Theo Albrecht, Jr.
Fashion & Retail

Theo Albrecht, Jr. Net Worth

8 months ago

Theo Albrecht Jr. is the heir to one of the world's great retail fortunes, which was built by his father Theo Sr. and uncle Karl after World War II. The brothers split ownership in 1961, with Karl taking the stores in southern Germany and the Aldi brand in the U.K., Australia and the U.S., and Theo Sr. getting the stores in northern Germany and the rest of Europe. In 1971, Theo Sr. bought U.S. grocery discounter Trader Joe's. Together, Aldi Nord and Trader Joe's had estimated sales of around $35 billion in 2015. Theo Jr. and his mother, Caecilie, sit on the board of trustees of the family foundation, and he is currently in a legal battle with the family of his late brother Berthold's former wife, Babette, over control of Aldi Nord.
Theo Albrecht, Jr. is a member of Fashion & Retail

Age, Biography and Wiki

Birth Year 1950
Birth Place Mulheim an der Ruhr, Germany, Germany
Age 73 YEARS OLD
Residence Mülheim an der Ruhr, Germany
Occupation Part owner of Trader Joe's and Aldi Nord
Children 1
Parent(s) Theo Albrecht
Relatives Berthold Albrecht (brother) Karl Albrecht (uncle)

💰 Net worth: $16.5 Billion (2024)

Theo Albrecht, Jr., widely recognized as a prominent figure in the fashion and retail industry in Germany, is expected to have a net worth reaching $16.5 billion by the year 2024. As a member of the renowned Albrecht family, renowned for their ownership of the supermarket chain Aldi, Albrecht Jr. possesses an immense wealth derived from his stake in the company. His financial success is a testament to his exceptional business acumen and his ability to adapt and innovate within the ever-evolving fashion and retail landscape.

2011 $14.4 Billion
2012 $17.8 Billion
2013 $18.9 Billion
2014 $19.3 Billion
2015 $19 Billion
2016 $20.3 Billion
2017 $18.8 Billion
2018 $20.64 Billion

Biography/Timeline

2010

In 2010, his Father Theo Albrecht died, leaving the ownership of the German supermarket chain Aldi Nord and US supermarket chain Trader Joe's to his two sons, but Berthold died in 2012. Theo Albrecht Jr. and the heirs of his brother Berthold inherited the fortune, which originally grew from a corner grocery store opened back in 1913.

Some Theo Albrecht, Jr. images

Tags 1950 births Albrecht family Living people German billionaires German businesspeople in retailing Trader Joe's

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.