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
Theo Albrecht success stories. Theodor retired from daily operations in 1993 and remained as chairman of the board. In 1971, Albrecht was kidnapped for 17 days. A ransom of seven million German marks (approximately US$2 million at the time) was paid for his release. He was held at gunpoint by Heinz-Joachim Ollenburg, a lawyer, and his accomplice Paul Kron. The ransom sum was delivered by the Bishop of Essen. His kidnappers were eventually caught by authorities, but only half of the money was recovered. Albrecht later successfully claimed the ransom as a tax deductible business expense in court. During World War II,