Theo Albrecht Jr & Family

Theo Albrecht Jr, the only son of Theo Albrecht, inherited a large fortune after the death of his father. As per Forbes estimates, his net worth now stand at $18.9 billion. His father, Theo Albrecht, was instrumental in building up a large grocery chain in Germany and rest of Europe in the 1960s. When he died all his wealth was transferred to his two sons, Theo Jr and Berthold. The latter, sadly, breathed his last in November 2012 leaving behind his wife and children (5). 

Read also :  The Billionaires of Germany

Both the brothers inherited Aldi Nord and Trader’s Joe which is basically a discount grocery retail store. These 2 chains together have more than 5,000 stores across Europe and US and they earned an estimated $35 billion in 2011. They own Trader’s Joe because Theo Sr had bought the store way back in 1971. 

All the businesses of Theo Albrecht Jr & Family are controlled by a family foundation which ensures that the company remains intact and it is not split up into different branches of the Albrecht family. The foundation only gives out dividends to the family members and all the members of the family still enjoy a stake in the different companies. Surely this is a unique way of keeping the family business intact without meddling too much in its day-to-day operations. 

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)