Geronimo Arango net worth
Geronimo Arango Net Worth: Jeronimo Arango is a Mexican businessman with a net worth of $4.4 billion. Jeronimo Arango, who founded the Aurreá supermarket chain in 1958 after a trip to New York with his two younger brothers Manuel and Placido, witnessed long lines in stores to get discounts.
Starting as a discount store, Arango flourished and eventually grew into Grupo CIFRA, which included not only Mexico’s largest supermarket chain (including Aurrerá and Superama stores), but also restaurants (VIP and El Portón) and boutiques (suburban). By 1991 In 2018, Arango formed a partnership with Sam Walton’s Walmart empire, a game-changing move that eventually brought Walmart retail stores to Mexico. Six years later, the trio made their fortune after selling a stake in retailer Cifra to Walmart’s Mexican arm in a deal worth more than $2 billion. Today, Jeronimo’s brother, Manuel, is president of the Mexican Philanthropy Center, along with 10 other different nonprofits. Jeronimo is said to be living a peaceful life in Los Angeles with his wife, the director of the Mexican Folk Art Museum. In addition to his business, he is an Academy Award winner for making a famous documentary about pre-Hispanic life in the 1970s.
