Karl Albrecht Jr. and they have no children. Karl Albrecht Jr. Karl Albrecht Jr. (born 1948) is a German billionaire, and the son of Karl Albrecht, who founded the discount supermarket chain Aldi with his brother Theo. Albrecht worked for Aldi Süd in various roles until his resignation due to a cancer diagnosis (from which he subsequently recovered). He and his sister Beate Heister control the family trust, the Siepmann Stiftung (named for their mother), which, in turn, controls Aldi Süd, the source of their joint fortune. Together with Heister, he has a net worth of US$25 billion, as of December 2018. He
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