Theo Albrecht
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| Theo Albrecht | |
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| Born | March 28, 1922 |
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| Occupation | Entrepreneur, owns Trader Joe's and owns Aldi Nord |
| Net worth | ▲ USD $23.5 billion |
Theodor Paul Albrecht, generally known as Theo Albrecht (born March 28, 1922), is a German entrepreneur, who in 2007 was ranked by Forbes magazine as the 20th richest person in the world, with a net worth of $23.5 billion. He owns the Trader Joe's specialty grocery store chain and was CEO of Aldi Nord chain. His brother Karl Albrecht owns the Aldi Süd discount supermarket chain. The two chains originally were a single family enterprise until a friendly division of assets in 1960. Aldi Süd operates the Aldi groceries in the United States. So Aldi and Trader Joe's, while owned by the brothers, have separate and distinct ownership and operations.
In 1971, Theo was kidnapped for 17 days. A $3 million dollar ransom was paid for his release. [1]
[edit] See also
[edit] References
- ^ Wire story authored by Pia Sarkar, San Francisco Chronicle
[edit] External links
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