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
Theo Albrecht Theodor was conscripted into the Wehrmacht where Theodor served with Rommel’s Afrika Korps in an army division. During World War II (1943?) Theodor was captured by the Americans in Tunisia as a prisoner of war, but in 1946 he returned to Germany. It was said that his humble and harsh childhood formed Theodor’s early appreciation for the value of money. Theodor’s kidnapping in 1971 partially explains his and the family’s hermit-like manner of existence. The kidnapping caused him to drive to work using a different route every day in an armored automobile. Little is known about Theodor Albrecht and the