Isak Andyk Net Worth
Isak Andic Net Worth: Isak Andic is a Spanish entrepreneur with a net worth of $5.8 billion. Isak Andic co-founded Mango, a clothing design and manufacturing company, in 1984 with his brother Nahman Andic. Since then, Mango has grown into a company with 82% of its sales outside Spain and around 2,600 stores in 109 countries around the world, from the Netherlands Antilles to China.
Known for producing and selling affordable fashion for women, the group has opened 800 “corner” stores within other retailers over the past few years. However, that didn’t stop sales and profits from falling, especially in 2011. As a result, Mango has introduced some far-reaching changes, including a 20% price reduction, a return to basic design, and moving garment production in-house. Today, Isak’s son and apparent heir oversees He by Mango, a men’s retailer who took over as vice president in 2012, second only to his father on the company’s employment charts. What’s more, Kate Moss was recently replaced as the brand’s face by Australian model Miranda Kerr. In addition to Mango, Andic owns a stake in Banco Sabadell, one of Spain’s largest banking groups. The media-shy entrepreneur and his family moved to Spain from Turkey in the 1960s. Now, Isak Andic is one of the richest men in Spain, and he likes to spend his free time on his yacht called Nirvana.
