Wednesday, December 15, 2010

Karl Albrecht –Powerful Package Come in Small!

Karl Albrecht was born on February 20, 1920. Karl grew into a big businessman who founded the discount supermarket chain Aldi. He started this venture with his brother Theo Albrecht.  Karl Albrecht is named among the richest men in the world as his fortune is worth $23.5 billion according to Forbes. He is considered as the wealthiest German in 2010

These two brothers grew up very comfortably. Their father served as miner and as assistant baker. As usual their mother had a great role in their lives. She owned a small grocery shop at Schonnebeck. This very small grocery store got expanded and became as Aldi supermarkets by Karl and Theo Albrecht. For a short period of time both brothers served in different field. But in 1961, they took over their mother’s business, opening their first store with refined touch.

The two brothers thoughtfully divided to manage their stores. Clever Karl chose the most roaring and profitable souther section (Aldi Sud) and Theo managing the northern branches (Aldi Nord).Very little is known about his rest of life. His brother Theo got kidnapped in 1971. His personal life is also kept under the wraps. It is assumed that both brothers today live in Essen, Germany.

Karl had his own golf course built in 1976. He is well known as a die hard fan of golf. Karl is fond of growing orchids and old type writers. Karl withdrew from public eyes in 1994 became chairman of the board. Somehow today neither Karl nor Theo has any control over Aldi today. Aldi chains have spread across the world making good name and fame.

 Author -Geeta Rao

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