The Albrecht family Net worth: $41 billion Source of wealth: Aldi Brothers Theo and Karl Albrecht created the discount supermarket Aldi, Bloomberg reported. Theo and Karl Albrecht died in 2010 and 2014, respectively, leaving behind a fortune worth an estimated $38.8 billion. As this company began to grow extensively yielding millions of dollars each year, this helped Theo to gradually become one of the richest people in the world, also assisted by his purchase of the American company Trader Joe’s, which with Aldi was producing revenue of over $40 billion a year by 2010. He was married to Caecilie and they had two sons who have inherited the Aldi business. Doug Albrecht retired in 2007 as Chairman, President and Chief Executive of Centric Group, a $750 million holding company. The Albrecht family tree and how it relates to Aldi is a bit complicated. This was one of the pivotal points in his life, as was the time he served in the army during World War II, during which he was captured by the Americans in Tunisia, and was held as the prisoner of war but was returned in 1946 as the war ended. At the time of his death, he was 31st richest person in the world and also as of now, his net worth is counted at $16.7 billion. Centric Group grew from an initial Taylor family investment in Jack Keefe Coffee Bar Sales, a two-employee business in hotel/motel in-room coffee sales. Get it now on Libro.fm using the button below. The Hearst family is worth $24.5 billion and the descendants' wealth comes from the foundation that runs Hearst, which owns TV and radio stations, newspapers, magazines, plus stakes in … Account active Karl Albrecht, 92, who owns Aldi Sud, is still alive and is the richest person in Germany with a net worth of $22.5 billion (£14 billion), according to a … He was born in 1968 in Florida, in the United States. As for his personal life, Theo and family were renowned for leading very reclusive lifestyle. The Lauders are active philanthropists, and sons Leonard and Ronald are major art collectors. The last on the list of top 10 richest families in the world are the Albrechts. The Mulliez family is behind the “Walmart of France” – Auchan is one of the biggest supermarket chains in Europe. The World’s Richest Self-Made Billionaires. Beate Heister (niece) Theodor Paul Albrecht ( German: [ˈalbʁɛçt]; 28 March 1922 – 24 July 2010) was a German entrepreneur. The Albrecht family. Aldi, short for Albrecht discount, has become such a stakeholder in Europe that other chains like it, including Walmart, have never been able to get a foothold. The original company, which was founded and run by brothers Theo and Karl Albrecht, split into two bra… He was married to Caecilie and they had two sons who have inherited the … Subscriber Net worth: $38.8 billion (about R551 billion) Net worth: $22.9 billion Source of wealth: Ferrero Group Net worth: $49.2 billion Source of wealth: Hermès Luxury goods dynasty Hermès is the basis for the Dumas family … Karl Albrecht Net Worth Detail In 2014, Albrecht was listed as one of the richest people in the world with an estimated net worth of US$23.14 billion. Even better. Also, it was reported that Theo was a very devoted Roman Catholic. He established the discount supermarket chain Aldi with his brother Karl Albrecht. The company name was later changed to Aldi and in 1960 it was divided between Karl and Theo. 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. Albrecht body measurements, Height and Weight are not Known yet but we will update soon. Theo lived such a secluded life that his photograph was very rare. But even … 10. The Slim Family. There are very few photos of Theo and his family and even their vacations took place far from the public spotlight. Estimated Net Worth in 2019: $100K-$1M (Approx.) In 2010, Theo was ranked by Forbes as the 31st richest person … The Albrecht family. In the early 1900’s the Albrecht family started a small grocery store with a low-cost business model that ultimately evolved into the Aldi superstores, which are now leading global discount supermarket chains. Following the Al Saud family, is the … [4] Currently We don’t have enough information about his family, relationships,childhood etc. Albrecht’s average net worth is $896,231. At the time of his death, he was 31 st richest person in the world and also as of now, his net worth is counted at $16.7 billion. He is married to his lovely wife Julie. Their ownership of chains like Aldi and Trader Joe's brings the Albrecht family's net worth to $38.8 billion. Today, the company, which includes 30 brands of makeup including MAC and Clinique, generates $12 billion in revenue from the sale of cosmetics and fragrances. Berthold’s father Theo Albrecht died in 2010, leaving an estimated $16.7 billion fortune to his sons Theo Jr. and Berthold, who died in 2012. Net worth:$24.3 billion (£19.3 billion) Source of wealth:Estée Lauder In 1947, the Estée Lauder brand was born. Eventually, Theo expanded the business in north Germany and the company was called Aldi Nord. Today, there are more than 10,000 stores between the two branches, Aldi Nord and Aldi Sud. They don't speak to the press or attend openings of their stores. The collective net worth of the Belgian beer-making families behind Anheuser-Busch InBev dropped $16 billion in the past year alone. The family also owns a lot of real estate. To be sure, the … Raised in Essen with his brother, Theo was familiar with the grocery business skills as his mother operated a grocery store. Theo also invested in Trader Joe’s, transforming it into a chain with more than 350 stores. 