⬅ # 132 Peter Woo|# 134 Beate Heister

# 133 Karl Albrecht Jr. 

$14.6B

Real Time Net Worth
as of 4/12/2024
$289 (0.00%)

# 133 Karl Albrecht Jr. 

$14.6B

Real Time Net Worth
as of 4/12/2024
$289 (0.00%)
OccupationHeir, Aldi
Source of WealthSupermarkets
Age76
ResidenceEssen, Germany
Marital StatusMarried
ChildrenNone
Age-Adjusted Net Worth$4.95B
Karl Albrecht Jr.
Karl Albrecht Jr.
Germany
Net worth: $14.6B

Self-Made Score 

Wealth History

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Biography

Early Life and Family

Karl Hans Albrecht Jr. was born on February 20, 1948 in Essen, Germany.
He is the son of Karl Albrecht, the co-founder of the Aldi supermarket chain, and his mother's name was Siepmann Stiftung.
Karl Albrecht Sr. passed away in 2014 at the age of 94, leaving behind a significant retail legacy.
His uncle, Theo Sr., the co-founder's brother, also played a crucial role in the family's business and passed away in 2010 at the age of 88.
Karl Jr.'s sister, Beate Heister, is also a billionaire and shares control of the family trust.

Aldi Business Empire

After World War II, Karl Sr. and Theo Sr. took over their family's corner grocery store in Essen, Germany.
In 1961, the brothers divided ownership, with Karl Sr. taking control of stores in southern Germany (Aldi Sued) and rights to the Aldi brand in the U.K., Australia, and the U.S.
Theo Sr. assumed control of stores in northern Germany and the rest of Europe. In 1971, he acquired the U.S. grocery chain Trader Joe's.
Aldi, under Karl Albrecht Sr.'s leadership, expanded to become a global retail giant, with over 2,000 stores in 36 states in the U.S., known for its low prices and no-frills shopping experience.

Career and Personal Life

Karl Albrecht Jr. actively worked for Aldi Süd in various roles until his resignation, prompted by a cancer diagnosis from which he subsequently recovered.
He, along with his sister Beate Heister, controls the family trust, the Siepmann Stiftung, which holds significant influence over Aldi Süd and contributes to their joint fortune.
He is married to Gabriele Mertes, and the couple does not have any children.

How long would it take you to become as rich as Karl Albrecht Jr.?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Karl Albrecht Jr.'s net worth of $14.6B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Karl Albrecht Jr. 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 Karl Albrecht Jr., 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