After World War II, Theo and his older brother, Karl, transformed their mother's corner grocery store into discount supermarket giant Aldi, which now has more than 8,000 stores and $67 billion in sales. They eventually split ownership and management of the group into North and South regions.
Theo still manages Aldi's less profitable northern chain with the help of his two sons.
In the U.S. he owns discount gourmet food retailer Trader Joe's as well as a stake in Supervalu Inc.
He has shunned the limelight for decades, after having been kidnapped for 17 days in 1971.
Little is known about him, though rumor has it that he is very thrifty, collects old typewriters and loves to golf.
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