Top 10 Richest Men - RichestMen.info

Sixth Spot: Karl Hans Albrecht

Karl Hans Albrecht (born 1920 in Essen, Germany) is a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo.

During 2008, Karl Hans Albrecht's fortune dropped from $27 billion to $21.5 billion, still enough however, to push him from tenth richest man in 2008 to sixth richest man in 2009.

Fortune	Business	Country	Status
21.5 Billion	Retailing	Germany	Married, 2 children

His 6,500-store Aldi chain began as a single grocery in the Ruhr Valley run until the end of WWII by their mother. The formula: Customers would rather scuttle fancy decor and services in exchange for lower prices.

Despite a flagging retail sector, Aldi's total sales in 2002 reached $49 billion - still just a fifth the size of Wal-Mart's sales. The arrangement had Karl manage the southern, more profitable half of Germany, while younger Theo minded the north. Karl has since retired, leaving the company in the hands of nonfamily members. (His two children do not work at Aldi.) Both brothers fiercely guard their privacy, though now and again information emerges. Word is Karl raises orchids and enjoys a round of golf on his own 27-hole course.

He served in the German Army during World War II. (wiki)

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