Jeronimo Arango Net Worth

Jeronimo Arango was born in 1925 in Los Angeles, California, Mexico. In 1997, he and his two brothers, Manuel and Placido, sold a majority stake in their discount retailer Cifra to Wal-Mart's Mexican arm for a reported $1.2 billion. Jeronimo founded the predecessor to Cifra with his brothers in 1958. The brothers have since stayed out of the spotlight, with Jeronimo living a quiet life in Los Angeles. Manuel is a real estate developer and the founder of the Mexican Center For Philanthropy, while Placido owns a chain of restaurants and collects art.
Jeronimo Arango is a member of Fashion and Retail

Age, Biography and Wiki

Birth Year 1925
Birth Place Los Angeles, California, Mexico
Residence Los Angeles, US
Occupation Co-founder, Aurrerá
Relatives Manuel Arango and Placido Arango (brothers)

💰 Net worth: $4.3 Billion (2024)

Jeronimo Arango, renowned as a leading figure in the fashion and retail industry in Mexico, is projected to have an estimated net worth of $4.3 billion by 2024. With his impressive business acumen and strategic investments, Arango has successfully positioned himself as a prominent player in the Mexican retail landscape. Having made significant contributions to the growth and development of the industry, his wealth and influence continue to soar, making him a true icon in the world of fashion and retail.

2009 $3.4 Billion
2010 $4 Billion
2011 $4 Billion
2012 $4 Billion
2013 $4 Billion
2014 $4.2 Billion
2015 $4.3 Billion
2016 $4.4 Billion
2017 $4.2 Billion
2018 $4.38 Billion

Some Jeronimo Arango images



Arango founded his Aurrerá discount stores in 1958 after a trip to New York where he witnessed people standing in long lines to obtain discounts at stores; he decided to open one that sold at discount, emphasizing cost over other niceties. The stores flourished and eventually his family's company, Grupo CIFRA, encompassed the largest supermarket chain in Mexico (including Aurrerá and Superama stores) as well as restaurants (VIPs and El Portón) and fashion stores (Suburbia).


Manuel, Jerónimo's brother is the President of the Mexican Center for Philanthropy as well for more than ten different non-profit organizations. He won two Academy Awards in the 1970s for the production of a well-known documentary about pre-Hispanic life.


By 1991 Arango partnered with Sam Walton's Wal-Mart empire, a move which eventually brought the Wal-Mart Retail stores to Mexico. The Mexican chain was later renamed Walmex and became the starting point for Wal-Mart's expansion in Mexico. By 1997 the Arango family decided to sell majority shareholding of CIFRA to Wal-Mart in a transaction worth over $2 billion.