
Like his older brother, Karl, Theo Albrecht is an intensely private person. (The fact that he was kidnapped in 1971 probably contributes to this fact.) He is worth $18.8 billion, and is three places below his brother on the list of world’s wealthiest billionaires. However, his fortune is nothing to sneeze at. Albrecht has the brand rights to the discount grocer Aldi in the north part of Germany and in all of Europe except Great Britain. Part of the reason his brother, who helped develop the Aldi brand out of their mother’s corner grocery store, is richer is doubtless due to the fact that Karl has the rights to the Aldi brand in the U.S. However, Albrecht has been able to start his own brand, Trader Joe’s, which is gaining some inroads in the U.S. His stake in Supervalu is also probably helping
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