Krupp did not take long to be resurrected. Alfried had his fortune confiscated and was sentenced in 1948 to 12 years' imprisonment, but he was released in 1951 and his confiscated property returned to him. After his death in 1967, his son Arndt signed over the company to a charitable trust in return for a lifetime income. He too led a sybaritic life, but now the hedonistic parties were held in Bangkok and Marrakesh and the income was no longer sufficient; his estate filed for bankruptcy after his death in 1986.
Others have taken the Krupps' place among the Essen wealthy. In 1946 two brothers, Karl and Theo Albrecht, took over their mother's small Essen grocery store. By 1950 they owned 13 stores trading under the name Albrecht Discount. They continued to expand and in 1962 they shortened the company's name to Aldi. According to Forbes magazine, the surviving brother, Karl, is the richest person in Germany and the tenth richest in the world, worth more than $25 billion. He still lives in Essen.
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