⬅ # 119 Pavel Durov|# 121 Karl Albrecht Jr.

# 120 Beate Heister 

$15.7B

Real Time Net Worth
as of 7/12/2024
$344 (0.00%)

# 120 Beate Heister 

$15.7B

Real Time Net Worth
as of 7/12/2024
$344 (0.00%)
OccupationHeiress, Aldi
Source of WealthSupermarkets
Age73
ResidenceNeuss, Germany
Marital StatusMarried
Children6
Age-Adjusted Net Worth$6.49B
Beate Heister
Beate Heister
Germany
Net worth: $15.7B

Self-Made Score 

Biography

Biography

Beate Heister (née Albrecht) was born on October 5, 1951, in Essen, Germany.
She is the daughter of Karl Albrecht Sr., co-founder of Aldi, and the sister of billionaire Karl Albrecht Jr.
Karl Albrecht Sr. and his brother Theo Sr. took over their family's grocery store in Essen after World War II.
In 1961, the brothers split ownership, with Karl Sr. taking stores in southern Germany (Aldi Sued) and rights to Aldi brand in the U.K., Australia, and the U.S.

Personal Life

Beate Heister is married to entrepreneur Peter Heister, formerly the head of Aldi South and related to the Werhahn family.
She and Peter Heister have six children.
Born in Essen, Beate currently resides in Neuss, Germany.
Described as 'notoriously reclusive,' she shares a resemblance to her father Karl Albrecht in 'uncompromising hardness,' according to Manager Magazin.

Business

Heister controls half of Aldi South, overseeing 6,000+ stores across southern Germany, the U.S., Austria, Italy, Switzerland, and other countries.
Beate, her husband Peter, and their son Peter Max Heister serve on Aldi's advisory board.
Her son Christian is a member of the board of directors.
In 2021, Beate Heister remained active as a board member of the Siepmann Foundation, named after her paternal grandmother.

How long would it take you to become as rich as Beate Heister?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Beate Heister's net worth of $15.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Beate Heister is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Beate Heister, Supermarkets is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey