Arango, Jerónimo

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Name
Arango, Jerónimo Gender: M
Jerónimo Julio Arango Arias
born on 17 November 1925 at 13:30 (= 1:30 PM )
Place Tampico, Mexico, 22n13, 97w51
Timezone CST h6w (is standard time)
Data source
BC/BR in hand
Rodden Rating AA
Collector: Scholfield
Astrology data s_su.18.gif s_scocol.18.gif 24°57' s_mo.18.gif s_sagcol.18.gif 14°59 Asc.s_piscol.18.gif 05°11'



Jerónimo Arango (Walmart store at Playa del Carmen, Q.R.)
photo: Aled Betts AKA Bettsy1970 from Caerphilly, now living in Ceredigion, Cymru/Wales, license cc-by-2.0

Biography

Mexican billionaire businessman, co-founder of the Aurrerá supermarket chain, with his younger brothers, Manuel and Plácido, known for a long time as three of Mexico's wealthiest men. His net worth was estimated at US$4.6 billion in 2006 by Forbes.

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; 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, was the largest supermarket chain in Mexico (including Aurrerá and Superama stores) as well as restaurants (VIPs and El Portón) and fashion stores (Suburbia).

By 1991, Arango partnered with Wal-Mart, a move that 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.

Prior to his death, Arango's residence was in Los Angeles, California. He died on 4 April 2020 at age 94 due to natural causes.

Link to Wikipedia biography

Events

Source Notes

Sy Scholfield provided birth registry entry from Tamaulipas archives (Jerónimo Manuel Arango, born to Jerónimo Arango Diaz and Maria Luisa Arias Fernández). Wikipedia has 1927 apparently in error.

Categories

  • Lifestyle : Financial : Wealthy (Billionaire)
  • Lifestyle : Home : Expatriate
  • Personal : Death : Long life more than 80 yrs (Age 94)
  • Vocation : Business : Business owner
  • Vocation : Business : Entrepreneur
  • Vocation : Business : Top executive
  • Vocation : Business/Marketing : Sales