Businesspersons
Albrecht Family Net Worth
The Albrecht family story revolves around the history of the Aldi supermarket chain, originating in Essen, Germany but now successful in many countries. Brothers Karl (1920-2014) and Theo (1922 -2010) Albrecht founded Aldi after WW2. The Aldi business is now run by Karl’s son, Karl Jr.(1948) and daughter Beate Heister(1950), and Theo’s son Theo Jr.(1950) and the heirs of his brother Berthold(1954-2012) – wife Babette and five children.
Albrecht Family Net Worth $21 Billion
So just how rich are members of the Albrecht family? Forbes magazine estimates Karl and Beate’s net worth at over $21 billion, and Theo’s at over $19 billion in 2015, making them respectively 37th and 49th richest in the world, and putting them in the top five of the richest people in Germany. The Aldi business has been very generous to the family.
Karl and Theo initiated a discount revolution in German retailing – the Aldi supermarket chain is still based on their no-frills, low-price strategy. They were so successful, that in 1961 the brothers split ownership of, and responsibility for the stores: Karl took the stores in southern Germany, plus the rights to the Aldi brand in the UK, Australia and the US, and Theo the stores in northern Germany and the rest of Europe, subsequently acquiring the US grocery chain Trader Joe’s in 1971.
Karl Sr. resigned from the operational business of Aldi Sued in 1994, and stepped down from its advisory board in 2002. The highly secretive company had estimated sales of around $60 billion in 2014. Its capital mostly resides in a family foundation, the Siepmann Stiftung (formed in 1973 using the maiden name of Karl and Theo’s mother). At the time of his death, Karl Sr. was ranked as the richest person in Germany.
Beate Heister has never worked at Aldi Sued but sits, together with her husband Peter and her son Peter Max Heister (one of six children), on its advisory board. Karl Jr., who has no children, has worked in different positions at the company but withdrew from professional duties to battle a diagnosis of cancer (which he has overcome). The Siepmann Foundation is believed to own at least 75% of Aldi Sued, with the rest owned by charitable foundations that support cardiovascular system research as well as cultural and other projects. Beate’s husband and children, along with Karl Jr.’s wife, Gabriele Mertes, are all believed to share in the fortune. The continued sources of their net worth are easy to see.
Theo Sr. retired from daily store operations in 1993 and then remained as a chairman on the board until his death in 2010. In 1971, he was kidnapped and a ransom of approximately $2 million was paid for his release. His kidnappers were eventually caught by authorities, but only half of the money was recovered. Albrecht later tried to claim the ransom as a tax deductible business expense in court.
Theo Jr. and Berthold were left with ownership of Aldi Nord and US supermarket chain Trader Joe’s. Berthold Albrecht died in 2012, leaving his half share to his wife, Babette and their five children.
All members of the Albrecht family are careful to keep their personal lives very private, and very few details are known about their activities outside of the business sphere.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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