Karl Albrecht Net Worth
Karl Albrecht net worth: Karl Albrecht is a reclusive German billionaire tycoon who has a net worth of $26.1 billion dollars. Karl Albrecht is the richest person in Germany and co-founder the Aldi chain of grocery stores in Germany with his brother Theo. The brothers created the chain after they took over their mother's small neighborhood grocery. He relinquished his position at Aldi in 2002 at the age of 82. Albrecht is notoriously secretive and has never given a single public interview during his lifetime. Karl Hans Albrecht was born in Essen, Germany in February 1920. He is best known as the co-founder of the discount supermarket chain Aldi with his brother Theo. Karl and Theo's mother had a small grocery store in Schonnebeck. Karl worked in a delicatessen shop. He served in the Wehrmacht during World War II. After the war was over he and his brother took over for their mother's store. They opened up the first Aldi (Albrecht-Discount) in 1961. Karl took control of Aldi Sud (South), and Theo managed Aldi Nord (North). Karl became chairman of the board of Aldi in 1994. He relinquished the position in 2002 and none of the Albrecht brothers are associated with Aldi to this day. A 2002 study found that over 80% of Germans shopped at Aldi. Karl Albrecht has been listed as the richest man in Germany. Karl is said to be reclusive. He lives in Essen and plays golf at the course he built in 1975, the Oschberghof. His brother Theo passed away in 2010. Karl Albrecht died on July 16, 2014 at the age of 94.