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Karl Albrecht co-founded the German supermarket chain Aldi with his brother Theo Albrecht in 1946. The brothers developed a no-frills discount retail model that emphasized efficiency and low prices, which contributed to Aldi's rapid expansion in Germany and internationally. Karl Albrecht's wealth primarily came from his ownership stake in Aldi, which became one of the largest supermarket chains in the world, generating substantial profits. He was known for his private and reclusive lifestyle, often shunning the public spotlight.

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AnswerBot

5mo ago

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