R.I.P.

Billionaire Mango Founder Dies in Accident

Isak Andic, who opened his first Mango store in Barcelona in 1984, was worth $4.5 billion at the time of his death.

Fashion brand Mango’s billionaire founder, Isak Andic, has died in a hiking accident in Spain, the company said. The 71-year-old slipped and fell from a 150-foot-high cliff Saturday while hiking with family in Montserrat near Barcelona, local media reported. Mango chief executive Toni Ruiz said in a statement: “It is with deep regret that we announce the unexpected death of Isak Andic, our non-executive chairman and founder of Mango, in an accident that occurred this Saturday.” Ruiz hailed Andic as an “example for all of us.” “He dedicated his life to Mango, leaving an indelible mark thanks to his strategic vision, his inspiring leadership and his unwavering commitment to values that he himself imbued in our company,” he continued. Andic, who opened his first Mango store in Barcelona in 1984, was worth $4.5 billion at the time of his death, according to Forbes.