Theo Albrecht Jr's Biography

Theo Albrecht Jr. is a German billionaire businessman best known as the co-owner of Aldi Nord and Trader Joe's. Born on March 17, 1951, in Germany, Theo inherited his fortune and business acumen from his father, Theo Albrecht Sr., who, along with his brother Karl, founded the globally renowned Aldi supermarket chain. Aldi Nord, under Theo Jr.'s stewardship, has expanded its reach across Europe, while its acquisition of Trader Joe's in the United States has made a significant mark in the American retail landscape. Known for his reserved and private lifestyle, Theo rarely makes public appearances, preferring to let the company's values of simplicity, quality, and affordability speak for themselves. Despite his immense wealth—estimated at $21 billion in 2024—he maintains a low-profile, focusing on the steady growth of his businesses rather than public attention. Theo is married to Katje Albrecht and has two children. He is also known for his interest in philanthropy, European art, and vintage cars. His disciplined approach to business and his commitment to privacy have made him one of the most enigmatic figures in the global retail industry. Whether building upon the Aldi legacy or overseeing the distinctive brand of Trader Joe's, Theo Albrecht Jr. continues to shape the landscape of international retail with quiet determination and lasting impact.