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Isak Andic, the founder of the global fast-fashion brand Mango, passed away at the age of 71 following a tragic hiking accident near Barcelona.
Isak Andic Net Worth: His wealth primarily stemmed from Mango, which he co-founded in 1984 with his brother Nahman Andic.
Isak Andic Net Worth: Isak Andic, the founder of the global fast-fashion brand Mango, passed away at the age of 71 following a tragic hiking accident near Barcelona. His death, announced by the company on Saturday, December 14, 2024, has sent ripples across the fashion and business communities. Known for his entrepreneurial vision, Andic transformed Mango from a small Spanish store into an international fashion powerhouse.
Isak Andic’s Net Worth
At the time of his death, Isak Andic’s net worth was estimated at $4.5 billion, according to Forbes. His wealth primarily stemmed from Mango, which he co-founded in 1984 with his brother Nahman Andic. The company operates 2,700 stores across 120 markets worldwide and achieved a record-breaking €3.1 billion ($3.2 billion) in sales in 2023. Beyond Mango, Andic held investments in Banco Sabadell, one of Spain’s leading banks, contributing further to his impressive financial portfolio.
Mango’s Global Success
Starting with a single store in Barcelona, Mango grew to become one of the world’s leading fashion retailers under Andic’s leadership. Known for its stylish yet affordable clothing, the brand thrives in over 120 markets and continues to expand, particularly in the United States, with plans to establish 65 stores there by 2025.
Tributes and Legacy
Spain’s Prime Minister Pedro Sánchez commemorated Andic’s contributions to the country’s business landscape, praising his vision and hard work. Despite his significant fortune and achievements, Andic was known for his low-profile lifestyle, focusing on innovation and sustainability within the fashion industry.