| Name: | Isak Andic Ermay |
| Net Worth: | $1.5 billion |
| Source of Wealth: | Mango |
| Born: | October 20, 1953 |
| Age: | |
| Country: | Spain |
| Wife: | Neus Raig Tarragó (ex-wife) |
| Children: | Jonathan Andic, Sarah Andic, Judith Andi |
| Residence: | Barcelona |
| Private Jet: | Bombardier Global Express (EC-JIL) |
| Yacht: | Nirvana Formentera |
From humble beginnings in Istanbul to establishing one of the world’s most recognizable fashion brands, the life of Isak Andic Ermay stands as a testament to ambition, vision, and determination. Here’s an in-depth look into the man behind the Mango brand and his far-reaching influence in Spanish commerce.
Isak Andic, originally hailing from Istanbul, Turkey, made his journey to Spain when he was just 16. Alongside his brother, Nahman Andic, young Isak delved into the world of apparel, initially selling T-shirts. This early venture soon expanded to jeans and, by 1994, several retail outlets, christened as Mango, dotted the Spanish landscape.
Today, Mango’s iconic brand presence can be felt in over 109 countries, boasting more than 2,200 stores. The company, which prides itself on its dedicated workforce of approximately 9,000 employees, has a central design hub named ‘El Hangar’. Mango’s staggering annual sales touched US$ 2.5 billion in 2015. At the heart of this expansive enterprise lies its parent company, Punto Fa, headquartered in the bustling city of Barcelona.
Diversifying his business pursuits, Andic ventured into real estate through Punta Na. This arm of his business empire holds a vast portfolio of real estate assets, valued at over US$ 500 million.
Despite his astounding business success, family remains at the core of Andic’s world. Having three children with his former spouse, Neus Raig Tarragó, two of them are actively contributing to the Mango legacy. Jonathan Andic, stepping into his father’s shoes, holds the title of Executive Vice President and CEO, while Judith Andic showcases her creative flair in the brand’s design department.
Expanding his influence beyond fashion, Andic also holds a significant stake in Banco Sabadell, Spain’s fifth-largest banking group. Not merely content as a shareholder, he once served as its Vice Chairman, further establishing his prowess in the world of business.
With a remarkable journey that spans multiple industries, Andic’s net worth is a testament to his business acumen, estimated at a staggering $1.5 billion. This financial feat places him among the elite, ranking as the fourth richest individual in Spain.
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He lives in a large house in Barcelona. The house has recently been renovated and has a large underground construction and a swimming pool. Barcelona: A Mosaic of Culture and Modernity Barcelona, the capital of Catalonia, stands as a vibrant testament to Spain‘s rich history and contemporary energy. Nestled along the Mediterranean coast, this city is a melting pot of cultures, art, and architecture. Its streets echo the genius of Antoni Gaudí, with the iconic Sagrada Família being a testament to his revolutionary vision. La Rambla, the city’s bustling artery, offers a colorful array of shops, cafes, and street performers, drawing both locals and tourists alike. Barcelona’s Gothic Quarter transports visitors back in time with its narrow alleys and ancient buildings. The city is also famed for its delectable cuisine, especially tapas, and its vivacious festivals like La Mercè. As the sun sets, Barcelona’s nightlife awakens, with countless bars and clubs offering a taste of Catalonian spirit. Furthermore, FC Barcelona, the city’s beloved football club, embodies the passion and pride of its residents. Whether you’re seeking art, history, food, or sports, Barcelona promises an unforgettable experience.
He is the owner of the sailing yacht Nirvana Formentera.
Sailing Yacht Nirvana Formentera: A 53-meter ketch built by Vitters in 2007.
Design: Crafted by the acclaimed Dubois Naval Architects.
Specifications: Dual Caterpillar engines with a cruising speed of 10 knots.
Interiors: Luxurious design by Josep Juanpere Miret of GCA Arquitectes, accommodating 10 guests.
Innovations: Features a unique pivoting centerboard.
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 Bombardier Global Express is a large-cabin business jet manufactured by Bombardier Aerospace. It is one of the most popular business jets on the market, offering a combination of range, speed, and comfort that makes it an ideal choice for executive travel.
The Global Express was first introduced in the 1990s and has since become one of the most popular business jets in the world. It is designed to provide maximum comfort and convenience to passengers, with features such as a spacious cabin, private sleeping quarters, and conference areas. The jet is equipped with the latest in avionics and navigation systems, making it easy to fly and providing a smooth and comfortable ride.
One of the most notable features of the Bombardier Global Express is its range. The jet is capable of flying non-stop for over 6,000 nautical miles, making it ideal for long-distance travel. It also has a high cruising speed, allowing it to cover large distances quickly and efficiently. This combination of range and speed makes the Global Express an ideal choice for executives and VIPs who need to travel quickly and comfortably to destinations around the world.
As for the price of the Bombardier Global Express, it can range from $45 million to over $70 million, depending on the specific model and configuration.
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