Businessman

Jeronimo Arango Net Worth

Jeronimo Arango Net Worth is
$4.4 Billion



Jeronimo Arango Biography

$4.5 Billion: Jerónimo Arango (born 1925) is a Mexican businessman, co-founder of the Aurrerá chain of supermarkets together with his 2 younger brothers, Manuel and Placido, known for quite a long time as three of Mexico’s wealthiest men. His fortune was approximated at 4.6 billion USA dollars in 2006 by Forbes magazine. In the 2007 Billionaires concern Forbes new estimate is definitely 4.3 Billion.Arango founded his Aurrerá discount shops in 1958 after a vacation to NY where he witnessed people standing up in very long lines to acquire discounts at shops; he made a decision to open one which sold at lower price, emphasizing cost over additional niceties. The shops flourished and finally his family’s business, Grupo CIFRA, encompassed the biggest supermarket chain in Mexico (including Aurrerá and Superama shops) along with restaurants (VIPs and El Slotón) and fashion shops (Suburbia). By 1991 Arango partnered with Sam Walton’s Wal-Mart empire, a move which ultimately brought the Wal-Mart shops to Mexico. The Mexican chain was later on renamed Walmex and became the starting place for Wal-Mart’s growth in Mexico. By 1997 the Arango family made a decision to sell bulk shareholding of CIFRA to Wal-Mart in a deal well worth over $2 billion. Manuel, Jerónimo’s brother may be the president of the Mexican Middle for Philanthropy aswell for a lot more than ten different nonprofit companies. He earned two Academy Awards in the 1970s for the creation of a well-known documentary about pre-Hispanic existence.His wife, Marie-Therese Arango, may be the president of the Mexican Folk Artwork Museum. Jeronimo Arango net worthy of: Jeronimo Arango is a Mexican businessman who includes a net worthy of of $4.4 billion. Jeronimo Arango, together with his two young brothers, Manuel and Placido, founded Aurrerá chain of supermarkets in 1958 after a vacation to NY, where he witnessed people standing up in long lines to acquire discounts at stores. You start with only one discount shop, the Arango’s business flourished, eventually turning out to be Grupo CIFRA that not merely encompassed the biggest supermarket chain in Mexico (including Aurrerá and Superama shops), but also restaurants (VIPs and El Slotón) and fashion shops (Suburbia). By 1991 Arango produced a partnership with Sam Walton’s Wal-Mart empire, a game-changing move which ultimately brought the Wal-Mart shops to Mexico. Six years later on, the trio produced their fortune once they offered their stake in merchant Cifra to Wal-Mart’s Mexican arm, a deal well worth over 2 billion dollars. Today, Jerónimo’s brother Manuel may be the president of the Mexican Middle for Philanthropy, furthermore to various other 10 different nonprofit institutions. While Jeronimo is thought to live a tranquil life in LA with his wife, who’s the president of the Mexican Folk Artwork Museum. Aside from his business, he’s also an Academy Awards’ winner for the creation of a well-known documentary about pre-Hispanic lifestyle in the 1970s. Jeronimo Arango, regarding his younger brothers, Placido and Manuel, were regarded as the wealthiest people in Mexico for a long time. He is normally among the co-founders of Aurrera price cut stores which is portion of the family members owned Grupo CIFRA. Apart from


Known for movies



Quick Facts

Full NameJerónimo Arango
Net Worth4 billion USD
Date Of Birth1925


Won Awards

Won awards

YearAwardCeremonyNominationMovieAward shared with
1972OscarAcademy Awards, USABest Short Subject, Live Action FilmsCentinelas del silencio (1971)Robert Amram
1972OscarAcademy Awards, USABest Documentary, Short SubjectsCentinelas del silencio (1971)Robert Amram


Filmography

Producer

TitleYearStatusCharacter
Desde dentro2016co-executive producer pre-production
Clipperton: Isla de la pasión2004TV Movie documentary producer
La otra conquista1998associate producer
The Great Eclipse1992TV Movie producer
Pacific Challenge1975Documentary producer
Sky High1974Documentary producer
Sentinels of Silence1971Documentary short producer
Source
IMDB

Celebrity Net Worth

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