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Isak Andic: Net Worth, House, Private Jet and yacht Nirvana Formentera

Author: Peter Yachtfan

Nirvana Formentera Yacht

Andic Boat :

Nirvana Formentera

Yacht Length:

53 m (175 ft)


10 in 5 cabins


9 in 4 cabins


Vitters Yachts


Dubois Naval Architects




12 knots




471 ton



SY Nirvana Price:

US$ 30 million

SY Nirvana For Sale:

Contact a Sales Broker

SY Nirvana Charter:

Contact a Charter Broker

Isak Andic

Full Name:

Isak Andic Ermay



Isak Andic Net Worth:

US$ 1.6 billion




October 20, 1953


Neus Raig Tarragó  (ex-wife)


Jonathan Andic, Sarah Andic, Judith Andic


Barcelona, Spain

Private Jet:

Bombardier Global Express (EC-JIL)

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Andic Ermay has either sold his yacht or is building a new one. As his yacht had her name changed into Nirvana Formentera.  Do you know more about this project? Please do send us a message.

Who is Isak Andic Ermay?Isac Andic

He is a Spanish billionaire and the founder of the Mango clothing retail chain. He was born in 1953. He was married to Neus Raig Tarragó. They have 3 children (Jonathan, Sarah and Judith).


Andic was born in Istanbul (Turkey) and moved to Spain at the age of 16. He started selling T-shirts with his brother Nahman Andic. Soon they opened shops and started selling jeans. In 1994 he had several stores, which he named Mango.

Punto Fa

Mango now has more than 2,200 stores in 109 countries. The company has around 9,000 employees. Of which 1,900 in its design center named El H angar.  

In 2015 the Mango group realized sales of US$ 2.5 billion. The Mango group’s parent company is named Punto Fa and is based in Barcelona.

Punta Na

Punta Na is the real estate arm of Andic’s group. Punta Na holds more than US$ 500 million in real estate assets.

Family business

Andic is divorced from Neus Raig Tarragó. They have three children, two of which are active in the company. Jonathan Andic is Executive Vice President en CEO of the company. While his daughter Judith is active in the design department.

Banco Sabadell

Andic is also shareholder at the Spanish bank Banco Sabadell. And he was Vice Chairman for a few years. Banco Sabadell is the fifth-largest Spanish banking group.

Private Jet

He owns a Bombardier Global Express BD 700 private jet. The jet has registration EC-JIL. The jet is formally owned by the company MNG Bird SA.

During the construction of the yacht Nirvana, the jet was often at Groningen Airport, which is located near the Vitters Shipyard. The BD700 has a list price of US$ 50 billion.

The aircraft can accommodate 14 passengers.

Isak Andic Net Worth

His net worth is estimated at US$ 1.6 billion. He is the 4th richest man in Spain.

Andic Residence

He lives in a large house in Barcelona. The house has recently been renovated and has a large underground construction and a swimming pool.

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There is more!

Sailing Yacht Nirvana

Nirvana is a 53 meter ketch built by Vitters and delivered in 2007.

The yacht is designed by Dubois Naval Architects, as a fast cruising ketch. She is built out of aluminum and is powered by two Caterpillar engines. Her top speed is 12 knots. Her cruise speed is 10 knots.

Her interior is designed by Josep Juanpere Miret of GCA Arquitectes. Nirvana can accommodate 10 guests and has a crew of 9.

Pivoting Center Board

The yacht has a innovative pivoting centerboard, which reduces the yachts’ draft from 10 meters to 3 meters. This allows her to operate in shallow waters and to anchor close to the beach.

Monaco Yacht Show Prix du Design

In 2008 SY Nirvana won the Monaco Yacht Show Prix du Design, which is an award for the most beautiful design.

In that same year the yacht also won the International Superyacht Society Design Award in the category “Best sailing yacht above 40m“.

Name Change

Recently the name of Nirvana was changed to Nirvana Formentera. This indicates that Andic sold Nirvana (although we were not aware of her being for sale). Or he is building a new yacht. And has reserved the name Nivana for his new project.

Some sources mention a project named Nirvana II. Do you know more about Nirvana or a new project for Andic? Please do send us a message.

UPDATE: We were told he had plans to replace the yacht. But he abandoned the new build plans and refitted Nirvana instead.

Is She Available for Yacht Charter?

The boat is not available for yacht charter. And the yacht is not listed for sale.

Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth and net worth.

Scroll all the way down for more amazing content!

Saiing yacht Nirvana
Nirvana SYNirvana interiorIsak Andic yachtNirvana main salon

The Vitters sailing yacht Nirvana

Nirvana’s interior

The main saloon

Andic’s yacht Nirvana

Nirvana at night

Follow the location of the Nirvana yacht live

EC-JIL Isak Andic private jet

His private jet: EC-JIL

Private Jet

Isak Andic Residence

Isak Andic HouseAndic House Barcelona

Inside Sailing Yacht Nirvana

SY Nirvana FormenteraYacht OwnersDownload our Database with more than1,060 Yacht OwnersLuxury Yacht Charter