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. Albrecht Age, Height & Weight. The Albrecht family is the 11 th wealthiest family in the world, with a combined $38.8 billion net worth. Albrecht Schmidt Net Worth. Albrecht primary income source is Actor. A leading-edge research firm focused on digital transformation. Albrecht is 53 years old. The Albrecht family. Two … Your email address will not be published. Doug Albrecht Chairman. Theo retired from the daily operations of his company in 1993 and then served only as the chairman on the board until he died on 24 July 2010. By clicking ‘Sign up’, you agree to receive marketing emails from Insider Not bad, huh? Net worth: $41 billion. Little is known about the Albrechts. 6. Our top reads covering luxury, culture, food, travel, and health. Between them, the families of cousins Karl Albrecht Jr. and Theo Albrecht Jr. have a combined net worth of $50 billion. Who Is Peter Albrecht Wife. as well as other partner offers and accept our, ALDI Einkauf GmbH & Co. oHG via Getty Images, Jörg Schmitt/DPA Picture-Alliance, via Associated Press, Klaus Rose/ullstein bild via Getty Images, Roland Scheidemann/picture alliance via Getty Images, Peter Nicholls/Reuters and AP Photo/Joerg Sarbach, Peter Becker/picture alliance via Getty Images, John S Lander/LightRocket via Getty Images, Margaret Bourke-White/The LIFE Picture Collection/Getty Images, Uli Deck/picture alliance via Getty Images, Britta Pedersen/picture alliance via Getty Images, Rolf Vennenbernd/picture alliance via Getty Images, Visit Business Insider's homepage for more stories, Here's what you should buy at Aldi and what you should avoid, according to people who've shopped there. Your email address will not be published. In 2017, CNBC estimated Aldi made over $13 billion in the US alone. Association Familiale Mulliez, the family holding company, also controls Leroy Merlin, a home improvement chain, and Decathlon, a sports equipment retailer. The Slim Family. Throughout the decades, Aldi became one of the most profitable retail chains, with over 10,000 stores across Europe and the US. When his brother Karl died in 2014, he was reported to be worth $26 billion. Amidst all the good in his business, Theo was kidnapped in 1971 and was let go after a ransom price of $2 million was paid 17 days later – his kidnappers were later caught by the authorities and were recognized as a lawyer and an accomplice. Albrecht family. Estimated Net Worth: $57.6 billion. We will update soon. One of the richest and highly regarded businessmen of all times, Theo died on 24 July 2010 at the age of 88 years. Wertheimer Family – Chanel. The Albrecht brothers' heirs are feuding after one of the founder's wives tried to cut her grandchildren and daughter-in-law out of the family business because of their "lavish spending,". We visited two of the best grocery stores in the US. Here's why Aldi is better than H-E-B for the budget shopper who hates to shop. After their mother, Theo and his brother Karl went on to develop the grocery store into a supermarket, and eventually the brothers expanded the supermarket into a chain under the name Albretch Diskont. Source: Bloomberg, The New York Times, CNBC, The Guardian, Source: The Chicago Tribune, The Local, Bloomberg,  The Guardian, Source: The Chicago Tribune, Forbes, Aldi. The Albrecht Family. Germany’s Albrecht family owns the Aldi Nord and Trader Joe’s retail chains. Regardless of your particular financial status, keeping tabs on the ultra-rich—whether with admiration, envy, or resentment—is perhaps more pleasurable and less demanding than researching a mortgage, or shopping for online brokers, or getting schooled on complex topics in finance and economics like how exchange-traded funds work and the pros and cons of GDP. He currently resides in Florida with his family. Leonard donated $1 billion worth of paintings and sculptures to the Met. The Aldi fortune. 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. He is currently working as a news reporter at WKRG-TV. Required fields are marked *. since, “No Rules Rules: Netflix and the Culture of Reinvention”. One of the founders, Theo, died in 2010 and was reportedly worth $18.8 billion (via The New York Times). In 2014, Albrecht was listed as one of the richest people in the world with an estimated net worth of US$23.14 billion. The Albrecht family has a net worth of $38.8 billion, making them the 11 th wealthiest family in the world. How Old Is Peter Albrecht. The Boehringer-Von Baumbachs (from Germany) The two families behind the German pharmaceutical company Boehringer Ingelheim run a bustling enterprise that values their fortune at … Theo was counting his net worth at $16.7 billion in 2010 before his death. Where Is Peter. Here's how the Albrecht family got started and what we know about them today. Born on 28th March 1922, Theo was also famous for being the 31st richest person in the world in 2010 as listed by Forbes magazine. Theo Albrecht died in 2010. One of the richest people on earth at the time of his death, one might ask what was Theo’s net worth at the time? After World War II, brothers Theo and Karl Albrecht found their mother's corner grocery store in Germany still standing — so they ran with it, transforming. The Albrecht fortune was made through the … Theodor Paul Albrecht was an Essen, Rhine Province-born German entrepreneur best known for being the owner and former CEO of the Aldi Nord discount supermarket chain. Theo and Karl Albrecht took their mother's thrifty corner store, still standing in Essen, Germany, after World War II, and turned it into a low-cost supermarket chain that today spans over a dozen countries across Europe and the US. But now, according to a recent report from The Guardian, the family is feuding after one of the founder's wives tried to cut her daughter-in-law and five grandkids out of the family business. According to a German newspaper, the family does not own vacation homes, private jets, or yachts, but instead have chosen to live in seclusion, keeping just a couple thousand euros in their bank account. Peter’s Instagram Peter’s Twitter Karl Albrecht died in 2014. 11. 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.