Jeronimo Arango Net Worth is$4 Billion
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Date of Birth: 1927

Nicknames: Jeronimo Arango

Country: Spain, Mexico

Jeronimo Arango net worth: Jeronimo Arango is a Mexican businessman who has a net worth of $4 billion. Jeronimo Arango, along with his two younger brothers, Manuel and Placido, founded Aurrera chain of supermarkets in 1958 after a trip to New York, where he witnessed people standing in long lines to obtain discounts at stores. Starting with only one discount store, the Arango's business flourished, eventually turning into Grupo CIFRA that not only encompassed the largest supermarket chain in Mexico (including Aurrera and Superama stores), but also restaurants (VIPs and El Porton) and fashion stores (Suburbia). By 1991 Arango made a partnership with Sam Walton's Wal-Mart empire, a game-changing move which eventually brought the Wal-Mart retail stores to Mexico. Six years later, the trio made their fortune after they sold their stake in retailer Cifra to Wal-Mart's Mexican arm, a deal worth over 2 billion dollars. Nowadays, Jeronimo's brother Manuel is the president of the Mexican Center for Philanthropy, in addition to other 10 different non-profit organizations. While Jeronimo is said to live a quiet life in Los Angeles with his wife, who is the president of the Mexican Folk Art Museum. Apart from his business, he is also an Academy Awards' winner for the production of a well-known documentary about pre-Hispanic life in the 1970s.
JerA?nimo Arango is a Mexican businessman, co-founder of the AurrerA? chain of supermarkets along with his 2 younger brothers, Manuel and Placido, known for a long time as three of Mexico's wealthiest men. His fortune was estimated at 4.6 billion United States dollars in 2006 by Forbes magazine. In the 2007 Billionaires issue Forbes new estimate is 4.3 Billion.
Born in 1927. Arango founded his AurrerA? 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. The stores flourished and eventually his family's company, Grupo CIFRA, encompassed the largest supermarket chain in Mexico (including AurrerA? and Superama stores) as well as restaurants (VIPs and El PortA?n) and fashion stores (Suburbia).
By 1991 Arango partnered with Sam Walton's Wal-Mart empire, a move which eventually brought the Wal-Mart retail stores to Mexico. The Mexican chain was later renamed Walmex and became the starting point for Wal-Mart's expansion in Mexico. By 1997 the Arango family decided to sell majority shareholding of CIFRA to Wal-Mart in a transaction worth over 2 billion dollars.
Manuel, JerA?nimo's brother is the president of the Mexican Center for Philanthropy as well for more than 10 different non-profit organizations. He won two Academy Awards in the 1970s for the production of a well-known documentary about pre-Hispanic life. His wife, MarieTherese is the president of the Mexican Folk Art Museum.

Jeronimo Arango Latest News

Billionaires in Mexico

Elektra also sells Chinese cars. Jeronimo Arango, $4.3 billion. Since 1958, Arango’s family business has been the Bodega Aurrera supermarket chain, part of Grupo Cifra, which sold out to Wal-Mart and became Wal-Mart de México (Walmex), which netted ...
Posted: March 11, 2008, 4:16 am

Locals on Forbes latest list of billionaires

At least one unfamiliar name that's living in L.A.: Jeronimo Arango, who shares a $4 billion fortune with his family (they sold their stake in retailer Cifra to Wal-Mart's Mexican arm). He's #276. Patrick Soon-Shiong is tops among L.A. residents ...
Posted: March 8, 2012, 12:23 am

Jeronimo Arango Net Worth

Jeronimo Arango net worth: Jeronimo Arango is a Mexican businessman who has a net worth of $4.4 billion. Jeronimo Arango, along with his two younger brothers, Manuel and Placido, founded Aurrerá chain of supermarkets in 1958 after a trip to New York ...
Posted: January 15, 2016, 1:48 am

In praise of the extraordinary

Its architectural counterpart : Arango House by John Lautner, Mexico This extraordinary construction stands on a steep hill above the bay of Acapulco. It was built as a holiday home for Jeronimo Arango by John Lautner in 1973. John Lautner was a ...
Posted: November 14, 2015, 3:14 pm

Jerónimo Arango

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. The stores ...
Posted: January 18, 2017, 11:43 am
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