Baedeker "baedekering" became an English-language term for the purpose of traveling in a country to write a travel guide or travelogue about it. Fritz Baedeker became the most successful travel guide publisher of all time and turned the publishing house into the most famous and reputable publisher of travel guides in the world. In 1909, Leipzig University conferred an honorary Ph.D. (a rare honour at the time) on him at its 500th anniversary convocation. This era in its history was brought to an end by the outbreak of World War I, after which the house of Baedeker went into decline, the
Karl Albrecht Jr. 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 is married to Gabriele Mertes,