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Theodor “Theo” Albrecht, Jr., the German billionaire businessman, is the son of Theo Albrecht, founder of Aldi, who inherited the business after his father’s death and currently holds a net worth around $20.6 Billion and ranked 34 in the list of riches.
|Date of Birth||1st January 1950|
|Source of Wealth||Aldi, Trader Joe's|
|Residence||Mulheim a der Ruhr, Germany|
Theo Albrecht, Jr. and his mother, Cecilia, are the trustees of the family foundation.
Theo Albrecht, Jr. took over the family business of the self-styled Aldi Nord, as a co-owner together with his cousin, which is currently valued at $17.1 Billion.
He had expanded the business with his efforts and today Aldi Nord has 2,500 stores in Northern, Western and Eastern Germany covering 35 individual regional companies in Germany.
The stores of Aldi Nord is also seen in the United States, Benelux countries, France, Denmark, Iberian Peninsula, Poland and Denmark.
Theo Albrecht, Jr. is the proud owner of Mercedes Benz E Class, which was earlier among the luxurious vehicles of his father.
Theo Albrecht, Jr. is the owner of Aldi Nord, leading global supermarket chain with presence in 18 countries with more than 10,000 stores.
Theo Albrecht, Jr. embellishing property includes his house in Mülheim a der Ruhr, Germany, where he lives with his wife and one child, Dorothy Albrecht.
He acquired a foundation that was set up by his father Theo Sr. and his businesses made the operations through the support of this family foundation.
Theo Albrecht, Jr. is a reclusive businessman who makes sure that the outside world does not interfere in his family lives.
Theo Albrecht Jr seems to follow the ideals of his family and upholds the values that they have inculcated in them.
Theo Albrecht Jr. and the Albrecht family are notoriously known for their secret life. They are often jokingly called as ‘more secretive than a yeti.’
He had a book written in his name,”Road to Riches”, which includes his life journey from his childhood to the challenges he faced in becoming a Billionaire.
Theo Albrecht, Jr.'s profile was listed among America's richest people and published in the book Road to Riches.