Business Chief Europe Magazine November 2018 | Page 74

TOP 10
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Beate Heister & Karl Albrecht Jr .

Heirs to the Aldi retail fortune , Beate Heister & Karl Albrecht Jr . have a net worth of around $ 29.8bn . They are the children of Karl Albrecht Sr . who founded the discount chain with his brother Theo Sr . in 1946 after they took over their mother ’ s store in Essen , Germany . In 1961 , the founders split ownership of the company following a dispute over whether to sell cigarettes . Karl Sr . took the stores in in southern Germany plus rights to the Aldi brand in the UK , Australia and the US in what is now known as Aldi Sued . Meanwhile , Theo Sr . was responsible for Aldi Nord , with stores in northern Germany and the rest of Europe . www . aldi-sued . de
NOVEMBER 2018