What is Isidoro Alvarez's Net Worth?
Isidoro Alvarez, a renowned Spanish entrepreneur, boasts a net worth of $1.4 billion. He is widely recognized as the current president of El Corte Ingles, one of Spain's leading department store retailers. El Corte Ingles, founded in 1940 by Alvarez's uncle, generates near $19 billion in revenue. Alvarez joined the company at the age of 18, following his uncle's invitation.
Upon the death of his uncle, Areces, in 1989, Alvarez stepped up as the chairman of El Corte Ingles. Although he has no children, Alvarez is believed to have designated his nephew as the unofficial heir to his retail empire. While the primary focus of El Corte Ingles remains on department stores, the company also operates supermarkets under the Hypercor brand and has a presence in the travel industry through Viajes El Corte Ingles travel agency.
