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# Berthold Albrecht

Random fact: Berthold fathered quadruplets, three boys and one girl, in 1990.

Overview

Berthold Albrecht inherited half of closely held supermarkets Aldi Nord and Trader Joe's from his father, Theo Albrecht Sr. The grocers operate about 5,000 stores worldwide and generate $41 billion in estimated annual revenues. Theo Sr. co-founded discount supermarket chain Aldi with brother Karl in 1960. Berthold died in November 2012.

As of Sept. 22, 2017:
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Industry Retail
Biggest asset N/A
Citizenship Germany
Wealth Inherited
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Relative Value

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Net Worth Summary

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Biography

Birthdate: 1954
Family: Married, 5 children

Father Theo Albrecht Sr. was born in Essen, Germany, in 1922 to Karl Albrecht Sr., a miner, and Anna Albrecht, who owned and ran a local supermarket. Theo Sr. took over his mother's grocery store in Essen with his brother, Karl Jr., following their return from World War II; they each served in the Nazi army. By 1953, the brothers had expanded to about 30 German discount supermarkets under the name "Albrechts."

In the early 1960s, with 300 stores in the Essen region, Albrechts supermarkets went national, and the company's name was changed to Aldi (Albrecht-Discount). The brothers soon split Aldi into two separate companies -- Aldi Sued and Aldi Nord -- after they couldn't agree on whether they should sell cigarettes in their stores.

Theo took the northern part of West Germany, plus western and southern Europe. Today, Aldi Nord operates about 4,500 stores generating an estimated $34 billion in annual global revenue. Theo acquired U.S. retail food chain Trader Joe's in 1979. Karl owns and operates the stores in southern and southwest Germany, the U.S., U.K., Australia and eastern Europe.

Theo Sr. shunned public life after he was kidnapped in 1971. He stepped down as Aldi Nord CEO in 1993, and died in July 2010, at age 88. He was married to Cecilia Albrecht, and had two sons, Berthold and Theo Jr., and six grandchildren.

Theo Jr. and Berthold each received half of their father's fortune, and serve on Aldi Nord's supervisory board. Theo Jr. is married with one child. Berthold is married and has five children, including quadruplets: three boys and one girl.

Milestones
  • 1920 Uncle, Karl Albrecht Jr., is born in Essen, Germany.
  • 1922 Father, Theo Sr., born in Essen to Karl Sr. and Anna Albrecht.
  • 1946 Albrecht brothers take over their mother's grocery store in Essen.
  • 1960 "Albrechts" renamed Aldi and split in two by the siblings.
  • 1962 First Aldi Nord store opens in Dortmund, Germany.
  • 1971 Theo Sr. kidnapped; family pays 7 million Deutsche Mark ransom.
  • 1973 Creates Markus trust to hold Aldi and manage family wealth.
  • 1979 Acquires Trader Joe's, an American retail food chain.
  • 1990 Berthold becomes a father of quadruplets: three boys, one girl.
  • 2010 Theo Sr. dies at 88; sons Berthold and Theo Jr. inherit fortune.