Isak Andic’s profile picture

Isak Andic

Isak Andic’s profile picture
Net worth 2018: $2.31 Billion
Residence: Barcelona, Spain
Country: Spain
BirthDay: 1953
Children: 3
BIOGRAPHY

Isak Andic was bornon 1953 in Barcelona, Spain, Spain. Isak Andic is #1048 in List Billionaires People In The World. Isak Andic is the founder and largest shareholder of the $2.3 billion (sales) clothing retailer Mango. The brand's international sales count for 83% of its total revenue. It has some 2,741 stores in 109 countries. Andic opened his first clothing store in Barcelona in 1984, took the company international in 1992 and opened its 1,000th store in 2007. His son and presumptive heir Jonathan Andic is the company's executive vice president. The elder Andic also has shares in Banco Sabadell, one of Spain's largest banking groups. The media-shy entrepreneur's family came to Spain from Turkey in the 1960s. He is an enthusiastic sailor and reportedly owns a 175-foot yacht called the Nirvana.

NET WORTH STATISTIC
2009

$2.3 Billion

2010

$4.8 Billion

2011

$6.1 Billion

2012

$4.8 Billion

2013

$5 Billion

2014

$5.7 Billion

2015

$4.8 Billion

2016

$3.4 Billion

2017

$2.2 Billion

2018

$2.31 Billion

TIMELINE
2006

In 2006, Andic was appointed the director of Banco Sabadell and in 2012, he became its single largest shareholder with a 7% ownership interest

1984

In 1984, he joined with fellow entrepreneur Enric Cusí and his brother and re-denominated all their stores under the name Mango

1981

Andic is divorced from Neus Raig Tarragó with whom he has three children: Jonathan Andic (es) (born 1981) who was named his successor in 2012; Judith Andic (born 1984), who also works for Mango; and Sarah Andic (born 1997)

1969

Born to a Sephardic Jewish family in Istanbul, Andic's family emigrated from Turkey to Barcelona, Spain in 1969 where he and his brother Nahman began selling hand-embroidered T-shirts and clogs

1953

Isak Andic (born 1953) is a Spanish businessman, the founder and largest shareholder in the clothing retail chain Mango

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