What is Theo Albrecht Jr Net Worth?

Theo Albrecht Jr net worth is US$ 18,700 Million as of January 2023.

Net WorthUS$ 18,700 Million
Born:1950 (72 Years)
Birth NameTheodor “Theo” Albrecht Jr.
Country of OriginGermany
Marital StatusMarried
SpouseKatje Albrecht
Source of WealthOwner of Trader Joe’s and Aldi Nord
Famous ForGerman Billionaire Businessman


German billionaire businessman Theodor “Theo” Albrecht Jr. is the founder of Trader Joe’s and Aldi Nord. He is the son of the late Theo Albrecht, who co-founded Aldi with his brother Karl in 1946. He took over the family business after his father died in 2010. He is a significant shareholder in both Trader Joe’s and Aldi Nord. In addition to his business interests, Albrecht is an active philanthropist, donating to various charities and causes. Theo Albrecht Jr. is one of the wealthiest individuals in Germany.

In terms of personal life, Theo Albrecht Jr. has maintained a low profile. He is known for avoiding media attention and rarely granting interviews. The estimated net worth of Theo Albrecht Jr. is US$ 18,700 Million as of Jan 2023. He is on the 101 ranks in the Forbes list of the wealthiest people in the world.



Theo’s father, Theo Albrecht Sr., died, leaving the ownership of the German supermarket chain Aldi Nord and US supermarket chain Trader Joe’s to his two sons, Theo Jr. and Berthold.


Theo Albrecht Jr. and the heirs of his brother Berthold inherited the fortune, which initially grew from a corner grocery shop opened back in 1913.


According to Forbes, Albrecht’s estimated net worth was around US$ 18.8 billion as of July 2021.

Early Life

Theo Albrecht Jr. was born in West Germany’s Bremen in 1950 to Theo and Cäcilie Albrecht. His father, Theo Albrecht Sr., was a German entrepreneur who created Aldi’s discount grocery business with his brother Karl. The family-owned business originated in a small grocery store in Essen, eventually becoming one of the largest discount supermarket chains. Theo became one of the wealthiest persons in the world by 2010, placing 31st, according to Forbes. Theo Albrecht Jr., the son of Aldi’s co-founder, is the owner of Trader Joe’s and Aldi Nord. Albrecht has one child and resides in Mülheim a der Ruhr, Germany.


Theo Albrecht Jr. grew up in a family deeply involved in retail. The Aldi chain expanded rapidly under his father’s and uncle’s leadership, focusing on offering high-quality products at low prices. Theo Albrecht Jr. joined the family business and worked in various roles within Aldi.

German businessman Theo Albrecht Jr. is the heir to his father Theo Albrecht’s fortune. Theo Sr. started a little corner grocery store in 1913, eventually expanding into the popular US supermarket chain Trader Joe’s and German supermarket chain Aldi Nord. Theo Jr. and Berthold took over running the company when Theo Sr. passed away in 2010.

Sadly, Berthold passed away in 2012, leaving Theo Jr. and his brother’s heirs with the riches. As the sole manager of the Aldi Nord and Trader Joe’s chains at this time, Theo Albrecht Jr. is in charge of ensuring the continuous expansion and profitability of the companies.

Theo Albrecht Jr Net Worth Growth

Theo Albrecht Jr’s net worth was US$ 18,900 Million in 2013, which increased to US$ 18,700 Million in 2022.

Net Worth in 2022US$ 18,700 Million
Net Worth in 2021US$ 18,800 Million
Net Worth in 2020US$ 17,000 Million
Net Worth in 2019US$ 17,400 Million
Net Worth in 2018US$ 20,200 Million
Net Worth in 2017US$ 18,800 Million
Net Worth in 2016US$ 20,300 Million
Net Worth in 2015US$ 19,000 Million
Net Worth in 2014US$ 19,300 Million
Net Worth in 2013US$ 18,900 Million


Here are some of the best highlights of Theo Albrecht Jr’s career:

  • Theo Albrecht Jr. and the heirs of his brother, Berthold, inherited one of the world’s most impressive retail fortunes.
  • As of July 2021, Albrecht’s net worth is estimated at US$ 18.8 billion.
  • Theo Jr. sits on the board of the family foundation.

Favorite Quotes from Theo Albrecht Jr

Favorite Quote 1 from Theo Albrecht Jr

“We offer quality at consistently low prices.”

– Theo Albrecht Jr
Favorite Quote 2 from Theo Albrecht Jr

“Our success is based on simplicity, thriftiness, and fairness.”

– Theo Albrecht Jr
Favorite Quote 3 from Theo Albrecht Jr

“We don’t just sell products; we sell trust.”

– Theo Albrecht Jr
Favorite Quote 4 from Theo Albrecht Jr

“Stay focused on the essentials and keep things simple.”

– Theo Albrecht Jr

Key Life Lesson from Theo Albrecht Jr

Now we have an overview of Theo Albrecht Jr’s net worth, work done, biography, and early life. Let’s glance at some of his lessons.

Persevere and stay focused

Theo Albrecht Jr. was an entrepreneur and businessman who achieved success despite the challenges he faced in his life. He overcame difficult obstacles and achieved success by staying focused and persistent.

Be humble

Despite his immense wealth and success, Theo Albrecht Jr. was known to be humble and kept a low profile. He was known to be generous with his money and supported many charitable causes.

Be innovative

Theo Albrecht Jr. is a creative thinker constantly looking for innovative ways to improve his business. He is always looking for ways to stay ahead of the competition and quickly takes advantage of new opportunities.

Frequently Asked Questions

What is the net worth of Theo Albrecht Jr?

Theo Albrecht Jr.’s total net worth is $18,700 million as of Jan 2023.

What is the age of Theo Albrecht Jr?

As of Jan 2023, Theo Albrecht Jr is 73 years old, born in 1950.

Which supermarket chains are owned by Theo Albrecht Jr.?

Albrecht owns half of two closely held supermarket chains: Aldi Nord and Trader Joe’s.


German business trader Theodor “Theo” Albrecht Jr. is the owner of Trader Joe’s and Aldi Nord. He is the son of the late Theo Albrecht Sr., who co-founded Aldi (a supermarket chain) with his brother, Karl, in 1946. Once his father passed away in 2010, he took over the family firm and now holds a significant stake in both businesses. He contributes to several different charities and causes as a committed philanthropist. He lives in Germany’s Mülheim a der Ruhr and has one child.

Theo Albrecht Jr.’s contribution to the success of Aldi has undoubtedly played a part in shaping the company’s growth and solidifying its position in the retail industry. Theo Albrecht Jr’s estimated net worth is $ 18,700 million as of Jan 2023.

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