Age, Biography and Wiki

Theo Albrecht (Theodor Paul Albrecht) was born on 28 March, 1922 in Essen, Rhine Province, Prussia, Weimar Republic, is a German businessman (1922–2010). Discover Theo Albrecht's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 88 years old?

Popular As Theodor Paul Albrecht
Occupation Entrepreneur
Age 88 years old
Zodiac Sign Aries
Born 28 March 1922
Birthday 28 March
Birthplace Essen, Rhine Province, Prussia, Weimar Republic
Date of death 24 July, 2010
Died Place Essen, North Rhine-Westphalia, Germany
Nationality Russia

We recommend you to check the complete list of Famous People born on 28 March. He is a member of famous Entrepreneur with the age 88 years old group.

Theo Albrecht Height, Weight & Measurements

At 88 years old, Theo Albrecht height not available right now. We will update Theo Albrecht's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Theo Albrecht's Wife?

His wife is Cäcilie Albrecht

Family
Parents Anna Siepmann (mother) Karl Albrecht (father)
Wife Cäcilie Albrecht
Sibling Not Available
Children Theo Albrecht Jr. Berthold Albrecht

Theo Albrecht Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Theo Albrecht worth at the age of 88 years old? Theo Albrecht’s income source is mostly from being a successful Entrepreneur. He is from Russia. We have estimated Theo Albrecht's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Entrepreneur

Theo Albrecht Social Network

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Timeline

1922

Theodor Paul Albrecht (28 March 1922 – 24 July 2010) was a German entrepreneur.

He established the discount supermarket chain Aldi with his brother Karl Albrecht.

1940

In 1940, at the age of 18, Theo was conscripted into the German Army and served in the North African campaign.

Theo was captured by Americans in Tunisia.

1946

In 1946 he returned to Germany.

1960

Theo and Karl Albrecht split the Aldi Company they founded in 1960 after a dispute about whether to sell cigarettes.

The supermarket divided into two legally separate operating units with two distinct geographical locations.

Theo's Aldi Nord set to operate in the north of Germany, while Karl's Aldi Süd set to operate in Germany's south.

1971

In 1971, Albrecht was kidnapped.

A ransom of seven million German marks (approximately US$2 million at the time) was paid for his release.

He was held at gunpoint by Heinz-Joachim Ollenburg, a lawyer, and his accomplice Paul Kron.

The ransom sum was delivered by Franz Hengsbach, then Bishop of Essen.

His kidnappers were eventually caught by authorities, but only half of the money was recovered.

Albrecht later unsuccessfully claimed the ransom as a tax deductible business expense in court.

Albrecht was raised in a Catholic household.

Albrecht's kidnapping in 1971 partially explains his and the family's hermit-like manner of existence.

The kidnapping caused him to drive to work in an armored car, using a different route every day.

Little is known about Theo and the Albrecht family's personal lives.

The Albrecht family members are known to be very reclusive and have been described by Forbes as 'more reclusive than the yeti'.

Theo was rarely pictured by photographers, and he never made a public statement.

The last published photo of Theo Albrecht dates from 1971, one day after his kidnapping.

1987

Another photo of the two Albrecht brothers together was taken in 1987 by journalist Franz Ruch.

Albrecht and his brother Karl were once said to own an island located in the North Sea, where they indulged their hobbies such as golf and pastimes, including the collecting of antique typewriters.

Theo had, as do members of the Albrecht family now, a highly secure estate overlooking the Ruhr valley.

Obsessed with frugality, Theo is said to have collected and used pencil stubs frequently.

He was also known to wear cheap, poorly fitting suits, and preferred plain meals with many potatoes.

When he was asked to approve the plans for a new store in the Netherlands, he stated that the design was good, but the paper it was drawn on was too thick: "If you use thinner paper, we will save money."

1993

Theo retired from daily operations in 1993 and remained as chairman of the board.

2010

In 2010, Theo was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion.

Albrecht learned the grocery business from his mother, in order to escape the fate of his father in the mines.

He and his brother Karl developed Albrecht Diskont, one of Europe's largest chains of supermarkets, with the motto "The best quality at the lowest price," and now known by its acronym, Aldi.

Forbes has estimated Theo's fortune from the supermarket chain as approximately £11 billion.

Albrecht died 24 July 2010, in his hometown of Essen.