Germany's grocery kings on top

Karl Albrecht, the co-founder of discount supermarket chain Aldi, who is 93 and lives out of the public eye, has again topped Germany's rich list with a fortune estimated at £17.8 billion ($25.6 billion). At second place on the list with £16 billion were the families of Theo Albrecht jnr and his late brother Berthold, co-owners of the separate company Aldi Nord. Third on £13 billion was Dieter Schwarz, the owner of Aldi's rival Lidl. Former formula one world champion Michael Schumacher made it into the top 500 with £650 million.

By InvestSMART · 9 Oct 2013

By InvestSMART ·
9 Oct 2013

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Karl Albrecht, the co-founder of discount supermarket chain Aldi, who is 93 and lives out of the public eye, has again topped Germany's rich list with a fortune estimated at €17.8 billion ($25.6 billion). At second place on the list with €16 billion were the families of Theo Albrecht jnr and his late brother Berthold, co-owners of the separate company Aldi Nord. Third on €13 billion was Dieter Schwarz, the owner of Aldi's rival Lidl. Former formula one world champion Michael Schumacher made it into the top 500 with €650 million.

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Frequently Asked Questions about this Article…

Who topped Germany's rich list and what is his net worth?

Karl Albrecht, the 93-year-old co-founder of the discount supermarket chain Aldi, topped Germany's rich list with an estimated fortune of €17.8 billion (about $25.6 billion). The article notes he lives out of the public eye.

Which family came second on Germany's rich list and what company do they own?

In second place were the families of Theo Albrecht jnr and his late brother Berthold, co-owners of the separate company Aldi Nord, with an estimated fortune of €16 billion.

Who is third on the list and which supermarket chain do they own?

Third on the list was Dieter Schwarz, the owner of Lidl, with an estimated fortune of €13 billion.

How do the fortunes of Aldi-related owners compare on the rich list?

The article shows Aldi-related owners dominating the top ranks: Karl Albrecht (co-founder of Aldi) is estimated at €17.8 billion, while the families linked to Aldi Nord are estimated at €16 billion, placing both near the top of Germany's rich list.

Are any sports figures mentioned among Germany's wealthiest people?

Yes. Former Formula One world champion Michael Schumacher is mentioned as having made it into the top 500 with an estimated fortune of €650 million.

What industries dominate the top of Germany's rich list in the article?

Discount supermarkets are prominent: the article highlights leaders tied to Aldi and Lidl as among Germany's wealthiest individuals.

Does the article provide currency conversions for the fortunes listed?

The fortunes are reported in euros. The article gives a dollar conversion only for Karl Albrecht's estimated €17.8 billion, noting it is about $25.6 billion.

What personal detail about Karl Albrecht does the article highlight that might interest investors researching wealthy founders?

The article highlights that Karl Albrecht is 93 years old and lives out of the public eye, a personal detail that underscores his low public profile despite topping Germany's rich list.