World's Richest Men - RichestMen.net


Ninth Spot: Theo Albrecht

Theodor Paul Albrecht, generally known as Theo Albrecht (born March 28, 1922), is a German entrepreneur, who in 2008 was ranked by Forbes magazine as the 16th richest person in the world, with a net worth of $23 billion. Despite losing over $4 billion during 2008, Theo Albrecht has jumped seven places in the rich list to ninth spot in 2009.

He owns the Trader Joe's specialty grocery store chain and was CEO of Aldi. He and his brother Karl Albrecht owned the Aldi discount supermarket chain.

In 1971, Theo was kidnapped for 17 days. A $3 million dollar ransom was paid for his release.

Fortune
Business
Country
Status
18.8  Billion
Retailing
Germany
Married, 2 children
After World War II Theo and his older brother, Karl, transformed their mother's corner grocery store into discount supermarket giant Aldi, which now has more than 7,000 stores and $49 billion in sales. They eventually split ownership and management of the group into North and South regions.
 

 

Theo still manages Aldi's less profitable northern chain with the help of his 2 sons. In the U.S. owns gourmet food retailer Trader Joe's and a stake in Supervalu Inc. After being kidnapped for 17 days in 1971 has shunned the limelight. Little is known about him, though rumor has it that he is very thrifty, collects old typewriters and loves to golf. (wiki)

 


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