Beate Heister & Karl Albrecht Jr. – Billionaire
Children of Karl Albrecht Sr. (d. 2014), who, along with brother Theo Albrecht (d. 2010), took over their family’s corner grocery store in Essen, Germany and built it into retail powerhouse Aldi (no-frills, low-price strategy similar to Wal-Mart) Ownership split in 1961: Karl Sr. obtained stores in southern Germany, plus the rights to the Aldi brand in the U.K., Australia
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