Trader Joe’s Co-Owner, Theo Albrecht, Dies at 88
Friday, August 6th, 2010
German entrepreneur Theo Albrecht died on July 24, 2010 in Essen, Germany. Along with his brother, Karl, Albrecht started the popular grocery store chains ALDI and Trader Joe’s. These business ventures ranked Albrecht, who had a net worth of $16.7 billion, as the 31st richest person in the world by “Forbes” in 2010.
