Jeronimo Arango
Jeronimo Arango was bornon 1925 in Los Angeles, California, Mexico. Jeronimo Arango is #500 in List Billionaires People In The World. Jeronimo Arango and his two brothers, Manuel and Placido, sold a majority stake in discount retailer Cifra to Wal-Mart's Mexican arm in 1997 for a reported $1.2 billion in cash. Jeronimo founded the predecessor to Cifra with his brothers in 1958. The brothers stay out of the spotlight. Jeronimo is said to live a quiet life in Los Angeles. Manuel, a real estate developer, founded the Mexican Center For Philanthropy and is an advocate of philanthropy targeted at social issues and the environment. Placido has owned a chain of restaurants and collects art.
| 2009 | $3.4 Billion |
|---|---|
| 2010 | $4 Billion |
| 2011 | $4 Billion |
| 2012 | $4 Billion |
| 2013 | $4 Billion |
| 2014 | $4.2 Billion |
| 2015 | $4.3 Billion |
| 2016 | $4.4 Billion |
| 2017 | $4.2 Billion |
| 2018 | $4.38 Billion |
In the 2007 Billionaires issue Forbes new estimate is 4
6 billion United States dollars in 2006 by Forbes magazine
By 1997 the Arango family decided to sell majority shareholding of CIFRA to Wal-Mart in a transaction worth over $2 billion
By 1991 Arango partnered with Sam Walton's Wal-Mart empire, a move which eventually brought the Wal-Mart retail stores to Mexico
He won two Academy Awards in the 1970s for the production of a well-known documentary about pre-Hispanic life
Arango founded his Aurrerá discount stores in 1958 after a trip to New York where he witnessed people standing in long lines to obtain discounts at stores; he decided to open one that sold at discount, emphasizing cost over other niceties
Jerónimo Arango (born 1925) is a Mexican businessman, co-founder of the Aurrerá chain of supermarkets along with his 2 younger brothers, Manuel and Placido, known for a long time as three of Mexico's wealthiest men
