Theo Albrecht save money." Theodor Albrecht died 24 July 2010, in his home town of Essen, Germany. Theo Albrecht Theodor Paul "Theo" Albrecht (; 28 March 1922 – 24 July 2010) was a German entrepreneur, who in 2010 was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion. He owned and was the CEO of the Aldi Nord discount supermarket chain. In the US he owned the Trader Joe's specialty grocery store chain. His brother Karl Albrecht owned the Aldi Süd discount supermarket chain. The two chains originally were a single family enterprise
Karl Albrecht the latter's death. Golf was one of his hobbies, and Albrecht played the sport on his own golf course, the Öschberghof, which he built in 1976. He also raised orchids. In 2014, Albrecht was listed as one of the richest people in the world with an estimated net worth of . Previously, "Forbes" magazine listed him as one of the richest men in the world, with an estimated net worth in 2011 of , which ranked him 10th in its 2012 list of billionaires – making him the oldest billionaire in the Top 20 list. Albrecht was the richest person