Karl Albrecht (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Karl Hans Albrecht born 20 February 1920 is a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. He is among the richest men in the world, with an estimated net worth in 2011 of $25.5 billion according to Forbes, which ranks him 12th in its 2011 list of billionaires. Albrecht is the wealthiest man in Germany. Karl and Theo Albrecht were raised in modest circumstances in Essen, Germany. Their father was employed as a miner and later as a baker's assistant. Their mother had a small grocery store in the worker's quarter of Schonnebeck, a suburb of Essen. Theo completed an apprenticeship in his mother's store, while Karl worked in a delicatessen shop. Karl also served in the German Army during World War II. In 1946, the brothers took over their mother's business. citation needed] The first Aldi (Albrecht-Discount) was opened in 1961.