European Entrepreneurs, Biography, Theo Albrecht, Aldi, Born in 1922

Theo Albrecht was born in 1922 in Germany.

He was a German entrepreneur who co-founded the international retail chain Aldi.

Theo and his brother Karl Albrecht ran Aldi from 1948 until their retirements in 1993 and 1994 respectively.

Aldi was split into two separate groups, Aldi Nord and Aldi Süd, led by the brothers.

By the late 1990s, Aldi had become the largest retailer in Germany.

Theo Albrecht was one of the wealthiest men in the world, with an estimated net worth of $16.7 billion.

In 2010, Forbes magazine listed him as the 23rd-richest person in the world.

Thank you for Reading. Learn Fast With Kimavi