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Karl Albrecht Jr. & family
PROFILE
Karl Albrecht Jr. & family
$15.7B
Real Time Net Worth
as of 5/31/24
Reflects change since 5 pm ET of prior trading day.
Heir to the Aldi retail fortune, Karl Albrecht Jr. is the son of Karl Albrecht Sr., who died in 2014 at age 94. His sister, Beate Heister, is also a billionaire.
After World War II, Karl Sr. and his brother, Theo Sr., who died in 2010 at age 88, took over their family's corner grocery store in Essen, Germany.
In 1961, the brothers split ownership: Karl Sr. took the stores in southern Germany (Aldi Sued), plus rights to the Aldi brand in the U.K., Australia and the U.S.
In the U.S., Aldi has more than 2,000 stores in 36 states, offering low prices and no-frills shopping.
Theo Sr. got the stores in northern Germany and the rest of Europe. In 1971, he bought U.S. grocery chain Trader Joe's.
Catalysing the flow of capital into emerging markets will accelerate global climate action. The World Bank and IMF are clearly trying, but more can be done.
Real Madrid coach Carlo Ancelotti said that Xavi Hernandez's firing by the club of his life will be "good for Xavi and maybe also for Barcelona" during an interview.
The UEFA Champions League final is on Saturday, June 1st, and Real Madrid coach Carlo Ancelotti has decisions to make regarding his selection against Borussia Dortmund.
Robert F. Kennedy Jr.'s biggest claim to fame is that he's a leader of the modern anti-vaccine movement. He's never held public office, but he's running for president.