwarz Earns Multi-Billion Fortune With Aldi Copycat, The Richest Person In Germany VS. Ever since the friendly division of assets in 1960, Aldi and Trader Joe's have separate and distinct ownership and operations, Theo getting the northern German stores and the rest of Europe and Theo's brother Karl Albrecht taking the stores in southern Germany and the rights to open stores in the US, the UK and Australia. Amancio Ortega Net worth: $57 billion Country: Spain 9. The Albrecht family has a net worth of $38.8 billion, making them the 11 th wealthiest family in the world. 3. The Richest Person In Argentina, 'Cosby Show' Star Geoffrey Owens Started Trader Joe's Job After The Show's Syndication Stopped, Mar 28, 1922 - Jul 24, 2010 (88 years old). Theo Albrecht died in 2010. Albrecht became a victim to kidnappers in 1971, being abducted for 17 days. Theo retired from daily operations in 1993 and remained as chairman of the board. Theo was counting his net worth at $16.7 billion in 2010 before his death. We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet. [10] When he was asked to approve the plans for a new store in the Netherlands, he stated that the design was good, but the paper it was drawn on was too thick: "If you use thinner paper we will save money."
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