Karl Albrecht Jr.'s Biography

Karl Albrecht Jr. is a German billionaire businessman best known as the co-owner of Aldi Süd, one of the world’s largest discount supermarket chains. Born on February 1, 1948, in Germany, Karl Jr. inherited his substantial fortune and stake in Aldi Süd from his father, Karl Albrecht Sr., who co-founded the original Aldi store with his brother Theo Albrecht. As a member of one of Europe’s wealthiest families, Karl Albrecht Jr. has played a key role in maintaining Aldi Süd’s reputation for low prices, operational efficiency, and global expansion. Under his stewardship, Aldi Süd has continued to thrive, with stores in multiple countries and a business model that has become a benchmark in the retail sector. Despite his immense wealth—estimated at $36 billion as of 2024—Karl Jr. remains extremely private, shunning public attention and media coverage. He is known for his frugal lifestyle and low-profile approach, rarely giving interviews or making public appearances. His interests reportedly include golf and business management. Karl Albrecht Jr.’s life exemplifies the understated yet powerful influence of the Aldi empire on global retail.