Inside these posts: Theo Albrecht

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July 28, 2010 at 3:10 p.m.
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Filed under: Chicago executives, Food, Retail

Co-founder of Aldi dead at 88

By Reuters

Theo Albrecht, a reclusive billionaire who made his fortune building up one of Germany’s largest retail empires, has died at the age of 88.

Albrecht, an irrepressibly thrifty man who co-founded the Aldi discount market chain, was ranked by Forbes as Germany’s second-richest person — and ninth worldwide — with a fortune of almost 19 billion euros ($24 billion). Get the full story »