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Happy Birthday Karl Albrecht

March 28th, 2012 at 12:11 am

Karl Albrecht is 90 years old today.
He is worth an estimated $25.4 billion making him oldest billionaire in the worlds top 20 billionaires and the richest man in Germany.
After the second world war, Karl and his twin brother Theo (co-incidentally also born on the 28th of march), took over their mothers small grocery store calling it Albrecht Discounts. This was later shortened to Aldi.
Aldi is now one of the biggest grocery chains with over 9500 stores worldwide.
So lets raise a glass to Karl.
Many happy returns.

Posted in Investing, Retirement, Saving Money, Shopping | 3 Comments »

3 Responses to “Happy Birthday Karl Albrecht”

  1. Joan.of.the.Acrh Says:
    March 28th, 2012 at 06:19 am

    Yes, Happy Birthday!... Isn't it Lidl where you are?

    Just one example of Aldi's deals:
    Currently we are getting oranges at Aldi, $1.29 for 4 pounds (1.8 kg). I cannot imagine how they can sell at that price. I don't think I could not buy them at the orchard in Florida for such a price.

  2. Jerry Says:
    March 30th, 2012 at 09:57 am

    Oh, I used to love Aldi when I lived in Germany. I was on a strict budget and they sold this amazing bowtie pasta dish for incredibly cheap... and it was delicious. Good for Karl and his fortunate heirs, I say. His stores' low prices lead to some insurance that people are able to afford to put food on the table, at least. (And is Lidl the Aldi equivalent? We have Lidl here in SE Europe. The guy is everywhere!)
    Jerry

  3. Dorthi Says:
    April 4th, 2012 at 06:24 am

    Happy Birthday Karl Albrecht cheers man...

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