Theo Albrecht Jr was born in 1950 in Essen, Germany. His father is Theo Albrecht, the CEO and owner of Aldi Nord discount supermarket chain. After Theo Albrecht senior’s death the company was being managed by both Berthold Albrecht and Theo Albrecht Jr which continued till late 2012 till Berthold died, with his share of ownership passing on to the late owner’s wife and their five children. As of today and according to Forbes 2015, Theo Albrecht Jr is valued US$ 18.4 billion.
The Albrecht family is known for their obsession with secrecy, with not even enough pictures of them finding their way online, let alone details regarding their childhood. What we do know is that Theo Albrecht Jr was raised in a catholic household, and we can speculate to the point that he had a strict upbringing and was given lessons of how to avoid the public view and keep the family out of limelight.