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 in the article and what is Karl Albrecht's estimated net worth?

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

Which families came second on Germany's rich list and what business do they own?

Second place went to the families of Theo Albrecht jnr and his late brother Berthold, who are co-owners of the separate company Aldi Nord, with an estimated combined fortune of €16 billion.

Who is listed third on the rich list and how much is their fortune?

Third on the list is Dieter Schwarz, the owner of discount supermarket rival Lidl, with an estimated fortune of €13 billion.

Did any well-known public figures make the top 500 on Germany's rich list?

Yes — former Formula One world champion Michael Schumacher made the top 500 with an estimated fortune of €650 million.

What companies and sectors are most prominent in the article's summary of Germany's richest people?

The article highlights leaders of discount supermarket chains — notably Aldi (including the separate Aldi Nord owners) and Lidl — showing the grocery discount sector features prominently among Germany's wealthiest individuals.

Does the article explain the difference between Aldi and Aldi Nord?

The article notes that the families of Theo Albrecht jnr and his late brother Berthold are co-owners of a separate company called Aldi Nord, indicating that Aldi operates as distinct businesses rather than a single unified company.

Are the net worth figures provided in euros or other currencies?

The reported net worth figures in the article are given in euros; for Karl Albrecht the article also provided a US dollar equivalent (€17.8 billion ≈ $25.6 billion).

What does this rich list coverage tell everyday investors about Germany's grocery sector leaders?

The article shows that founders and owners of major discount supermarket chains—Aldi and Lidl—hold very large personal fortunes, underlining the scale and economic significance of Germany's discount grocery sector among the country's wealthiest individuals.