Isak Andic Net Worth

Isak Andic Net Worth is
$3.7 Billion

Isak Andic Biography

$4.8 Billion: Isak Andic (born 1955) is a Spanish businessman, the founder and largest shareholder in the clothes retail chain Mango. Born to a Sephardic Jewish family members in Istanbul, Andic’s family members emigrated from Turkey to Barcelona, Spain in 1969 where he and his brother Nahman started selling hand-embroidered t-t shirts and clogs. They opened up shops in Barcelona and Madrid, initial selling their very own brand (Isak denims) and stocking various other brands. In 1984, he joined with fellow business owner Enric Cusí and his brother and re-denominated almost all their stores beneath the name Mango. Andic find the name ‘Mango’ after tasting the fruit on a journey to the Philippines and for the actual fact that the word can be pronounced the same atlanta divorce attorneys vocabulary. In 2006, Andic was appointed the director of Banco Sabadell and in 2012, he became its one largest shareholder with a 7% ownership curiosity. Regarding to Forbes, Andic includes a net worthy of of $4.8 billion, by January 2015. Mango provides 2,400 shops in 107 countries. Andic can be divorced from Neus Raig Tarragó with whom he provides three kids: Jonathan Andic (born 1981) who was simply name his successor in 2012; Judith Andic (born 1984), who also functions for Mango; and Sarah Andic (born 1997). Andic lives in Barcelona. Isak Andic net worthy of: Isak Andic is a Spanish business owner who includes a net worthy of of $5.8 billion. Isak Andic co-founded the clothes design and manufacturing business Mango back 1984, together with his brother Nahman Andic. Since that time, Mango has grown right into a business that generates 82% of sales outdoors Spain and oversees about 2600 stores across 109 countries world-wide, from the Dutch Antilles to China. The group, which produced its name for both creating and selling affordable, trendy women’s clothes, has opened 800 “part” stores within other suppliers over the last couple of years. Nevertheless, this didn’t prevent the profits drop, specifically in 2011. Hence, Mango released some far-reaching adjustments including a 20% decrease in prices, a go back to basic styles and shifting clothing creation in-house. Today, Isak’s boy and obvious heir supervises He by Mango, the retailer’s range for men, along with he overran the placement of Deputy President in 2012, just underneath his dad on the business’s employment chart. Also, Kate Moss was lately changed by Australian model Miranda Kerr as the facial skin of the brand. Furthermore to Mango, Andic also owns shares in Banco Sabadell, among Spain’s largest banking groupings. The media-shy business owner and his family shifted to Spain from Turkey in the 1960s. Today, Isak Andic is among the richest people in Spain who wants to spend his leisure time sailing on his yacht known as the Nirvana. Regarding his brother Nahman, Isak Andic may be the co-founder of a Spanish style group referred to as Mango.

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Quick Facts

Full NameIsak Andic
Net Worth3.3 billion USD
Date Of Birth1953
ProfessionEntrepreneur, Businessperson
ChildrenJonathan Andic, Judith Andic, Sarah Andic



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