Karl Albrecht Aldi Süd and took the position of chairman of the board until 2002. At the beginning of 2002, he also relinquished this position, thereby completely ceding control of the firm. Today, the business is no longer run by any of Karl Albrecht's family members. Karl Albrecht was a very reclusive man who had not taken part in public life for several years prior to his death. As a result, little is known about him. "Forbes" magazine reported that he had two children, neither of whom was employed by Aldi. He reportedly lived in Essen, as did his brother Theo until
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