Karl Albrecht dead: Aldi founder and one of world’s richest men passes away aged 94
As a result of his commercial success, Albrecht enjoyed an net worth of $25.9billion
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Professor Karl Albrecht, one of the world’s richest people, has died.
The co-founder of the Aldi store empire passed away in Essen, West Germany on 16 July. He was 94.
Albrecht was buried today (21 July) at a small, private ceremony in the Bredeney district where he lived, Essen’s city hall confirmed to the AP.
The news was later confirmed by Aldi’s press office.
Together with his brother Theo, who passed away in 2010, Albrecht founded Aldi – short for “Albrecht Discount” – in 1962.
Aldi now boasts thousands of stores in 17 countries across Europe, Australia and North America.
As a result of his commercial success, Albrecht enjoyed an net worth of $25.9billion.
He was ranked at No.24 in Forbes' list of the world’s richest people this year.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments