Karl Albrecht Highest-Paid Business man in the World
- By Carol Kearney
- Berlin
- Last updated on
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It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 104-year-old Karl Albrecht has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2024 with an estimated $96 million in combined earnings.
UPDATE 05/11/2024 : This story seems to be false. (read more)
Karl Albrecht tops annual list of highest-paid business men
In 2022 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (November 4) that Albrecht is the highest-paid business man in the world, pulling in an astonishing $96 million between October 2023 and October 2024, a nearly $60 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The German business man has an estimated net worth of $275 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Albrecht Burger” chain) in Berlin, a Football Team (the “Essen Angels”), has launched his own brand of Vodka (Pure Wonderalbrecht - Germany), and is tackling the juniors market with a top-selling perfume (With Love from Karl) and a fashion line called “Karl Albrecht Seduction”.
The ranking is significant for many Karl fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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