Owners of Mayoral and La Cañada mall come in at numbers 51 and 58
By Oliver McIntyre TWO Málaga businessmen are among the 100 richest people in Spain, according to a listing by Forbes magazine.
The top spot in Málaga province goes to Rafael Fernández de Gor, owner of the Mayoral children’s clothing company, whose estimated net worth is €550 million, making him the 51st richest person in Spain, according to the Forbes ranking. He dropped from number 38 on last year’s list.
However, the other Málaga mogul on the list, Tomás Olivo, owner of Marbella’s La Cañada and five other shopping centres throughout Andalucía and in Barcelona, soared from 100th place last year to number 58 on this year’s list. The boost came after his company, General de Galerías Comerciales, became publicly listed in July of this year, pushing his net worth to €500 million, up from €100 million last year.
Olivo is a native of Murcia but is based in Marbella. Besides La Cañada, his company's shopping centres include Gran Plaza in Roquetas del Mar and Mediterráneo in Almería city, Nevada Shopping in Granada, Las Dunas in Cádiz and Mataró Park in Barcelona.
While the two Málaga businessmen’s fortunes are impressive, they pale in comparison to that of Spain’s richest man, Zara’s parent company founder Amancio Ortega, who tops the list with a staggering €61.7 billion. Ortega who is majority owner of the publicly traded Inditex, which operates Zara and numerous other retails chains, is also currently listed at number four on Forbes’s list of world billionaires.
Among Spain’s richest, his fortune is roughly equivalent to the combined total of the next 51 people on the list, while directly following him in the number-two position is his own daughter, Sandra Ortega, with a net worth of €6.5 billion.
Rounding out the top five are Mercadona owner Juan Roig, at €4.8 billion; Iberstar hotels chief Miguel Fluxà with €3.6 billion; and construction and infrastructure giant Ferrovial’s executive president, Rafael del Pino, with a net worth of €2.9 billion.
Tomás Olivo, majority owner of shopping centre company General de Galerías Comerciales