Net Worth: $25 B
Fortune : Self Made
Source : Aldi
Country Of Citizenship : Germany
Residence : Mulheim an der Ruhr‚ Germany
Education : NA
Date of Birth : February 20th 1920
Profession : Entrepreneur‚ owns Aldi Sud
Family : Spouse(s)‚ Children: 2
Karl Albrecht is the German entrepreneur and the founder of the famous supermarket chain‚ Aldi. His net worth is estimated to be $23.5 billion making him the 10th richest billionaire in the World Top billionaire List by Forbes. Karl is also the wealthiest man in Germany. His talent doesn’t have its limit at only that. Karl Albrecht is a prolific author‚ management consultant and a futurist speaker. He has been involved with a lot of business organizations and different industries worldwide in his twenty years of career. A favourite consultant of the senior executives and a lecturer on dynamic principles of business‚ Karl Albrecht has written as many as 25 books on different aspects of business.
Karl Albrecht is the Chairman of Karl Albrecht International and also has a consulting group‚ a seminar firm‚ and a publishing company by his name.
The discount chain Aldi (Albrecht-Discount) was founded by Karl Albrecht with his brother Theo. Karl’s father was a miner and a baker’s assistant later in his career while his mother had a corner grocery store in the worker’s quarter of Schonnebeck in the suburb of Essen. Theo worked as an apprentice in the shop whereas Karl had been working in a delicatessen shop. During the World War‚ Karl was also serving his country as a part of the German army.
This was after the World War II in 1946 that the brothers took over their mother’s business. In 1961‚ the first Aldi (Albrecht-Discount) was opened. The brothers divided the ownership and the management of the business chains between themselves to North and South regions. Karl managed the Aldi Süd which was in a way more profitable whereas Theo took care of the Aldi Nord.
Who would now believe that the small grocery store had grown into the giant Aldi having more than 8‚000 stores and sales of $67 billion!
In 1994‚ Karl took a sort of retirement from the business and withdrew from the operations of Aldi Süd. Instead‚ he positioned himself as the chairman of the board. In 2002‚ he gave up that position as well. Now‚ the business is not run by Karl Albrecht or any of his family members.
Karl is a fiercely private man‚ and little is known about him save few:
|Carlos Slim Helu Profile||William Gates III Profile||Warren Buffett Profile|
|Mukesh Ambani Profile||Lakshmi Mittal Profile||Lawrence Ellison Profile|
|Bernard Arnault Profile||Eike Batista Profile||Amancio Ortega Profile|
|Karl Albrecht Profile||Ingvar Kamprad Profile||Christy Walton Profile|
|Stefan Persson Profile||Li Ka-shing Profile||Jim Walton Profile|
|Alice Walton Profile||Liliane Bettencourt Profile||S. Robson Walton Profile|
|Prince Alwaleed Bin Talal Alsaud Profile||David Thomson Profile||Michael Otto Profile|
|Lee Shau Kee Profile||Michael Bloomberg Profile||Sergey Brin Profile|
|Charles Koch Profile||David Koch Profile||Larry Page Profile|
|Michele Ferrero Profile||Azim Premji Profile||Kwok family Profile|
|Theo Albrecht Profile||Vladimir Lisin Profile||Steven Ballmer Profile|
|Robert Kuok Profile||George Soros Profile||Anil Ambani Profile|
|Paul Allen Profile||Michael Dell Profile||Mikhail Prokhorov Profile|
|Birgit Rausing Profile||Shashi & Ravi Ruia Profile||Mikhail Fridman Profile|
|Jeffrey Bezos Profile||Savitri Jindal Profile||Donald Bren Profile|