Age, Biography and Wiki
| Birth Year | 1925 |
| Birth Place | Los Angeles, California, Mexico |
| Age | 98 YEARS OLD |
| Residence | Los Angeles, US |
| Occupation | Co-founder, Aurrerá |
| Relatives | Manuel Arango and Placido Arango (brothers) |
Net worth: $4.3 Billion (2024)
Jeronimo Arango, renowned as a leading figure in the fashion and retail industry in Mexico, is projected to have an estimated net worth of $4.3 billion by 2024. With his impressive business acumen and strategic investments, Arango has successfully positioned himself as a prominent player in the Mexican retail landscape. Having made significant contributions to the growth and development of the industry, his wealth and influence continue to soar, making him a true icon in the world of fashion and retail.
Biography/Timeline
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 flourished and eventually his family's company, Grupo CIFRA, encompassed the largest supermarket chain in Mexico (including Aurrerá and Superama stores) as well as restaurants (VIPs and El Portón) 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.
Some Jeronimo Arango images
