Net Worth: $23.5 billion
Source: Supermarkets
Residence: Germany
• Owns discount supermarket giant Aldi Sud, one of Germany's (and Europe's) dominant grocers.
• Has 1,000 stores in U.S. across 29 states.
• Estimated sales: $37 billion.
• Plans to open New York City store this year.
• With younger brother, Theo, transformed mother's corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of Europe.
• Retired from daily operations.
• Fiercely private: little known about him other than that he apparently raises orchids and plays golf.
Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010
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