- Karl Albrecht
Infobox Celebrity
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name = Karl Albrecht
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birth_date = birth date and age|1920|2|20
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death_date =
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occupation = Entrepreneur, ownsAldi Sud
salary =
networth = profit USD $27.0 billion, 17 G€ (gigaeuro )
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footnotes =Karl Hans Albrecht (born
20 February 1920 ) is a German entrepreneur who founded the discountsupermarket chainAldi with his brother Theo. He is among the richest men in the world, with an estimatednet worth in 2007 of $27.0 billion. [ [http://www.forbes.com/lists/2007/10/07billionaires_Karl-Albrecht_3VFF.html Forbes: The World's Billionaires - Karl Albrecht] ] Albrecht is the wealthiest man in Germany.Biography
Karl and Theo Albrecht were raised in modest circumstances in
Essen . Their father was employed as aminer and later as abaker ’s assistant. Their mother had a smallgrocery store in the worker’s quarter of Schonnebeck. Theo completed anapprenticeship in his mother’s store, while Karl worked in adelicatessen shop. Karl also served in the German Army duringWorld War II . After the end of World War II, the brothers took over their mother's business (1946). The first Aldi (Albrecht-Discount) was opened in 1961.Aldi's operations were later divided between the brothers, with Karl taking control of the more profitable Aldi Süd (South), and Theo managing Aldi Nord (North).
Because Karl Albrecht has withdrawn himself from public life, little is known about him. He is married, and
Forbes magazine reports that he has two children, neither of whom are employed by Aldi. Both Albrecht brothers reportedly live today in Essen, Germany. He is a fan ofgolf , and plays at his personalgolf course , the Öschberghof, which he built in 1976. He also raisesorchids .In 1994, Karl Albrecht removed himself from the daily operations of Aldi Süd and took the position of chairman of the board. At the beginning of 2002, he also relinquished this position, thereby completely ceding control of the firm. Today, the business is no longer run by any of Karl Albrecht’s family members.
ee also
*
List of billionaires References
External links
* [http://www.forbes.com/lists/2007/10/07billionaires_Karl-Albrecht_3VFF.html Membership on the Forbes global list of billionaires]
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