Karl Hans Albrecht Jr. (born 1948 in

Essen Essen (; Latin: ''Assindia'') is the central and, after Dortmund, second-largest city of the Ruhr, the largest urban area in Germany. Its population of makes it the fourth-largest city of North Rhine-Westphalia after Cologne, Düsseldorf and D ...

) is a German billionaire, and the son of

Karl Albrecht Karl Hans Albrecht (; 20 February 1920 – 16 July 2014) was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. He was for many years the richest person in Germany. In February 2014, he was ranked the ...

, who founded the discount supermarket chain

Aldi Aldi (stylised as ALDI) is the common company brand name of two German multinational family-owned discount supermarket chains operating over 10,000 stores in 20 countries. The chain was founded by brothers Karl and Theo Albrecht in 1946, when t ...

with his brother

Theo Theo is a given name and a hypocorism. Greek origin Many names beginning with the root "Theo-" derive from the Ancient Greek word ''theos'' (''θεός''), which means god, for example: *Feminine names: Thea, Theodora, Theodosia, Theophania, ...

. 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 Beate Heister (born 5 October 1951) is a German billionaire heiress. She is one of the two children of Karl Albrecht, who founded the discount supermarket chain Aldi with his brother Theo. Together with her brother Karl Albrecht Jr. Karl Hans ...

control the family trust, the Siepmann Stiftung (named for their mother), which, in turn, controls Aldi Süd, the source of their joint fortune. According to ''

Bloomberg Billionaires Index The ''Bloomberg Billionaires Index'', launched in March 2012, is a daily ranking of the world's 500 richest people based on their net worth. It draws information from "action in the stock market, economic indicators and news reports", features a ...

'', he has an estimated net worth of US$14.3 billion, making him the 149th wealthiest person in the world, as of June 2021. He is married to Gabriele Mertes, and they have no children.

References

1948 births German billionaires 20th-century German businesspeople German businesspeople in retailing Businesspeople from Essen Living people {{Germany-business-bio-stub