Theo Albrecht Jr & family

$16.02B

as of 07/12/26

About Theo Albrecht Jr & family

Theo Albrecht Jr. is an heir to Aldi, one of the world's great retail fortunes, along with the heirs of his brother, Berthold.

Aldi was founded in 1913 by his father Theo Sr. and uncle, Karl Sr. as a corner grocery store in Essen, that they began expanding after World War II.

Propagating the discount revolution in German retailing, they ran their Aldi supermarket chain based on a low-price strategy similar to Walmart.

In 1961, the brothers split ownership: Karl Sr. took the stores in southern Germany, plus rights to the Aldi brand in the U.K., Australia and the U.S.

Theo Sr. got the stores in northern Germany and the rest of Europe. In 1971, he bought U.S. grocery discounter Trader Joe's.

Personal stats

Citizenship

Germany

Source of wealth

Aldi, Trader Joe's

Residence

Mulheim an der Ruhr

Birth date

01/01/51 (age 75)

Number of children

Self-made

inherited and growing