Theo Albrecht Jr. Theo Albrecht Jr. Theodor "Theo" Albrecht Jr. (born 1950) is a German billionaire businessman, the son of Theo Albrecht, co-founder of Aldi. As of January 2018, Albrecht's net worth is estimated by Forbes as $22.4 billion. In 2010, his father Theo Albrecht died, leaving the ownership of the German supermarket chain Aldi Nord and US supermarket chain Trader Joe's to his two sons, but Berthold died in 2012. Theo Albrecht Jr. and the heirs of his brother Berthold inherited the fortune, which originally grew from a corner grocery shop opened back in 1913. Albrecht lives in Mülheim an der Ruhr,
Prime Supermarket grocery store was thus established as an alternative business venture in King George's Avenue. In the following years, the business was then grown and expanded into the supermarket chain that is as seen today, with their own house-brand products being sold too. Prime Group International was also subsequently established for local and overseas ventures, of which in 2016, the Mahota Commune houses were established, which is a mixed retail business that included a supermarket as well. In a nod to the healthy lifestyle that the government has been actively trying to promote, the supermarket has also ensured the overall wellness