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Jeronimo Arango Net Worth 2017, Biography & Wiki
Jeronimo Arango net worth: Jeronimo Arango, along along with his two younger brothers, Manuel and Placido, founded Aurrer chain of supermarkets in 1958 after a visit to The Big Apple, where he watched folks standing in long lines to get discounts at shops. Beginning with just one discount store, the Arango’s company prospered, eventually turning into Grupo CIFRA that not only encompassed the biggest supermarket chain in Mexico (including Aurrer and Superama stores), but also eateries (VIPs and El Portn) and trend shops (Suburbia). By 1991 Arango made a partnership with Sam Walton’s Walmart empire, a game-altering move which eventually brought the Wal Mart retail stores to Mexico. Six years later, the threesome made their fortune when they sold their stake in retailer Cifra to Walmart’s Mexican arm, a deal worth over 2 billion dollars. Now, Jernimo’s brother Manuel is the president of the Mexican Center for Philanthropy, as well as other 10 distinct non-profit organizations. Apart from his company, he’s likewise an Academy Awards’ winner for the creation of a well known documentary about pre-Hispanic life in the 1970s.