Theo Albrecht

DEFINITION of 'Theo Albrecht '

Theo Albrecht (Theodor Paul Albrecht), born in 1922, is a German billionaire who found his fortune in groceries. He is the owner of the Aldi supermarket chain, as well as Trader Joe's. He was ranked #31 by the 2010 Forbes "The World's Billionaires" with a net worth of $16.7 billion.

BREAKING DOWN 'Theo Albrecht '

Theo Albrecht's discount supermarket chain "Aldi", short for Albrecht Discount" has over 1,000 stores in the United States. Albrecht purchased the Trader Joe's supermarket chain in 1979. It is headquartered in California and has more than 340 stores as of April 2010.

RELATED TERMS
  1. Entrepreneur

    An individual who, rather than working as an employee, runs a ...
  2. Carlos Slim

    A magnate of the Mexican telecommunications industry. Slim made ...
  3. Business Model

    The plan implemented by a company to generate revenue and make ...
  4. Merger

    The combining of two or more companies, generally by offering ...
  5. Business

    1. An organization or enterprising entity engaged in commercial, ...
  6. Philanthropy

    Charitable giving to human causes on a large scale. Philanthropy ...
Related Articles
  1. Entrepreneurship

    Are You An Entrepreneur?

    Many people want to start a business, but not everyone has what it takes to succeed.
  2. Entrepreneurship

    Can You Handle A Home-Based Business?

    Find out if you have the traits to be a top entrepreneur.
  3. Personal Finance

    Seek An Adventure In Venture Capital

    Make a career out of chasing down the "next big thing".
  4. Economics

    Trump vs. Bloomberg: How They Compare

    If Bloomberg enters the presidential race how will he compare to billionaire brethren Trump?
  5. Investing

    John D. Rockefeller: Biography

    Focusing on a historical figure’s “contradictions” is a tired cliché, but in the case of John Davidson Rockefeller (1839 – 1937), it’s hard to avoid.
  6. Investing

    Cornelius Vanderbilt Biography

    “Commodore” Cornelius Vanderbilt (1794-1877) was born into a poor family and quit school at age 11, but his shrewd – some would say ruthless – approach to business allowed him to consolidate ...
  7. Investing

    Why Billionaires Love to Invest in Newspapers

    Why, if newspapers are in such dire straights, are savvy investors like Buffett and Bezos investing in print? Let’s take a look.
  8. Investing

    The Richest Person in Each Decade of Life

    Who is the richest person currently in their 20s, 30s or 40s? Learn their inspiring stories and gain motivation to pursue your dreams.
  9. Entrepreneurship

    The Companies Donald Trump Owns

    Find out about the companies owned by Donald Trump. His net worth is a topic of debate. How has Trump's controversy hurt his branding power?
  10. Investing

    The Koch Brothers: America's 2nd Wealthiest Family

    An overview of the history of Koch Industries, America's second-largest privately owned company, and how it made the Koch Brothers billions of dollars.
RELATED FAQS
  1. Why does Richard Branson keep opening up new Virgin products instead of focusing ...

    Entrepreneur and billionaire Richard Branson keeps introducing new Virgin products because he’s an opportunist at heart. ... Read Full Answer >>
  2. How did Richard Branson make his fortune?

    Richard Branson made his fortune by using the profits from his record store chain to found Virgin Records in 1972. He earned ... Read Full Answer >>
  3. How did Nathan Rothschild attain his wealth?

    Nathan Rothschild's father, Mayer Rothschild, was a prominent Jewish banker in Germany during the 1700s. The elder Rothschild ... Read Full Answer >>
  4. What advice has Jeff Weiner given to would-be entrepreneurs?

    Jeff Weiner, the billionaire CEO of LinkedIn, is known worldwide as a phenomenally successful entrepreneur and a major influencer ... Read Full Answer >>
  5. What is Tim Cook's managerial style? (AAPL)

    Tim Cook's managerial style could be broadly defined as democratic. Rather than standing in complete contrast to former Apple ... Read Full Answer >>
  6. Who were Richard Branson's major influencers?

    Richard Branson, the billionaire tycoon responsible for the Virgin Group, credits his mother with being the most profound ... Read Full Answer >>
Hot Definitions
  1. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  2. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  3. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  4. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  5. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
Trading Center