Karl Albrecht

Karl Hans Albrecht (20 February 1920 – 16 July 2014) was a German entrepreneur. He founded the supermarket chain Aldi with his brother Theo. In October 2012, Albrecht was listed as one of the richest people in the world with an estimated net worth of US$22.6 billion.

 Biography 
Albrecht was born on 20 February 1920 in Essen, Germany. The Albrecht brothers took over a shop run by their mother when she died.

In 1960, the brother disagreed about whether to sell cigarettes in their stops. The brothers split the business in two. Karl owned the stores in the south of Germany. He later expanded the business to the United States, Australia and the United Kingdom.

 Personal life 
He was married. He has two children. Albrecht lived in Mulheim an der Ruhr, Germany.

Previously, Forbes listed him as one of richest men in the world, with an estimated net worth in 2011 of US$25.4 billion. That made him 10th in the 2012 Forbes list of billionaires. He was the oldest billionaire in the Top 20 list. Albrecht was the richest person in Germany, and the fourth-richest in Europe.

Albrecht died in Essen, Germany from natural causes, aged 94.

References

Other websites
Forbes topic page on Karl Albrecht 

Category:1920 births
Category:2014 deaths
Category:German billionaires
Category:German businesspeople
Category:People from Mülheim