Juan Roig Net Worth

Juan Roig was born on October 08, 1949 in Valencia, Spain, Spain. The richest grocer in Spain, Juan Roig is president of grocery store giant Mercadona, hauls in $22.8 billion in revenues a year. Roig, his brother Fernando and wife Hortensia Herrero, also billionaires, bought the chain in 1981 from the Roigs' father when it was just an eight-store operation. By 2006, they had opened their 1,000th store. The economic crisis slammed most of Spain's economy but did nothing to slow down Mercadona's growth. Today the Roig family has 1,614 locations spread across the country. The company prides itself on the long tenure of its 79,000 employees, who get a 25% cut of the company's pretax profits. Juan Roig created an "innovation cluster" in Valencia, Spain, where he invests in young entrepreneurs. He is the largest shareholder of the Valencia Basket Club, a professional basketball team in his hometown.
Juan Roig is a member of Fashion & Retail

Age, Biography and Wiki

Birth Day October 08, 1949
Birth Place Valencia, Spain, Spain
Age 71 YEARS OLD
Birth Sign Scorpio
Residence Valencia, Spain
Education Economics, University of Valencia Advanced Management Program, IESE Business School of the University of Navarra
Occupation Owner & President of Mercadona
Spouse(s) Hortensia Herrero
Children 4

💰 Net worth: $4.15 Billion (2021)

2011 $2.9 Billion
2012 $4.7 Billion
2013 $5.5 Billion
2014 $4.8 Billion
2015 $5.4 Billion
2016 $5.4 Billion
2017 $5.1 Billion
2018 $4.64 Billion

Some Juan Roig images

Biography/Timeline

1949

Juan Roig was born on 8 October 1949 in Valencia. He studied in a Jesuit school in Valencia, then in a boarding school, and graduated in economics at Valencia, but was not an outstanding student.

1973

Roig teaches at a school for young entrepreneurs on Saturdays. He plays paddle tennis and watches basketball. At university he met Hortensia Herrero, and they were married in 1973. They have had four children - Amparo, twins Hortensia and Carolina, and Juana - and seven grandchildren. His wife is now vice-president of Mercadona. He is said to favour family ownership in Business, provided that the family members contribute positively.

1981

With three of his five brothers, Juan Roig bought the shops from his parents in 1981. He largely bought out his brothers in 1991, and went on to build up the Mercadona supermarket chain, which now runs over 1,400 stores. His success in Retail has been based on a risky strategy of competitive pricing, and on technological innovations such as barcode scanners and automated distribution facilities. He introduced full-time contracts for all employees in the late 1990s.

2010

Roig was awarded the Prince Felipe Prize for Business Excellence in 2010.

2013

Forbes magazine in October 2013 reported that Roig was worth 5,800 million euros, the second largest fortune in Spain. This in fact is the estimated value of the 78% stake in Mercadona jointly owned by himself and his wife. But since Mercadona shares are not publicly quoted, the figure is somewhat speculative. As of October 2015, Forbes estimated his net worth at US$5.3 billion. The shareholding yielded dividend income totalling over $400 million between 2006 and 2013 for Roig and his wife jointly.