⬅ # 173 Laurene Powell Jobs|# 175 Henry Kravis

# 174 Theo Albrecht Jr 

$11.8B

Real Time Net Worth
as of 4/12/2024
-$98.4M (-0.84%)

# 174 Theo Albrecht Jr 

$11.8B

Real Time Net Worth
as of 4/12/2024
-$98.4M (-0.84%)
OccupationHeir, Aldi
Source of WealthAldi, Trader Joe'S
Age73
ResidenceMulheim an der Ruhr, Germany
Children1
Age-Adjusted Net Worth$4.88B
Theo Albrecht Jr
Theo Albrecht Jr
Germany
Net worth: $11.8B

Self-Made Score 

Wealth History

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Biography

Overview

Theo Albrecht Jr. was born in 1950 in Essen, Germany.
His father, Theo Albrecht Sr., was the CEO and owner of Aldi Nord discount supermarket chain.
The Albrecht family, known for their obsession with secrecy, had a strict Catholic upbringing, emphasizing privacy.
After Theo Albrecht Sr.'s death, the company was managed by both Berthold Albrecht and Theo Albrecht Jr. until late 2012.

Career and Business

From a corner grocery store in Essen, opened in 1913, Theo Sr. and Karl Sr. built the Aldi supermarket chain empire after World War II.
Propagating the discount revolution in German retailing, Aldi ran on a low-price strategy similar to Walmart.
In 1961, the brothers split ownership, with Karl Sr. taking stores in southern Germany and international rights to the Aldi brand.
Theo Sr. obtained stores in northern Germany and the rest of Europe.
In 1971, Theo Sr. acquired U.S. grocery discounter Trader Joe's.

Family and Personal Life

The Albrecht family is notoriously secretive, with little information available about their childhood or personal lives.
The family, including Theo Albrecht Jr., is known for upholding the values of modesty and thrift.
The Albrechts are close-knit, emphasizing the safeguarding of family from external influences.
The family's reclusive nature reached an extreme when Theo Albrecht Sr. was kidnapped, showcasing their frugal and secretive lifestyle.
Theo Albrecht Jr. has maintained the family's tradition of privacy, even as the outside world knows little about his personal and professional timeline.

How long would it take you to become as rich as Theo 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 Theo Albrecht Jr's net worth of $11.8B.

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.

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

Theo 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 Theo Albrecht Jr, Aldi and Trader Joe'S are the primary sources. 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