Karl Albrecht is a German entrepreneur, and businessman who is probably best known as the Founder of the Aldi discounted supermarket chain.
Aldi discounted supermarket chain founder Karl Albrecht never ranked as the richest person in the world.
| Net worth | $25 Billion |
| Last Updated: | March 03, 2014 |
| Age: | died at 94 |
| Born: | February 20, 1920 |
| Gender: | Male |
| Height: | – |
| Nationality: | German |
| Source of Wealth: | Aldi discounted supermarket chain |
Karl Albrecht’s Net Worth Over Time
According to both Bloomberg’s Billionaires Index and Forbes, Karl Albrecht was the 21st-wealthiest person in the world in 2014. This figure comes from Forbes’ real-time figures.
Here is Karl Albrecht’s Net Worth Over Time According to Forbes,
| Year | Net worth |
| 2005 | $18.5 Million |
| 2006 | $17 Billion |
| 2007 | $20 Billion |
| 2008 | $27 Billion |
| 2009 | $21.5 Billion |
| 2010 | $23.5 Billion |
| 2011 | $25.5 Billion |
| 2012 | $25.4 Billion |
| 2013 | $26 Billion |
| 2014 | $25 Billion |
Karl Albrecht’s Companies
- Aldi discounted supermarket chain
How did Karl Albrecht become rich?
Most of Karl Albrecht’s wealth comes from Aldi’s discounted supermarket chain and other personal investments.
Career Highlights
- Brothers Karl and Theo Albrecht officially founded the German grocery chain Aldi in 1946.
- By 1955, the chain had more than 100 stores throughout Germany.
- In 1961 the brothers changed the name to Aldi.
- In 1976 first international Aldi store was opened.
- In 1979, Theo’s Aldi Nord bought a small California grocery chain called Trader Joe’s.
- 2008 financial crisis has made good fortune for Aldi owners.
- Karl has died on July 16th, 2014.
Famous Karl Albrecht Quotes
There are only two ways to establish competitive advantage: do things better than others or do them differently.
Karl Albrecht
Start out with an ideal and end up with a deal.
Karl Albrecht
Old paradigms die hard, even if they don’t work.
Karl Albrecht