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Theodor Paul Albrecht ( German: [ˈalbʁɛçt]; 28 March 1922 – 24 July 2010) [ 1] was a German entrepreneur. He established the discount supermarket chain Aldi with his brother Karl Albrecht. In 2010, Theo was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion. [ 5]
Karl and Theo Albrecht were born and raised in a Catholic [ 3] family in modest circumstances in Essen, Germany. Their father, Karl Sr., worked as a miner and later as a baker's assistant, [ 4] while their mother Anna (née Siepmann) ran a small grocery store in the workers' quarter of Schonnebeck [ de], a suburb of Essen.
Apr 28, 2019 · Theo fought in Rommel’s Afrika Korps before becoming a POW in Italy in 1945. They returned home after the fighting stopped to find Essen decimated by bombing - their family's shop,...
- Nathan Bevan
Karl and Theo Albrecht's mother owned a small grocery store in a working class neighborhood of Essen, Germany. Karl and Theo would go on to grow that small grocer into a worldwide company...
Jul 23, 2014 · Karl (right) and Theo Albrecht were brought up in humble surroundings in the then industrial Ruhr city of Essen. Their father was a miner whose ability to earn a living underground was...
Born in Schonnebeck, a suburb of Essen in the industrial Ruhr region of Germany in 1922, Theodor Paul Albrecht was two years younger than his brother Karl.