Isak Andic & family

$2.90 B

Ranked #1027 in World

About Isak Andic & family

Isak Andic Ermay, a Sephardic Jew from Istanbul, Turkey, is a Spanish billionaire and the founder of the globally recognized retail chain Mango. Since establishing the brand in 1984 with his brother and a fellow entrepreneur, Andic now boasts a net worth of €2.7 billion, leading him to be Catalonia's wealthiest and the 32nd richest Jew in the world as of 2010. Also known for his significant stake in Banco Sabadell, Andic is a key figure in Barcelona's business sector and retains a strong family connection to Mango.

Born

October 20, 1953 in Istanbul, Turkey

Source Of Wealth

Fashion Retail

Industries

Fashion & Retail

Citizenship

Spain

Residence

Barcelona

Spouse

Neus Raig Tarragó (divorced)

Children

Isak Andic Ermay, a prominent Spanish billionaire businessman, was born in 1953 to a Sephardic Jewish family in Istanbul, Turkey. His early years were spent in a vibrant and culturally rich environment that would later influence his entrepreneurial spirit.

Isak Andic & family: Family

Andic's family played a significant role in shaping his life and career. In 1969, he and his brother Nahman made the bold decision to emigrate to Barcelona, Spain, in search of new opportunities. This move would prove pivotal in Andic's journey to success.

Isak Andic & family: Career Highlights

Andic's career took off when he and his brother began selling hand-embroidered T-shirts and clogs in Barcelona and Madrid. Their venture gained traction, and in 1984, they joined forces with fellow entrepreneur Enric Cusí to re-denominate all their stores under the now-iconic name "Mango." The name was chosen after Andic tasted the fruit in the Philippines and was impressed by its universal pronunciation.

Isak Andic & family: Companies

Andic's primary business venture is Mango, a global clothing retail chain that has become synonymous with style and affordability. Under his leadership, Mango has expanded to over 2,200 stores in 110 countries, employing over 16,000 people worldwide.

Isak Andic & family: Major Achievements

Andic's remarkable success in the fashion industry has earned him numerous accolades. In 2006, he was appointed director of Banco Sabadell, one of Spain's largest banks. His influence in the financial sector grew further when he became the bank's single largest shareholder with a 7% ownership interest in 2012.

Isak Andic & family: Awards & Achievements

Andic's contributions to the business world have been widely recognized. He was ranked 32nd richest Jew globally in 2010, just behind the renowned David Geffen. His net worth as of November 2023 stands at an impressive €2.7 billion, making him the wealthiest person in Catalonia.

Isak Andic & family: Personal Life & Legacy

Andic's personal life has been marked by both success and challenges.

He was previously married to Neus Raig Tarragó, with whom he has three children: Jonathan, who is his successor at Mango, Judith, who also works for the company, and Sarah. Andic later had a relationship with Catalan stylist Zenaida Bufill Comadrán.

Isak Andic & family: Trivia

Andic currently resides in Barcelona, where he serves on the International Advisory Board (IAB) of IESE Business School, contributing his expertise and insights to the next generation of business leaders.

Wealth History

Timeline

1953

Isak Andic Ermay was born to a Sephardic Jewish family in Istanbul, Turkey.

1969

Isak Andic Ermay emigrated to Barcelona, Spain with his brother Nahman.

1984

Isak Andic Ermay, along with fellow entrepreneur Enric Cusí and his brother, re-denominated all stores under the name Mango.

2006

Isak Andic Ermay was appointed director of Banco Sabadell.

2010

Isak Andic Ermay was ranked 32nd richest Jew globally.

2012

Isak Andic Ermay became the single largest shareholder of Banco Sabadell with a 7% ownership interest.

Isak Andic & family : FAQs

What is Isak Andic's net worth?

As of 2023, Isak Andic's net worth was $2.90 billion.

What are Isak Andic's main sources of wealth?

Isak Andic's main source of income comes from Fashion Retail.

In which industry does Isak Andic primarily operate?

Isak Andic is primarily involved in the Fashion & Retail industry.

How many children does Isak Andic have?

Isak Andic has 3 children.

Who is Isak Andic Ermay and what is he known for?

Isak Andic Ermay is a Spanish billionaire businessman, renowned as the founder and largest shareholder of Mango, a popular clothing retail chain.

What is the origin story of Isak Andic Ermay, the founder of Mango?

Born into a Sephardic Jewish family in Istanbul, Turkey in 1953, Isak Andic Ermay emigrated to Barcelona, Spain in 1969 with his brother, Nahman, and began his entrepreneurial journey selling hand-embroidered T-shirts and clogs in Barcelona and Madrid.

How did Isak Andic Ermay choose the name 'Mango' for his clothing chain?

Isak Andic Ermay chose the name 'Mango' for his clothing chain after being inspired by the fruit's taste during a trip to the Philippines and its ease of pronunciation in many languages.

What are Isak Andic Ermay's contributions to the banking sector?

Apart from retail, Isak Andic Ermay made significant contributions to the banking sector, serving as director of Banco Sabadell in 2006 and later becoming its largest shareholder with a 7% ownership interest in 2012.