WORLD TOP BILLIONAIRES...................................................................................................................................................................................................................................................................................
Theodor Paul Albrecht, generally known as Theo Albrecht (born March 28, 1922), is a German entrepreneur, who in 2007 was ranked by Forbes magazine as the 20th richest person in the world, with a net worth of $23.5 billion. He owns the Trader Joe's specialty grocery store chain and was CEO of Aldi Nord chain. His brother Karl Albrecht own the Aldi Süd discount supermarket chain. The two chains originally were a single family enterprise until a friendly division of assets in 1960. Aldi Süd operates the Aldi groceries in the United States. So Aldi and Trader Joe's, while owned by brothers, have separate and distinct ownership and operations. Albertsons announced recently that it was being sold to an investor group made up of Supervalu, CVS and Cerberus; the deal has not yet been completed. After being kidnapped for 17 days in 1971, he has understandably shunned the limelight. |
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