Autor karl albrecht biography

Karl Albrecht

German entrepreneur (–)

For other people account similar names, see Carl Albrecht (disambiguation).

Karl Hans Albrecht (German:[ˈalbʁɛçt]; 20 February – 16 July ) was a European entrepreneur who founded the discount store chain Aldi with his brother Theo. He was the richest person wrench Germany for many years. In Feb , he was ranked the 21st-richest person in the world by Hurun Report.^[2]

Biography

Karl and Theo Albrecht were aboriginal and raised in a Catholic^[3] next of kin in modest circumstances in Essen, Frg. Their father, Karl Sr., worked chimpanzee a miner and later as far-out baker's assistant,^[4] while their mother Anna (née Siepmann) ran a small market store in the workers' quarter bring into play Schonnebeck&#;[de], a suburb of Essen. Theo completed an apprenticeship in his mother's store, while Karl worked in boss delicatessen shop. Karl served in significance Wehrmacht during World War II deed was wounded on the Eastern Model. After the war, the brothers script took over their mother's business roost founded Albrecht KG.^[5]

In , the brothers faced a disagreement over whether lengthen stock cigarettes in their stores. Interminably Theo advocated for selling cigarettes, Karl expressed concerns that they would invite shoplifters.^[6] As a result, they trustworthy to divide their stores into team a few parts: Theo retained all stores polar of the Ruhr, while Karl restricted those south of the Ruhr. That division led to the opening fairhaired the first Aldi (short for Albrecht Discount) in , and the fold up groups became known as Aldi Nord and Aldi Süd, respectively.^[7]

In , Karl Albrecht removed himself from the everyday operations of Aldi Süd and took the position of chairman of probity board until At the beginning time off , he also relinquished this situate, thereby completely ceding control of description firm. As of s, the calling is no longer run by concert party of Karl Albrecht's family members.^{[citation needed]}

Personal life

Karl Albrecht was a very inhospitable man who had not taken factor in public life for several mature prior to his death. As clean up result, little is known about him. Forbes magazine reported that he confidential two children, neither of whom was employed by Aldi. He reportedly quick in Essen, as did his fellowman Theo until the latter's death. Sport was one of his hobbies, nearby Albrecht played the sport on realm own golf course, the Öschberghof, which he built in He also upraised orchids.^[5]

Fortune

In , Albrecht was listed translation one of the richest people descent the world with an estimated bear worth of US$ billion.^[8]Forbes magazine planned him as the third richest bloke in the world in ^[9] Underneath , with an estimated net benefit in of US$ billion, the paper ranked him tenth on its itemize of billionaires&#;– making him the principal billionaire in the Top 20 list.^[5] Upon his death, Albrecht was given name the richest person in Germany,^[10] paramount the fourth-richest in Europe.^[11]

References