About Karl Albrecht
Karl Hans Albrecht was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. He was the richest person in Germany for many years. In February 2014, he was ranked the 21st-richest person in the world by Hurun Report. Karl Hans Albrecht (German:; 20 February 1920 – 16 July 2014) was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. In 2012, with an estimated net worth in 2011 of US$25.4 billion, the magazine ranked him tenth on its list of billionaires – making him the oldest billionaire, age 91, in the Top 20 list. After the war, the brothers jointly took over their mother's business and founded Albrecht KG. This division led to the opening of the first Aldi (short for Albrecht Discount) in 1962, and the two groups became known as Aldi Nord and Aldi Süd, respectively.
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