Karl Albrecht – Retail – Germany Billion Dollar People Section @ BillDoll.com – The Billion Dollar Site

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Karl Albrecht – Retail – Germany Main Page: Top 100 Billionaires 2006 You are at: Billion Dollar Site > Billion Dollar People > Top 100 Billionaires 2006 > Karl Albrecht – Retail – Germany .. .. Karl Albrecht Field – Retail Citizenship – Germany Age – 86 Net worth (US $ billion) - 17.0 Residence - Germany Content derived from Wikipedia article on Karl Albrecht Karl Albrecht Karl Hans Albrecht (born 1920 in Essen, Germany) is a German entrepreneur who founded the discount supermarket chain, Aldi, with his brother Theo. He is among the richest men in the world, with an estimated net worth of $17.0 billion (Forbes,2006). Albrecht is the wealthiest man in Germany. Karl and Theo Albrecht were raised in modest circumstances. Their father was employed as a miner and later as a baker’s assistant. Their mother had a small grocery store in the worker’s quarter of Schonnebeck. Theo completed an apprenticeship in his mother’s store, while Karl worked in a delicatessen. Karl also served in the German Army during World War II. After the end of World War II, the brothers took over their mother’s business (1946). The first Aldi (Albrecht-Discount) was opened in 1961. Aldi’s operations were later divided between the brothers, with Karl taking control of the more profitable Aldi Süd (South), and Theo managing Aldi Nord (North). Because Karl Albrecht has withdrawn himself from public life, little is known about him. He is married and has either one or two children. Forbes magazine reports that he has two children, neither of whom are employed by Aldi. The German language version of Wikipedia claims he has only one child. Karl Albrecht reportedly lives today in Switzerland. He is a fan of golf, and plays at his personal golf course, the Öschberghof, which he built in 1976. He also raises orchids. In 1994, Karl Albrecht removed himself from the daily operations of Aldi Süd and took the position of chairman of the board. At the beginning of 2002, he also relinquished this position, thereby completely ceding control of the firm. Today, the business is no longer run by any of Karl Albrecht’s family members. .. .. Main Sections @ The Billion Dollar Site Billion Dollar Questions Billion Dollar People - The World of Billionaires Billion Dollar Ideas Billion Dollar News Billion Dollar FAQ Reference Section Some interesting questions from Billion Dollar Questions: Business & Finance How can I make a million dollars quickly? How can I make money in the stock market? How can I make money from the commodity markets? How can I make money from forex markets? How can I make money from real estate? How can I make money on the Internet? Will outsourcing to developing countries affect the economies of developed countries? How can I grow my small business into a very large and successful business? How can I generate viral marketing for my products/services? What are the big business & investment opportunities in the emerging economies How can I get venture capital for my business? How do I evaluate the best management/business consultants for my business? What are the emerging & big business opportunities in the IT & software industries? Education & Career How can I get the best job for my qualifications? How can I become brilliant? How can I use creative thinking to get ahead in life? How can I achieve great leadership qualities? Some other resources you could find interesting Syn.in – Simply Yummy & New Updates – interesting and cool news updates from around the world The Outsourcing & Business Process Blog @ eBPO.in Credits & Copyright: This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Karl  Albrecht

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